GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.
After completing 2729 and 2856, we were left with a very small body close above 2856 last week leaving 2976 open and we stated that will need ema5 lock to further confirm this.
EMA5 is still yet to lock, however the body close already gave us a nice push up with over 700 pips. The full long term gap still remains open with a further candle body close left from last week.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Xauusd(w)
Potential XAUUSD ReversalDaily chart of XAUUSD show a positive BOS
And there are weekly BB, OB and FVG formed.
The bullish momentum has not shown sign of weakness yet.
Friday's bar showed a bearish pinbar after all time high near 2815.
Bulls may look to buy near a retracement to 2770 and retest 2815 and then 2850
BTCUSDlooks like a short bearish but before we see strong breakout, it is hard to get into a trade daily and weekly frame still in a range. as i draw the line unless 92000 strong break and then only we see to see continuestion as market price to retest the hug gap. same way if we looking for continue up trend then we must see a strong break out 101000 above only.
what are your thought.?
feel free to comment BELOW.
happy weekend.
GOLD (XAUUSD): Your Trading Plan For Next Week Explained
Gold did not manage to update the All-Time High on Friday,
retracing from a key daily resistance.
The market is now trading within a horizontal range on a daily.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:
Bullish Scenario
If the price breaks and closes above 2943,
a bullish continuation will be expected to the new highs.
Bearish Scenario
If the price breaks a demand zone based on a rising trend line
and a support of the range and closes below that,
a correctional movement will follow.
Alternatively, with the absence of fundamentals,
the market may stay within the range for a while, so be patient.
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GOLD heading for another ATH? I anticipate that gold will continue rising from the current price level around 2,880, targeting the relative equal highs above. Once price sweeps this liquidity, it will establish a new all-time high (ATH).
However, if price starts to accumulate and slow down, we could see a deeper mitigation, possibly into the 7-hour demand zone or even the 6-hour demand zone below. This would set the stage for a larger move to the upside.
Confluences for XAU/USD Buys:
- Price has broken structure to the upside and remains in a strong bullish trend.
- Relative equal highs above provide a liquidity target for price.
- Price is currently sitting in a 4-hour demand zone, with additional key demand areas nearby.
- Gold continues to rally, supported by ongoing geopolitical tensions.
P.S. If price reaches the 6-hour supply zone and starts forming a Wyckoff distribution on the lower time frames, we may see a potential downside move from that point of interest (POI).
GoldEntry Analysis from 2878 on Gold Chart (XAU/USD) – 1-Hour Timeframe
✅ Current Market Condition:
- The overall trend is bearish, and the price has found support around 2863.36.
- Entering from 2878 implies that you expect a bullish correction before the price resumes its downward movement.
- The 2878 level is near the Volume Profile area, where selling pressure may increase.
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📉 Entry Scenario at 2878 (Sell After Correction)
✅ Entry: 2878 (Only if the price reaches this level and shows bearish confirmation)
- We expect the price to reach this level after a corrective move and then face selling pressure.
- Confirmation through bearish candlestick patterns (such as engulfing patterns or strong selling candles) is required.
🎯 Suggested Targets:
1. First Target: 2863 – 2860 (Previous support level)
2. Second Target:** 2845 – 2840 (Next support in lower timeframes)
🚨 Suggested Stop Loss:
- Above 2885 – 2890, where strong resistance is located.
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📌 Conclusion & Recommendation:
- A short entry at 2878 with bearish candlestick confirmation is a logical scenario to follow the downtrend.
- If the price breaks above this level, be cautious about the potential rise towards 2890 – 2895.
- This setup requires careful monitoring of candlestick formations and trading volume to avoid false entries.
📉Result and Success Probability Estimate:
Based on market structure and technical signals, I estimate the probability of a successful sell from 2878 to be around 65% - 70%.
- If a strong bearish confirmation candle (such as an Engulfing) forms at 2878 , the probability increases to 75% .
- If the price stabilizes above 2885 , the probability of success decreases, making the trade riskier.
GOLD Buyers In Panic! SELL!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2931.9
Bias - Bearish
Safe Stop Loss - 2939.6
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2917.6
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Gold at PRZ—Will Bears Take Over Soon!?Today, U.S. Retail Sales data will be released:
Core Retail Sales (Forecast: 0.4%) → If lower than expected, it may indicate weaker consumer spending, potentially weakening the USD ( TVC:DXY ).
Retail Sales (Forecast: 0.4%) → A lower-than-expected reading would signal economic weakness and increase expectations for Fed rate cuts.
Given recent economic trends and previous reports like CPI (inflation) and PPI (producer inflation) coming in higher than expected, retail sales data is more likely to be stronger than forecasted or at least in line with expectations.
Potential Market Impact : If the data is stronger than expected : USD strengthens → Gold declines .
There is a slightly higher probability that the data will be stronger than expected (or in line with forecasts). However, if the data disappoints , the market could react sharply .
If the indexes are close to or match the forecasts, there will be less expectation of emotional market movement.
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Gold ( OANDA:XAUUSD ) started to rise, as I expected in the previous post . Currently, Gold is near the Potential Reversal Zone(PRZ) , the upper line of the Ascending Channel , Monthly Resistance(2) , and Yearly Resistance(1) .
According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 . One of the confirmation signs of the end of wave 5 can be the breaking of the lower line of the ascending channel .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to go down to at least $2,920 first after breaking the lower line of the ascending channel, and if the Support zone($2,915-$2,905) is broken, we should wait for an attack on the 100_SMA(1-hour) and the Support line .
Note: If Gold breaks the Potential Reversal Zone(PRZ) , we can expect more pumps.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 15-minute time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD: Bullish Continuation & Long Signal
GOLD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GOLD
Entry - 2882.4
Stop - 2875.1
Take - 2898.4
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
2789.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 2789.95 is broken.
Technical analysis:
A peak is formed in daily chart at 2942.55 on 02/11/2025, so more losses to support(s) 2879.11, 2833.00 and minimum to Major Support (2789.95) is expected.
Supports and Resistances:
3000.00
2942.55
2879.11
2833.00
2726.10
__________________________________________________________________
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Have a successful week,
ForecastCity Support Team
XAUUSD LONG🚀 XAUUSD (GOLD) Technical Analysis - Long Trade Setup
Current price action suggests a bullish reversal forming near the 2,882 support zone. Strong momentum indicators (RSI/MACD) align with a potential uptrend continuation.
Entry Zone: 2,882 - 2,900 (Optimal long entry on retest)
Target: 3,100 🎯 (Key resistance level + Fibonacci extension)
Risk Management: Always use stops below key support (2,850-2,860).
Chart patterns and institutional buying signals support this move. Let’s ride the wave! 🌊
Always trade with discipline and adjust position sizing to your risk tolerance.
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#XAUUSD #GOLD #TradingView #Forex #Commodities #Investing
GOLD The Week AheadThe GOLD (XAUUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback. towards the previous consolidation price range and also the rising support trendline zone. .
The key trading level is at 2860 level, the previous consolidation price range and also the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the2860 level could target the upside resistance at 2907 followed by the 29350 and 2955 levels over the longer timeframe.
Alternatively, a confirmed loss of the 2860support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 2840 support level followed by 2800.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Gold XAUUSD Possible Move 14.02.2025Market Analysis & Buy Signal
Trend: The market is in an uptrend, trading above the middle Bollinger Band.
Resistance & Support: Key resistance levels are marked in red, while support levels are in blue.
Breakout Confirmation: The price has broken above a key resistance, confirming bullish momentum.
Buy Signal: Enter at 2,933.42, targeting 2,944.00 (TP) with a stop-loss at 2,926.33 (SL).
Risk-to-Reward Ratio: Favorable for long entry.
Recommendation:
Go long while maintaining risk management strategies. 🚀
Harmonic Pattern Trading: Ultimate Guide for 2025Harmonic trading is a powerful price action-based strategy that uses Fibonacci ratios to identify high-probability reversal zones. These patterns fall under XABCD structure, meaning they have five key points (X, A, B, C, and D) and rely on Fibonacci retracements and extensions.
By mastering harmonic trading, you can identify trend reversals early and achieve higher win rates compared to traditional technical analysis methods.
🔹 Key Principles of Harmonic Trading
1️⃣ Structure of Harmonic Patterns (XABCD)
All harmonic patterns follow the same five-point structure:
X → A: The initial move.
A → B: The first retracement.
B → C: A counter move.
C → D: The final leg, forming the Potential Reversal Zone (PRZ).
2️⃣ Fibonacci Ratios in Harmonic Patterns
Harmonic trading is Fibonacci-driven, meaning each pattern is defined by specific retracement and extension levels:
Common Fibonacci Retracements: 38.2%, 50%, 61.8%, 78.6%, 88.6%
Common Fibonacci Extensions: 127.2%, 141.4%, 161.8%, 200%, 224%, 261.8%
3️⃣ Potential Reversal Zone (PRZ)
The D-point of the pattern is where price is expected to reverse.
This PRZ zone is validated by Fibonacci confluence, support/resistance, and other confirmation signals (RSI, MACD, divergence, etc.).
Entry: Around D-point reversal confirmation
Stop Loss: Beyond the PRZ invalidation zone
Take Profit: Based on Fibonacci extension levels (often 61.8%, 100%, or 161.8% retracements).
🔷 Primary Harmonic Patterns & Their Structure
1️⃣ Gartley Pattern 🦋
✅ Most popular & reliable harmonic pattern
✅ Predicts trend continuation or reversal
✅ Respects 61.8% Fibonacci retracement from XA
Gartley Pattern Structure:
AB = 61.8% retracement of XA
BC = 38.2% or 88.6% retracement of AB
CD = 78.6% retracement of XA
D-point PRZ → Strong reversal expected
🚀 Trading Tip: Look for confluence with trendlines, supply-demand zones, and RSI/MACD divergence.
2️⃣ Bat Pattern 🦇
✅ High-probability reversal setup
✅ Stronger deep retracement of XA compared to Gartley
✅ Ideal for trend continuation & reversal trades
Bat Pattern Structure:
AB = 38.2% or 50% retracement of XA
BC = 38.2% or 88.6% retracement of AB
CD = 88.6% retracement of XA
D-point PRZ → Expect strong reversal
🚀 Trading Tip: Bat patterns often provide low-risk entries with tight stop losses due to their deep XA retracement.
3️⃣ Butterfly Pattern 🦋
✅ Predicts deep trend reversals
✅ Used for aggressive counter-trend trades
Butterfly Pattern Structure:
AB = 78.6% retracement of XA
BC = 38.2% or 88.6% retracement of AB
CD = 127.2% or 161.8% extension of XA
D-point PRZ → Strong trend reversal expected
🚀 Trading Tip: Butterfly PRZ zones are more extended, so look for price exhaustion & divergence before entering.
4️⃣ Crab Pattern 🦀
✅ The most extended harmonic pattern
✅ Strong 161.8% XA extension creates powerful reversals
Crab Pattern Structure:
AB = 38.2% or 61.8% retracement of XA
BC = 38.2% or 88.6% retracement of AB
CD = 161.8% extension of XA
D-point PRZ → Extreme overextension, likely strong reversal
🚀 Trading Tip: Use confluence with key support/resistance levels & volume analysis to confirm reversals.
5️⃣ Deep Crab Pattern 🦀
✅ More reliable version of the Crab Pattern
✅ D-point extends further for deeper pullbacks
Deep Crab Pattern Structure:
AB = 38.2% or 61.8% retracement of XA
BC = 38.2% or 88.6% retracement of AB
CD = 224% - 261.8% extension of XA
D-point PRZ → Strong reversal expected
🚀 Trading Tip: Similar to the Crab, but requires stronger confirmation signals before entry.
6️⃣ Cypher Pattern 💠
✅ High accuracy harmonic pattern
✅ Faster entries compared to other patterns
Cypher Pattern Structure:
AB = 38.2% to 61.8% retracement of XA
BC = 127.2% to 141.4% extension of AB
CD = 78.6% retracement of XA
D-point PRZ → Price reversal likely
🚀 Trading Tip: Look for RSI/MACD divergence at the D-point for added confirmation.
7️⃣ Shark Pattern 🦈
✅ Newer harmonic pattern variation
✅ Similar to Crab but uses different Fibonacci rules
Shark Pattern Structure:
AB = 113% - 161.8% extension of XA
BC = 113% - 161.8% extension of AB
CD = 88.6% retracement of XA
D-point PRZ → Strong reversal expected
🚀 Trading Tip: Shark patterns often appear before larger trend reversals, so they work well for early trend detection.
