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XAU/USD : Bullish Movement Ahead ? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we see that yesterday’s bearish trend played out as expected, hitting all downside targets at $2717, $2700, and $2686, even extending further to $2643. This aggressive decline resulted in over 1000 pips of movement within a single day. Currently trading around $2670, gold faces a significant liquidity gap, and with the interest rate decision due tonight, I expect the price to recover and potentially fill this gap. Expect heavy market volatility—trade cautiously! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
98
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
OANDA:XAUUSD
by Goldviewfx
20
GOLD ROUTE MAP UPDATEHey Everyone, What a day in the markets today with another big drop following on from last weeks election move. We observed today and watched our bearish side of the setups play out with 2682 being hit on market open followed with ema5 cross and lock opening 2657,which was also hit and then continued into 2638 and now the swing range. Both of these two levels were confirmed with candle body close confirmation, as ema5 was lagging due to momentum. We are now seeing price in the swing range and looking for a reaction here. Failure to hold support here and we will switch to our 4h chart to track the extended range. We will now patiently wait for the momentum to exhaust, so we can continue to stick with our long term trend and buy dips. We were looking forward to this correction for a while now, to enable us to get back in the wave. 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 - DONE EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 - DONE EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET 2638 - DONE EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2621 (DONE) - 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
OANDA:XAUUSD
by Goldviewfx
7
4 Winning Years Ahead for Traders Under TrumpOn November 5, 2024, the markets made it loud and clear—they’re excited about Donald J. Trump’s return to office. Stocks, the dollar, and other key assets all responded with strong moves that reflect investor confidence in what his policies might bring. Compare this to the last few years under Biden, and the difference is striking. The market barely budged during Biden’s presidency; even when he contracted COVID-19, it was business as usual. With Trump back, though, there’s an undeniable surge of optimism. Let’s look at what’s happening across the major assets and what it could mean for us traders in the days ahead. S&P 500 (SPX) The S&P 500 spiked from $5,704 to $6,018 on election night—a powerful rally that signals investor optimism. It seems the market is embracing Trump’s expected focus on tax cuts and pro-business policies. This kind of jump doesn’t happen without a reason; investors are clearly betting that Trump’s return will be good for corporate America and, by extension, for the economy. Gold (XAU/USD) In times of uncertainty, gold usually rallies as investors look for safe havens. But on election night, we saw the opposite: XAU/USD dropped from $2,750 to $2,643 per troy ounce. This decline tells us that investors feel less inclined to hedge their bets with gold, opting instead for assets tied to economic growth. When people pull out of safe havens, it's often a sign they’re feeling pretty good about what’s ahead. U.S. Dollar Index (DXY) The dollar had its own rally, with the DXY climbing from 103.3 to 105.4. This spike reflects confidence in the U.S. economy’s potential under Trump’s leadership. With the dollar gaining strength, it’s clear that investors expect strong economic fundamentals and possibly higher interest rates—both of which could keep the dollar in demand. Dow Jones Industrial Average (DJI) The Dow also rallied, jumping from $41,649 to $44,173. This boost is especially interesting because it reflects optimism in sectors like manufacturing, energy, and infrastructure—industries Trump has supported in the past. Investors are likely betting on policy moves that could provide a lift to U.S. industries, potentially driving corporate profits higher. WTI Crude Oil (WTI) Looking forward, I’m expecting WTI prices to come under pressure as Trump likely revisits his focus on domestic oil production. If he revives the “drill, baby, drill” approach, we could see supply levels increase, which would weigh on prices. This potential shift in energy policy is something to keep an eye on, as it could create fresh trading opportunities. The Big Picture From stocks to the dollar, the market’s reaction seems to signal that Trump’s return is seen as positive for growth and stability. Reflecting on his previous term, I remember trading seemed almost simpler—beyond economic reports, following Trump’s statements (especially on Twitter) often gave insight into market sentiment. We might be looking at a similar environment now. Final Thoughts for Traders Trump’s re-election sets the stage for market dynamics we’ve seen before, with a familiar blend of optimism and volatility. For traders, this could mean more straightforward strategies, particularly by keeping an eye on policy shifts and economic indicators. With Trump’s leadership back in play, I believe the next four years could be some of the best trading years we’ve seen. Whether you’re in stocks, commodities, or forex, it’s clear the market is responding—and as traders, there’s a lot we can take away from that.
