Tradingideas
XAUUSD / UNDER DEMAND ZONE PRESSURE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
This analysis describes a potential price movement for gold within a 1-hour timeframe based on demand and supply zones:
The demand zone is identified between $2,643 and $2,659. The text suggests that if gold prices stabilize at or above this zone, it could signal an upward move.
If prices stabilize within or above the demand zone, they may rise to the supply zone, located between $2,688 and $2,703 , If prices surpass the supply zone, the next target level mentioned is $2,710.
If prices break below the demand zone (below $2,643), it could indicate a potential decline , In this case, target levels would be $2,618 and $2,605.
Gold remains around $2,675-$2,670 due to a stronger USD.Gold (XAU/USD) stays around $2,672-$2,670 as trading opens in Europe on Monday, continuing its recent downtrend from the October 31 record high. The USD remains slightly below last week's 4-month peak, driven by optimism over Trump’s economic policies, which are pressuring gold for the second consecutive day.
Investors expect Trump’s policies to boost growth and inflation while limiting strong Fed easing, keeping US Treasury yields high and pushing funds away from non-yielding gold. However, a mild risk sentiment may support gold as traders await US inflation data and Fed Chair Powell’s speech later this week.
Personal opinion:
A sell-off below last week's low around $2,643 could trigger further downside, potentially pushing gold towards the October range low at $2,605-$2,602. However, a rebound above $2,700 faces strong resistance near $2,718 and the $2,740-$2,745 zone. A break above these levels could signal the end of the correction and push gold towards $2,750 and the $2,758-$2,790 range, or even the record high from October 31.
Pay attention to the price range:
Buy Zone: 2656 - 2654
SL: 2649
Buy Zone: 2666 - 2664
SL: 2659
Sell Zone: 2687 - 2689
SL: 2694
XAUUSD / BREAKOUT THE SUPPORT TRENDLINE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Target Achievement , The analysis mentions a prior target of +430 pip profit, with the price currently yielding a 1.58% rate. This suggests that an expected price decline has already occurred and reached a specific profit target.
Demand Zones , The current demand zone is between $2,659 and $2,649. If prices stabilize above or within this range, there may be an opportunity for prices to rebound and move towards a higher range , If prices break below this demand zone, a further decline is anticipated toward a lower demand zone between $2,618 and $2,604.
Supply Zones , If prices rise, the target supply zone is set between $2,687 and $2,710.
For an uptrend to be confirmed, prices would need to break and stabilize above this supply zone, indicating potential for further upward movement.
Overall Trend , Despite potential rebounds within the specified zones, the asset is noted as trading “under downward pressure,” suggesting an overall bearish outlook unless key supply or demand zones are broken in favor of a trend reversal.
US30 / TRADING INSIDE ASCENDING CHANNEL / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
Current Price Trends:
Following Trump’s win, the US30 index rose by 4.90% , The index is now testing historical peak levels around 44,045, with a potential to reach 44,532 if the upward trend holds.
Technical Levels and Price Action:
The analysis suggests that if prices stay below a certain “ascending channel line,” it could indicate weakness, possibly leading to a decline , The first potential downside target is a “Fair Value Gap” (FVG) between 43,381 and 42,984 , If prices break this zone, further declines could target another FVG range between 42,716 and 42,335.
Trend Confirmation:
If the price remains below the second FVG zone, it might confirm a downtrend , Conversely, if it stays above these levels, it suggests potential for a continued increase.
Gold Analysis: Short Fibonacci ResistanceIn this 1-hour Gold chart (XAU/USD), we observe the price retesting a significant area around the 2687 level after a recent downtrend. Fibonacci retracement levels are applied to gauge potential retracement zones.
Entry Position: A potential short entry can be taken near the 2687 level, where price is facing resistance.
Take-Profit Target: The first profit target could be set around 2664, where the next support lies, aligning with a favorable risk-to-reward ratio.
Stop-Loss: Consider placing the stop-loss above the 0.5 Fibonacci level at 2699 to minimize risk if the price breaks higher.
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2704 and a gap below at 2682. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2704
EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET
2725
EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2682
EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET
2657
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET
2638
EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2621 - 2608
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price lay between two weighted levels with a gap above at 2696 and a gap below at 2665, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2724
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2665
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone,
Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.
Previously after completing 2760 target, we stated that we now have a candle body close above 2760 for a continuation above with a gap open to 2797. We got the move but fell just short of the full gap, but no ema5 lock, which would've further confirm this. We also stated that failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing range.