🔷 Advanced Harmonic Patterns Overview
📌 3-Drives Pattern
Predicts the end of trends using 3 equal price movements
Each drive follows Fibonacci retracements/extensions
Strong reversal happens after the 3rd drive completes
📌 Alternate Bat Pattern
Similar to Bat but has a deeper B-point retracement (50% of XA instead of 38.2%)
More accurate for identifying trend continuation trades
📌 White Swan & Black Swan
Developed by harmonic trading expert Scott Carney
Similar to the Crab, but focuses on psychological market structure
🚀 How to Trade Harmonic Patterns Successfully
Step 1: Identify the Pattern & PRZ
Use harmonic pattern scanners or manual Fibonacci tools.
Step 2: Wait for Reversal Confirmation
Look for candlestick patterns (pin bars, engulfing candles).
Check RSI, MACD, and volume divergence.
Step 3: Place Your Trade
Entry: Once price reacts at PRZ.
Stop Loss: Beyond PRZ invalidation level.
Take Profit: Fibonacci retracement levels (38.2%, 61.8%, 100%, 161.8%).
🔥 Summary – Why Harmonic Trading Works
✅ High accuracy when Fibonacci ratios are respected
✅ Works across all timeframes (forex, stocks, crypto, indices)
✅ Combines price action, Fibonacci, and confluence factors
If you master these harmonic patterns, you'll consistently spot reversals early, maximize profits, and minimize risks! 🚀📈
XAUUSD: Better trading opportunities next weekAfter the last short position was closed yesterday, the gold price finally closed at 2882, and the lowest reached the target range of 2880-2875, and the lowest reached 2876. From the trend observation, it is in the position of long and short conversion, so there is a certain support. If today is not the weekend, I will definitely continue to go long on gold and wait for it to rise. But the gold market is closed, and there is uncertainty in the news over the weekend, peace? Or war, which will cause gold to explode in the floating of rising or falling.
I think the money in everyone's pocket is not picked up from the ruins. So there is no need to take this uncertain risk. Let's make our trading risks more controllable and profitable next week. OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! TVC:GOLD
XAUUSD Trade Recap & Next Big Opportunity!⭐️ Premium Club Short Trade @ 2929 - Target Achieved! 💰
Our recent short position from 2929 played out perfectly, hitting all targets with an impressive +290 pips in profit! 🎯
📉 Scalping the Golden Zone
As expected, we capitalized on the key support zone, securing an additional 100-120 pips on a quick long scalp. These fast-moving plays continue to deliver solid returns!
➡️ What’s Next for Gold?
Strong Support Zone Identified – Price has reached a critical demand area, signaling a potential short-term pullback.
1H Order Block Retest – We anticipate a retracement or a possible tag-in before further movement.
Risk-Reward Setup – A well-structured long entry from this zone could yield another profitable trade when markets open Monday.
Major Resistance in Place – Despite a bounce, selling pressure remains strong, and Friday’s momentum suggests further downside in the near term.
📈 Trading Plan:
🕹 Look for long setups at the identified support with a tight SL & proper R:R.
🕹 Keep an eye on the 1H bearish price action for confirmation of a continued move down.
🕹 If resistance holds firm, we could see another strong sell-off later in the week.
💡Stay ready for the next high-probability setup! 🚀
XAUUSD – the dream run likely to continue .. the week of 17 Feb As my chart shows, price has been climbing steadily and comfortably, very ably supported by the 20ema and 50ema. The recent 4 weeks however have seen sideways price action as price bounced in a (wide) 590 pip range (see the pink box).
Earlier today (Fri) price tried to overcome the ATH at 2942.59 but seems to have encountered some serious profit taking and fell back down rather impulsively. We are now at the bottom of that range and also at a region that has acted both as resistance and (now) as support. This makes me cautious about an otherwise text book perfect buying opportunity but my bullish bias is intact. Price is also overextended (check how far above the MA(s) price has travelled) on the daily chart.
Because of these facts, I don’t want to rush into taking a long (also have an open trade already). Perhaps the current pullback will continue before the uptrend resumes. I will be monitoring price action on the H4 and H1 time frames to find bullish evidence and then take another position. The 1st target will be the current (ATH) all time high with a possible 2nd target at 3000.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
I t’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
GOLD patience needed until this Bull Flag targets 3080.Gold / XAUUSD is correcting aggressively today on the 1day timeframe with the 1day RSI neutralized from previously overbought to just bullish now.
This is so far the strongest correction since the rally started on the December 18th 2024 low.
Based on those parameters, we believe that this is a Bull Flag similar to late September's.
We expect it to be completed by the end of the month.
Buy and target 3035 (the 1.236 Fibonacci extension).
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