Editors' picks
OANDA:XAUUSD
by GoldCartel
26
GOLD MARKET UPDATEHey Everyone, This is the weekly chart we have been tracking for over 1 month now and also shared on Sunday. Last update we stated that EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. We also stated that we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before. - This played out perfectly with the correction that we are seeing now testing the channel top inline with the weekly chart retracement range. We are now expecting a reaction here . 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. OUR 1H AND 4 CHART UPDATE Bothe of these charts have tested the swing range, which gave the 40 pip bounces, just like we always state but didn't get the full swing yet. (This is the reason why we always state 40 pip bounces on our weighted levels, as it always delivers, even when it breaks through.) We are now tracking the 4H chart, where price is playing above the support structure. As long as price maintains above the 4h chart support structure, we should see a correction back up to test the upper Goldturns. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
15
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
OANDA:XAUUSD
by Goldviewfx
12
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope? Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part. Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts. Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar. Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form. Resistance levels: 2626, 2637 Support levels: 2604, 2569, 2546 If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
19
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
OANDA:XAUUSD
by Goldviewfx
14
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
OANDA:XAUUSD
by Goldviewfx
11
GOLD → U-turn and fall... Waiting for Powell (Fed)FX:XAUUSD is forming a reversal setup with a bias for the medium and long term. The fundamental background is changing in favor of the dollar at the expense of gold, as well as changing the targets... Trump is the new (old) president of the United States. What does that mean? Rising inflation, a rising dollar, stock market and bonds are possible, but not gold or currency markets. But because Trump's policies promise to be tough on China and Europe, gold may get additional support from investors, but not in the near term, perhaps not in the next year. What are the targets to gold going forward? 2400, 2300, 2200. 2K is not excluded. Now all eyes are on the Fed rate meeting later on Thursday. Will they cut 0.25% or keep the rate the same? The important aspect in that case is the regulator's comments and hints (slowing down the easing cycle is not ruled out). Waiting for Powell... Technically, gold is returning to the range, so the focus is on the internal levels and the key 0.5 fibo, from which the decline may resume Resistance levels: 2670, 2685, 2696 Support levels: 2652 (trigger), 2637, 2624 A correction after the spill is being formed. False breakdown and subsequent consolidation below the above resistance levels will be a signal for the continuation of the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
17
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Some time ago price declined below a support level, thereby breaking it, and started to trades inside the support zone. Later prices declined from this area lower, but soon turned around and backed up to the 2650 level, making a gap and breaking this level. Next, the price made a retest and continued to move up to the resistance level, which coincided with the resistance zone. After Gold reached this level, the price some time traded between this level, and last time it broke the 2735 resistance level, made a second gap, and continued to move up. Some time later price reached the trend line and then started to decline inside the pennant. In this pattern, the price first fell to the 2735 level, and then broke it, after which made impulse down to the support level. A not long time ago price rebounded from this level and now the XAU rise. So, I think that XAUUSD will reach the trend line and then start to decline to the support level, thereby exiting from the pennant. For this case, I set my goal at 2650 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
14
THE KOG REPORTTHE KOG REPORT: If last week’s KOG Report we shared the Election overview with the potential path and levels to look out for. We said we would be looking for the high to have been formed with resistance 2740-45, and then the move down to commence with the first level to target and for the bounce being the 2715 level. We identified our order region at 2700 and the extension of the move into the 2780-85 level which gave traders a wonderful opportunity to capture the short, then the bounce, then the short again. On top of that, we shared the red boxes on the 4H chart, KOG’s bias of the day targets and the weekly bias targets, which were all completed. Please have a look at how well the red box and Knights indicators respected the price. So, what can we expect in the week ahead? We have a potential range here 2650-55 and resistance 2730-35 where we could play some sideways consolidation, so for that reason we’re going to be a little cautious with shorting it here, instead look for the support levels to hold and then attempt the long trade. The initial level below is 2665, which if held should give traders a long into the red box resistance level 2700. It’s this level we need to see defended or broken, and if broken we will look higher into the 2730 region to take out our longs and then attempt the short trades. Breaking this level will entail completion of the election move taking us into the 2750-55 region where price may take a breather, so please keep this in mind. If we continue upside from the open, then we will be looking to trade the red boxes level to level into the order region following the Excalibur targets. Not much in terms of news until mid-week with CPI, PPI and a Powell speech, so expect there to be choppy and ranging conditions, accumulation and price staying close to MA’s on the shorter timeframes. KOG’s bias for the week: Bearish below 2730 with targets below 2665, 2650 and below that the extension level 2620 Bullish on break of 2735 with target above 2740 and above that 2775 RED BOXES: Break above 2690 for 2695, 2710 and 2730 in extension Break below 2676 for 2665, 2655 and 2635 in extension Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
Lingrid | GOLD Weekly Technical AnalysisOANDA:XAUUSD market made a bearish move earlier in the week but rebounded on Thursday and Friday. Despite the current volatility, a sideways movement appears likely following these recent fluctuations. The price bounced off a support level after the FEDs decision to cut rates, but we also saw some bearish movement, closing Friday's session in the red. It closed below the psychological level of 2700, indicating a potential consolidation between the 2600 and 2700 levels after facing strong resistance. On the daily timeframe, the market may be forming an ABC pullback toward the 2600 support level, as it has not tested this level since breaking and closing above it in September and October. Looking at the 4H timeframe, we can clearly see a shift in market structure, by prices making lower lows and lower closes, along with a breakout from the upward channel. The market had been contained within this channel for the past three months, but it has now broken out, retested the channel, and is currently showing signs of a rebound. Given that the gold market often creates triangular patterns, we may see this formation develop in the first half of next week. I anticipate continued consolidation, as prices typically tend to move sideways or form a two-legged pullback following significant movements, much like we observed last month. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
15
Lingrid | GOLD Head and Shoulders Pattern EmergesOANDA:XAUUSD market has plunged during the London session, breaking and closing below the psychological level of 2700. Prior to this drop, the price action appeared to be forming a head and shoulders pattern, which is typically a reversal formation. Additionally, it has broken and closed below the upward trendline that has supported the price since the beginning of August. While the major trend remains bullish on the higher timeframes, I believe the market may be entering a deeper correction phase, as mentioned in my weekly forecast. With high-impact news today, we can expect heightened volatility in the NY session. I expect the market to retest the trendline and the resistance zone at 2700, followed by a bearish move towards the previous monthly low. My goal is support zone around 2615. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
14
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
OANDA:XAUUSD
by Goldviewfx
5
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
OANDA:XAUUSD
by Goldviewfx
4
GOLD → Buyers stop believing in gold ... Are the bears coming? FX:XAUUSD after Powell's support reaches a local high of 2710, but buyers do not let the price near the risk zone. The price is returning to the correction phase and preparing to update the local lows The correction started after the strengthening of interest in the dollar, which is growing at the expense of gold because of Trump's victory. The excitement has not subsided yet, it may continue for a few weeks. The 0.25% cut in interest rates was slightly taken into account by the market, but still supported the metal, but short-term. The market is also disappointed with China, especially with the actions of the authorities towards the country's economy. In general, the fundamental background is negative and it is worth considering this information in your trading. Ahead of the US CPI, which will be published on Wednesday. Technically, the price is turning around and intends to test the liquidity zones located at the bottom... Resistance levels: 2680, 2685, 2700 Support levels: 2665, 2652, 2637 Emphasis on 2665. A pre-breakdown consolidation is forming. If the price breaks this support, selling may intensify. I do not exclude one more attempt to retest the resistance, for example 2680-2685 before further falling. In general, both fundamentally and technically, the market feels the priority towards the bears... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
XAU/USD : CPI is coming, Bull or Bear ?Analyzing the #Gold chart on the 4-hour timeframe, we can see that after entering the highlighted demand zone, gold has delivered a return of over 270 pips so far and is currently trading around $2611. It’s important to note that today we have the CPI data release, which could significantly impact gold prices. If the CPI figures come in higher than expected, we’re likely to see further declines in gold, and vice versa if the data comes in lower. Key demand zones remain at $2586-$2593 and $2555-$2562, while important supply zones are $2610, $2619-$2626, and $2643. Additionally, the recent sharp declines in gold have created several liquidity gaps, marked in purple on the chart, which are expected to be filled in the medium term as the price recovers. Stay cautious and keep an eye on these levels, as well as the CPI announcement, for potential trading opportunities! The Last Analysis : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Editors' picks
OANDA:XAUUSD
by ArmanShabanTrading
28
Lingrid | GOLD Breaks OCTOBER Low: A Shorting OpportunityThe price perfectly fulfilled my last idea. It hit the target zone. OANDA:XAUUSD broke and closed below the previous support level, which has now turned into a resistance zone. Currently, the market is testing the psychological level at 2600. The ongoing bearish momentum is evident as the market continues to form bearish impulse legs and lower lows. If the price pulls back towards the resistance zone and shows signs of rejection at that level, it could present an opportunity to short the market. At this point the market may enter into the consolidation phase. My goal is support zone around 2570 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
13
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, A volatile day in the markets today from the US election and once again we were able to use our levels to navigate the markets even on a volatile day like this. We did not chase momentum but instead we stuck with our plans to buy dips from our weighted levels for a 30 to 40 clean catch from 2700 level. We are now seeing a further breakdown into the retracement range. EMA5 is lagging due to market momentum. However, although we are seeing price in the retracement range and ema5 lagging behind we will need to see ema5 lock below 2672 to open the swing range. Failure to cross and lock below 2672 will see price push up to test the Goldturns 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. 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 2754 EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET 2784 BEARISH TARGETS 2724 - DONE EMA5 CROSS AND LOCK BELOW 2724 WILL OPEN THE FOLLOWING BEARISH TARGET 2696 - DONE EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE RETRACEMENT RANGE 2672 - DONE EMA5 CROSS AND LOCK BELOW 2672 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
OANDA:XAUUSD
by Goldviewfx
23