- We got the rejection from no ema5 lock above, followed with the retracement range and swing range test, which both gave the bounces like we said.
As long as we see price stay above the swing range, we will continue to see the levels above tested and support levels re-tested for the bounces, keeping in mind the long range/term gap above.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 5 weeks.
Previously we had the nice push up, which we took using our smaller timeframes but the gap remained open and we were yet to see the ema5 lock to further confirm this.
EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. As we stated previously, we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before, if tested at all.
If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
IS ULTA BEUTY ABOUT TO GET A MAKEOVER?!NASDAQ:ULTA
IS NASDAQ:ULTA ABOUT TO GET A MAKEOVER?!
In this analysis video we will discuss:
1️⃣ MY #HIGHFIVESETUP trading strategy
2️⃣ Symmetrical Triangle pattern
3️⃣ My plan for this trade
Short🎯 $448
Long 🎯 $516
Chart 1/5 dropping soon.
What do you think of this trade setup? Are you adding it to your watchlist?
NFA
NASDAQ:QQQ #TRADING
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts following on from the election move that gave the drop into the lower Goldturns and our weighted levels all giving bounces inline with our plans to buy dips.
The swing range is providing the swing although the full swing range level has not been tested. We also have the swing completing the retracement range and leaving a candle body close gap above 2696 opening 2724, which will be further confirmed by ema5 lock.
Our current range is now between 2640 and 2724 to play within, until we see a ema5 lock breakout to confirm the next range.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
NAS100USD / UNDER FOMC PRESSURE / 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
Recent Price Movement ,The price has reached a new historical level, breaking past the last all-time high (ATH) of 20,788.
Current Target , Prices are trying to approach 21,125. As long as there’s upward pressure, there’s potential for growth.
Potential Retest of Support , Before continuing to increase, prices might retest an old supply zone between 20,788 and 20,662. This area serves as a potential support level, and if the price remains above it, there’s a higher chance for further increases.
Upside Target , If prices stabilize above this support zone, there’s a chance of reaching a new ATH around 21,125. If it breaks this level, the next historical zone lies between 21,200 and 21,350.
Downside Risk, If prices fall below the old supply zone, it could indicate a decline, with a potential target of the Fair Value Gap (FVG) between 20,482 and 20,335. This level represents a potential lower support area if the price trend reverses.
XAUUSD / TEST TO SUPPLY ZONE BEFORE DECLINE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
The asset is aiming to reach a supply zone between $2,747 and $2,732, This zone represents an area where selling pressure is expected, potentially capping upward movement.
Prices are under downward pressure, especially after the news about Trump’s election, which has impacted the market sentiment.
As long as the price stays below or within this supply zone, the expectation is for further declines , If prices stabilize below the current supply zone, they are expected to move down towards a demand zone between $2,657 and $2,638.
For a confirmed downtrend, the asset would need to stay below this demand zone, potentially pushing prices lower toward the next zone between $2,618 and $2,605 , If prices break through the upper boundary of the supply zone ($2,747), there may be an upward move toward a higher supply zone between $2,773 and $2,790, suggesting a possible trend reversal or upward correction.
Gold price analysis November 8Fundamental Analysis
After Trump took office, hopes that his policies would boost economic growth and inflation, to a greater extent, overshadowed the dovish outlook of the Federal Reserve (Fed), which helped revive demand for the US Dollar (USD). In addition, a generally positive risk tone undermined the safe-haven precious metal.
Meanwhile, falling US Treasury yields could keep US bulls from placing aggressive bets and help limit any further downside in non-yielding Gold prices. However, XAU/USD, for now, appears to have stalled its nice recovery from the 50-day Simple Moving Average (SMA) support, or above the three-week low touched on Thursday, and remains on track to post a second consecutive weekly loss.
Technical Analysis
If the correction of gold fails to exceed the 2690 zone, the recovery may last until the beginning of the US session. Our target is around 2676 at this signal. Today's main port area is noted around the bottom of the 2650 correction wave. When gold breaks 2690, wait for a retest and BUY to the 2710 and 2730 zones.
GOLD DAILY CHART UPDATEHey Everyone,
Great day on the charts today with our swing range doing exactly what it says on the tin. We got the big drop yesterday from the election volatility, yet our levels were still respected technically, providing the reactional bounce.
Swing range bounce gave us 2690. A close above this level will see the upper levels being retested again, keeping in mind the long range gap above on this chart idea. Failure to close above this level will see a retest on the swing range again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX