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GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our plans to buy dips playing out perfectly. After completing our targets yesterday, we stated that no cross and lock above 2475 confirmed the rejection, which followed with the drop into the lower Goldturns for support bounces. We also stated that we are now back in the range and therefore levels are active again to track the movement up. We got the drop into 2434 weighted Goldturn, which provided the support for the bounce now into 2459 weighted level. We will now need to see ema5 cross and lock above 2459 to open 2475 once again. Failure to cross and lock above 2459 will follow with a rejection to find support at the lower Goldturns track the movement level to level 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. 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 2434 - DONE EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET 2446 - DONE 2459 - DONE EMA5 CROSS AND LOCK ABOVE 2459 WILL OPEN THE FOLLOWING BULLISH TARGET 2475 - DONE BEARISH TARGETS 2421 EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET 2408 2396 EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE SWING RANGE 2380 - 2360 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
OANDA:XAUUSD
by Goldviewfx
6
EURUSD ( TRADING INSIDE DESCENDING CHANNEL ) ( UNDER CPI ) (4H)EURUSD HELLO TRADERS currently of the price trading inside descending channel and stabilizing below turning level , today at 3.30 we have a CPI news that has a huge impact on market movements . Tendency , the price is under bearish pressure , until trading below turning level around 1.101 . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.101 , leading to rise that could reach the resistance level (1) at 1.105 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.109 and 1.113 . Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at 1.094 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.088 and 1.084 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.101before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.105 ,1.109 , 1.113 . SUPPORT LEVEL : 1.094 , 1.088 , 1.084 .
Short
by ArinaKarayi
EUR/USD Trade Setup 1-Hour TimeframeLast week, we anticipated EUR/USD would reach the major supply zone, but instead, the price formed a new, minor supply zone. This was followed by a doji and a close below candlestick pattern, providing a solid confirmation from the minor supply level. The trade was executed based on this candlestick confirmation at that level. Now, we wait. Remember, once you have full confirmation on a trade, don’t overthink execute the trade and stay patient.
Short
by OfficialUBKFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2438 Goldturn resistance and 2416, as Goldturn support. We currently have a gap open above at 2438 and below at 2416 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 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2467 BEARISH TARGETS 2416 EMA5 CROSS AND LOCK BELOW 2416 WILL OPEN THE FOLLOWING BEARISH TARGET 2389 EMA5 CROSS AND LOCK BELOW 2389 WILL OPEN THE SWING RANGE SWING RANGE 2369 - 2345 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
OANDA:XAUUSD
by Goldviewfx
5
DAILY CHART UPDATEHey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. Previously we had 2355 retracement range providing support and the re-actional bounce, as analysed and we stated that we will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again. This played out perfectly with no cross and lock below 2355 and therefore we got the perfect bounce re-testing all the targets above. Prior to last week we also got the ema5 cross and lock above 2405 opening 2464 once again, which was hit once completing the gap again. Currently we have a ema5 cross and lock gap below at 2355 and then a new turn created a current ema5 cross and lock above 2405 opening 2464 again. We now have gaps both ways and need to keep this in mind when planning to buy dips. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. 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
OANDA:XAUUSD
by Goldviewfx
3
75: Comprehensive Guide to Volume Profiles and Volume in TradingWhat is a Volume Profile? A Volume Profile is an advanced charting tool that plots the amount of trading activity (volume) across different price levels over a specific period. Unlike traditional volume indicators that only show volume over time, Volume Profiles provide insights into where the majority of trading took place, highlighting key areas of support and resistance, as well as zones of high and low interest among traders. Key Components of Volume Profiles: 1. Point of Control (POC) : This is the price level where the highest volume of trades occurred. The POC is a crucial level because it represents the price at which traders found the most value, making it a strong indicator of support or resistance. 2. Value Area (VA) : The Value Area represents the range of prices where approximately 70% of the volume was traded. This area is divided into the Value Area High (VAH) and Value Area Low (VAL). The VA is significant because it identifies the zone where most market participants were active, providing a clear picture of market consensus on value. 3. High Volume Nodes (HVN) and Low Volume Nodes (LVN) : HVNs are price levels where there was a large amount of trading activity, indicating significant interest and often serving as strong support or resistance levels. LVNs, on the other hand, represent areas with minimal trading activity, where prices tend to move quickly due to the lack of interest. The Importance of Volume in Trading Volume is a fundamental aspect of market analysis, offering insights into the strength and sustainability of price movements. It reflects the level of participation in a market, indicating the intensity of buying or selling at different price levels. - Confirmation of Price Movements : High volume confirms the legitimacy of a price move. For example, a price breakout from a resistance level on high volume is more likely to be sustained than one on low volume. - Reversals and Continuations : Spikes in volume can signal potential reversals, especially when occurring at significant price levels such as the POC or near the VA boundaries. Conversely, a sustained high volume along a trend can indicate its continuation. - Validation of Support and Resistance : Volume at key levels like the POC, VAH, and VAL helps validate these areas as strong support or resistance. When price interacts with these levels on high volume, it suggests that many market participants are active, reinforcing the importance of these price levels. How to Interpret and Use Volume Profiles: 1. Identifying Key Price Levels : - The POC acts as a magnet for price, often drawing the price back to it when it moves away. This level is crucial for identifying potential areas of reversal or consolidation. - The Value Area is where the majority of the trading activity occurs. Prices above the VAH might indicate an overbought condition, while prices below the VAL could suggest an oversold market. 2. Volume and Market Sentiment : - High Volume Nodes indicate areas of significant interest, where prices tend to stabilize due to heavy trading. These areas often become zones of accumulation or distribution, depending on market conditions. - Low Volume Nodes indicate price levels with minimal trading interest, where prices may move quickly and encounter less resistance, often leading to rapid price changes or breakouts. 3. Order Flow and Large Volume Blocks : - Large blocks of volume, particularly at HVNs, suggest the presence of institutional traders or significant market participants placing large orders. These zones are critical because they reflect where big players are accumulating or distributing their positions. As a result, these areas tend to create strong support or resistance levels that can define future market behavior. 4. Dynamic vs. Static Profiles : - Volume Profile Visible Range (VPVR): This type of profile updates as you scroll through your chart, dynamically showing the volume distribution for the visible price range. It’s useful for analyzing the current market context and finding immediate trading opportunities. - Fixed Range Volume Profile (FRVP): This profile is static, showing volume data for a specified price range or time period. It’s valuable for comparing current price action to historical data, helping identify long-term support and resistance levels. Practical Tips for Using Volume Profiles : 1. Customization and Settings : - Adjust the number of rows or ticks per row in your Volume Profile settings to get a more detailed or broader view of volume distribution. More rows will give you finer detail, while fewer rows will smooth out the data, highlighting major trends. 2. Combining with Other Indicators : - Use Volume Profiles in conjunction with other technical indicators like moving averages, RSI, or MACD to confirm trading signals and enhance the reliability of your analysis. 3. Adapting to Different Timeframes : - Tailor your Volume Profile analysis to your trading style. For day traders, shorter timeframes (e.g., 5, 15, 30 minutes) might be more relevant, while swing traders or investors might focus on daily, weekly, or even monthly profiles to identify long-term trends and key levels. 4. Observing Market Reactions at Key Levels : - Pay close attention to how the market reacts when it approaches HVNs, LVNs, the POC, or the boundaries of the Value Area. These reactions can provide clues about future price movements and potential trading opportunities. Volume Profiles offer a deep and nuanced view of market behavior by highlighting where significant trading activity has occurred at different price levels. By understanding the interaction between volume and price, traders can make more informed decisions, identify key levels for entry and exit, and gain insights into market sentiment. Integrating Volume Profile analysis into your trading strategy can provide a significant edge, enhancing your ability to navigate the complexities of financial markets.
CME_MINI:ES1!Education
by SeventyFive-Invest
XAUUSD ( INSIDE TWO TUENING LEVEL ) ( 4H )XAUUSD HELLO TRADERS currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 2,391$ , remain this level it will be attempt to reach a turning level (1) at 2,420$ . Tendency, the price inside two turning level around ( 2,420$ & 2,391$) Upward Zone : in order see increase , the price need breaking turning level at 2,420$ , by closing 4h candle above it , easily to reach a resistance level (1) around 2,436$ , remain this level indicates the price trying to inside a resistance zone between 2,459$ and 2,474$ . Downward Zone: by breaking turning level (2) around 2,391$ , the price dropping to reach a support level (1) at 2,364$ , to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 2,346 . TARGET LEVEL : RESISTANCE LEVEL : 2,436$ , 2,459$ , 2,474$ . SUPPORT LEVEL : 2,364$ , 2,346$ .
OANDA:XAUUSD
by ArinaKarayi
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans we felt we needed to share a new update on this chart. 2483 target was completed perfectly last month leaving a detachment below to ema5, which was nearly complete on the drop earlier this week and is good enough for a correction. 2536 is our final long range/term target on this chart idea and we will look to continue to buy dips using our smaller timeframe ideas rather then chasing the bull form the top. Currently we are looking for another likely retest at 2483 and a close above this level will confirm our final target above. Although the correction to the detachment below is nearly complete, we still need to take caution and keep in mind the small gap for the full correction. This can also be self corrected with bullish momentum by pulling up ema5, as the detachment is only small after the brutal correction earlier this week. 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
FOREXCOM:XAUUSD
by Goldviewfx
10
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today, with our plans to buy dips playing out perfectly!!! After getting the 1st level swing range bounce earlier this week, yesterday we stated that we were now looking for ema5 to lock below 2391 to open the full swing range and failure to lock below this level will provide another bounce to retest the levels above. - This played out perfectly with no lock below 2391, which followed with the perfect bounce and now heading towards 2416. We are looking for play between 2391 and 2416 on this 4H chart and will need ema5 lock to break and lock either level to confirm 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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2467 EMA5 CROSS AND LOCK ABOVE 2467 WILL OPEN THE FOLLOWING BULLISH TARGET 2491 POTENTIALLY 2510 BEARISH TARGETS 2438 - DONE EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE FOLLOWING BEARISH TARGETS 2416 - DONE 2391 - DONE EMA5 CROSS AND LOCK BELOW 2391 WILL OPEN THE SWING RANGE SWING RANGE 2369 (DONE) - 2345 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
OANDA:XAUUSD
by Goldviewfx
5
NAS100USD ( INSIDE DESCINDING CHANNEL ) ( 4H) NAS100USD HELLO TRADERS in recent days , prices have fallen sharply , with the issuance of shares of several companies and losses . Tendency, the price is under bullish pressure , until the price trading above turning level at 18,244 . RESISTANCE ZONE : in order to see an increase , as long as trading and stabilizing above turning level at 18,244 , to support rising to reach of a resistance level (1) at 18,698 , to confirm a rising trading , price should be closing 1h or 4h candle above resistance level (1) to reach a resistance level (2) at 19,112 , this two level called resistance zone , there have been many sales in this zone before , may be the price reserve descending channel before rising . SUPPORT ZONE : should the price reserve and breaking turning level , indicates dropping to support level (1) around 17,435 , to confirm downward , the price it will be breaking 17,435 , by closing 4h candle below it to reach support level (2) at 17,047 , to reach support level (3) at 16,232 , the price should be stabilizing below 17,047 , there have been many buying in this zone before . Corrective level :Price may make a correction at 18,244 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 18,698 ,19,112 , 19,546 . SUPPORT LEVEL : 17,435 , 17,047 , 16,232 .
OANDA:NAS100USDLong
by ArinaKarayi
USOIL ( BREAKOUT DESCINDIN CHANNEL ) (4H)USOIL Tendency, the price is under down ward pressure , until trade below 74.22 . Upward zone : In order to see an increase, the price needs to breaking the turning level at 74.22 , to reach resistance levels (1) around 77.06 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 78.89 . Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 71.55 , then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 69.30 , the breaking this level reach a next level at 67.93 Corrective level :Price may make a correction at 74.22, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 77.06 , 78.89. SUPPORT LEVEL : 71.55 , 69.30 , 67.93 .
TVC:USOILShort
by ArinaKarayi
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1h chart idea playing out, as analysed. Yesterday we stated that we have a candle body close above 2438 leaving a gap open to 2458 and ema5 lock will further confirm this. - This target was hit. No further cross and lock above 2458, which confirmed the rejection. We also stated that we have 2438 and 2423 as bearish support targets and will need a cross and lock below 2423 to open 2407 and 2394. A further ema5 lock below 2394 will open the swing range for the extended swing. - This also played out perfectly completing all the bearish targets and then followed with the swing range. The swing range did exactly what it says on the tin, by providing the perfect extended swing, inline with our plans to buy dips - BOOOOOOM!!!!! Price is back in the range and therefore all weighted levels are active again and can be tracked level to level using the chart ideas shared. 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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 - DONE EMA5 CROSS AND LOCK ABOVE 2458 WILL OPEN THE FOLLOWING BULLISH TARGET 2475 POTENTIALLY 2491 BEARISH TARGETS 2438 - DONE 2423 - DONE EMA5 CROSS AND LOCK BELOW 2423 WILL OPEN THE FOLLOWING BEARISH TARGET 2407 - DONE 2394 - DONE EMA5 CROSS AND LOCK BELOW 2394 WILL OPEN THE SWING RANGE SWING RANGE 2369 - 2359 SWING ACTION NICELY COMPLETE!! 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
OANDA:XAUUSD
by Goldviewfx
8
Gold's Next Explosive Move: Is a Massive Surge or Dramatic Drop?Major Support / Resistance Zone: This zone is marked clearly on the chart and acts as a significant level where price has previously reversed or consolidated. It's crucial to monitor how price reacts around this area. Wave Analysis: The chart shows a clear Elliott Wave structure, with a 5-wave pattern identified. Waves (1) to (5) represent the motive waves, and the correction waves are seen in between. Bearish Flag #1 and #2: These flags indicate periods of consolidation following a downward movement, suggesting potential for continuation to the downside. They are often characterized by lower highs and lower lows forming within a channel. Descending Channel: The descending channel provides a clear bearish structure, with price making lower highs and lower lows. This channel acts as a guide for potential price movement, indicating bearish sentiment as long as the price remains within this structure. Daily Bull Flag: This larger bullish flag formation suggests a longer-term bullish potential if price breaks above the flag's upper boundary. It's a key pattern to watch for potential upside. 1HR LQZ / Reversal Zone: This liquidity zone (LQZ) is marked as an area where a significant amount of orders might be present, potentially leading to reversals or significant price reactions. 4HR LQZ: Similar to the 1HR LQZ, but observed on the 4-hour timeframe, suggesting a more significant potential reversal or consolidation area. Bullish Potential: If the price breaks above the 1HR LQZ / Reversal Zone and the descending channel, there is a bullish potential up to the levels marked on the chart. The structure would need confirmation through higher highs and higher lows. Bearish Potential: If the price fails to break above the descending channel and instead moves below the 4HR LQZ, a bearish continuation is likely, potentially targeting lower support levels. Summary The chart indicates a potential for both bullish and bearish scenarios depending on how the price reacts to the identified key levels (major support/resistance zone, 1HR and 4HR LQZs, and the descending channel). Bullish scenario: Break above the 1HR LQZ and the descending channel, leading to a continuation towards higher levels. Bearish scenario: Failure to break above the descending channel and a move below the 4HR LQZ, indicating a continuation to the downside. This analysis should help in making informed trading decisions based on the observed technical patterns and key levels.
OANDA:XAUUSDLong
by Adlercon333
4
Types of Entry Models in SMC ConceptsIn Smart Money Concepts (SMC) trading, there are different types of entry models that traders use to enter the market. These include aggressive entry, actual entry, and order flow entry models. Here’s a simple explanation of each: 1. Aggressive Entry Model (15m): @Manipulation Entry Criteria: During Liquidity (LQ) Sweeps at Killzones + Stack Entries at Lower Time Frame (LTF, 1m) Description: Traders enter trades during significant liquidity sweeps, particularly in key market zones known as killzones (high-activity periods). They stack their entries by analyzing the 1-minute chart to find optimal entry points. This approach aims to catch early moves by entering immediately after liquidity has been swept, indicating potential reversals or strong market moves. Order Type: Market Order(post candle confirmation) Traders execute a market order as soon as their entry criteria are met on the 1-minute chart, entering the trade immediately at the current market price. Time Frame: 1 minute (LTF) 2. Actual Entry Model (15m): Post Manipulation Entry Criteria: At Valid Supply or Demand or Flip Zones Description: Traders enter trades at well-defined supply and demand zones or flip zones (areas where the market changes from supply to demand or vice versa). They wait for the price to reach these significant zones on the 15-minute chart, providing a more confirmed entry point that aligns with market structure and potential reversals. Order Type: Limit Order Traders place a limit order on the 1-minute chart at a specific price level they believe the market will reach, ensuring a better entry price. Time Frame: 1 minute (LTF) 3. Order Flow Entry Model (15m): @Distribution Entry Criteria: At Unmitigated Order Flow Description: Traders look for areas of unmitigated order flow on the 15-minute chart. Unmitigated order flow refers to price levels where significant orders have not yet been fully absorbed by the market, indicating potential areas of strong buying or selling pressure. Traders place their entries at these levels, often waiting for a candle confirmation to ensure the validity of the order flow analysis. Order Type: Limit Order (post candle confirmation) Traders wait for a candle confirmation on the 1-minute chart before placing a limit order. They analyze the order flow and wait for a confirming candle that aligns with their analysis before setting a limit order to enter the trade. Time Frame: 1 minute (LTF)
Education
by arjTradingofficial
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out once again. As analysed and shared yesterday; we will see price play between both weighted levels until one locks with ema5 to confirm the next range. Yesterday we stated that we had 2400 open gap and will need ema5 to lock above 2400 to confirm the range above. This target was hit perfectly today with no lock above confirming the rejection into 2376 weighted support. We will now need to see ema5 cross and lock below 2376 to open the range below or a rejection here will follow with a retest back upto 2400. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2400 - DONE EMA5 CROSS AND LOCK ABOVE 2400 WILL OPEN THE FOLLOWING BULLISH TARGET 2423 POTENTIALLY 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2459 POTEITNALLY 2475 BEARISH TARGETS 2376 - DONE EMA5 CROSS AND LOCK BELOW 2376 WILL OPEN THE FOLLOWING BEARISH TARGET 2360 2344 EMA5 CROSS AND LOCK BELOW 2344 WILL OPEN THE SWING RANGE SWING RANGE 2313- 2298 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
OANDA:XAUUSD
by Goldviewfx
5
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2400 Goldturn resistance and 2376, as Goldturn support. 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 have 2400 open gap and will need ema5 to lock above 2400 to confirm the range above. We also have 2376, as the weighted support area and will need ema5 lock below this level to open 2360, 2344 and a cross and lock below 2344 will open the swing range for the extended swing. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2400 EMA5 CROSS AND LOCK ABOVE 2400 WILL OPEN THE FOLLOWING BULLISH TARGET 2423 POTENTIALLY 2438 EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2459 POTEITNALLY 2475 BEARISH TARGETS 2376 EMA5 CROSS AND LOCK BELOW 2376 WILL OPEN THE FOLLOWING BEARISH TARGET 2360 2344 EMA5 CROSS AND LOCK BELOW 2344 WILL OPEN THE SWING RANGE SWING RANGE 2313- 2298 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
OANDA:XAUUSD
by Goldviewfx
10
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2406 Goldturn resistance and 2360, as the Goldturn weighted support. We also have 2406 as an open gap above and 2383 open gap below. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We will need ema5 to above 2406 to confirm the range above. We also have 2360, as the weighted support area and will need ema5 lock below this level to open 2360 and a cross and lock below 2360 will open the swing range for the extended swing. 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2406 EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET 2429 EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGET 2461 BEARISH TARGETS 2383 2360 EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE SWING RANGE 2328 - 2302 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
OANDA:XAUUSD
by Goldviewfx
2
GOLD DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure that we have been tracking successfully for a while now.. Previously we had the cross and lock above 2355, leaving a gap open to 2405 and same with 2405 opening 2464. - Both gaps were hit and completed, as analysed. We were then left with a candle body close gap above 2464 leaving a long range/term gap to 2521 and will need EMA5 lock above 2464 to further confirm this. Failure to lock above this level last week confirmed the rejection that followed. We are now seeing 2355 retracement range providing support and the re-actional bounce, as analysed. We will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again. We have marked the charts with our unique weighted levels and will use them to track the movement up and down, confirmed with ema5 cross and lock confirmation. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea. Previously we had 2434 open gap hit perfectly completing this range target and the channel top test. We mentioned last week that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above. - This played out perfectly, as we got the rejection after hitting our final target and the channel top provided the dynamic resistance and re-action we were expecting, which followed with the perfect rejection end of last week. We would need to see a candle body close above 2434 in the coming weeks/months to confirm this gap or an ema5 cross and lock for a double confirmation. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
OANDA:XAUUSD
by Goldviewfx
10
Profitable Triangle Trading Strategy Explained Descending triangle formation is a classic reversal pattern . It signifies the weakness of buyers in a bullish trend and bearish accumulation . In this article, I will teach you how to trade descending triangle pattern. I will explain how to identify the pattern properly and share my trading strategy. ⭐️ The pattern has a very peculiar price action structure : 1. Trading in a bullish trend, the price sets a higher high and retraces setting a higher low . 2. Then the market starts growing again but does not manage to set a new high, setting a lower high instead. 3. Then the price drops again perfectly respecting the level of the last higher low, setting an equal low . 4. After that, one more bullish movement and one more consequent lower high , bearish move, and equal low . Based on the last three highs , a trend line can be drawn. Based on the equal lows , a horizontal neckline is spotted. ❗What is peculiar about such price action is the fact that a set of lower highs signifies a weakening bullish momentum : fewer and fewer buyers are willing to buy from horizontal support based on equal lows. 🔔 Such price action is called a bearish accumulation . Once the pattern is formed it is still not a trend reversal signal though. Remember that the price may set many lower highs and equal lows within the pattern. The trigger that is applied to confirm a trend reversal is a bearish breakout of the neckline of the pattern. 📉Then a short position can be opened. For conservative trading, a retest entry is suggested. Safest stop is lying at least above the level of the last lower high. However, in case the levels of the lower highs are almost equal it is highly recommendable to set a stop loss above them all. 🎯For targets look for the closest strong structure support. Below, you can see the example of a descending triangle trade that I took on NZDCAD pair. After I spotted the formation of the pattern, I was patiently waiting for a breakout of its neckline. After a breakout, I set a sell limit order on a retest. Stop loss above the last lower high. TP - the closest key support. 90 pips of pure profit made. Learn to identify and trade descending triangle. It is one of the most accurate price action patterns every trader should know.
OANDA:XAUUSDEducation
by VasilyTrader
1