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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out perfectly, as analysed. We started with our bearish target at 2794 hit followed with cross and lock opening 2778, which was also hit. No further cross and lock below 2778 confirmed the rejection for the bounce from the weighted level. This bounce completed our Bullish target above 2807 and then a further cross and clock confirming 2819, which was also hit. True level to level action with confirmations!! We will now look for a cross and lock above 2819 for a continuation or a failure to lock above will see Goldturns below tested for 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 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 2807 - DONE EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET 2819 - DONE EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET 2832 EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET 2845 BEARISH TARGETS 2794 - DONE EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET 2778 - DONE EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET 2764 EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE 2753 - 2739 EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE SWING RANGE 2722 - 2707 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
21
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 2807 and a gap below at 2794. 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 2807 EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET 2819 EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET 2832 EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET 2845 BEARISH TARGETS 2794 EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET 2778 EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET 2764 EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE 2753 - 2739 EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE SWING RANGE 2722 - 2707 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
33
HelenP. I Gold will continue to move up inside upward channelHi folks today I'm prepared for you Gold analytics. In this chart, the price declined to support 2, which coincided with the support zone, and some time traded near this level and then rebounded up to support 1. Then Gold turned around and dropped to support 2, and when the price reached this level, it broke it and declined a little below. After this movement, the price in quickly rose back to support 2 and then some time traded in the support zone. Later price made a correction movement again and then started to grow inside an upward channel, where it soon broke support 2. In the channel, the price fell to the trend line, which is the support line of the channel also, and then continued to move up next. Some time later Gold rose to support 1, which coincided with one more support zone and broke this level. Soon, the price rose to the resistance line of the channel and then made a correction to trend line, but a not long time ago it rebounded and continued to rise. For this reason, I expect that XAUUSD will rise to 2800 points inside an upward channel. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
27
GOLD at Key Resistance: Possible Correction AheadOANDA:XAUUSD has reached a critical resistance zone. This zone has previously acted as a barrier for price, leading to strong reversals in the past. This area aligns with a significant supply zone, where the ongoing bullish momentum may face exhaustion, signaling a potential turning point. If the price shows bearish confirmation, such as rejection candles or a bearish engulfing pattern, I expect a pullback toward the 2733.000 level, which represents a logical target within the current market structure. This scenario reflects the potential for a short-term correction within the broader trend. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
OANDA:XAUUSDShort
by DanieIM
28
GOLD ROUTE MAP UPDATEHey Everyone, What an amazing finish to the week smashing all our chart ideas across all our multi timeframe analysis. After completing all our targets yesterday; we stated that we now needed to see ema5 lock above 2797 for a continuation into 2808. This was hit perfectly today completing all our targets for a perfect finish to the week. BULLISH TARGET 2778 - DONE EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET 2787 - DONE EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 - DONE EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET 2808 - DONE BEARISH TARGETS 2768 - DONE EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET 2757 - DONE EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET 2746 - DONE EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET 2732 - DONE EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE SWING RANGE 2707 - 2697 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
22
Lingrid | GOLD Possible Short-Term PULLBACK from KEY ResistanceThe price perfectly fulfills my last idea. It reached the target level. OANDA:XAUUSD market moved above the previous year's high and reached the psychological level at 2800, confirming the expectation from yesterday. Currently, the price is moving sideways at this resistance zone, and it's possible that we may see a short-term pullback in this area, despite the daily timeframe showing a close above the previous ATH. With upcoming high-impact news, it's essential to remain vigilant. I expect the price to continue consolidating at this level, likely trading between 2770 and 2800, especially as we approach the monthly close. This consolidation may lead to further volatility once the market reacts to the news. My goal is support zone 2775 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
27
HelenP. I Gold will rebound up from support zone to $2830Hi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price started to grow near the trend line and soon reached the support level, which coincided with the support zone. Then Gold broke this level, some time traded near, and then fell to the trend line and continued to grow next. Price rose to 2758 points and then made a correction to the trend line and then it continued to move up and later reached support 1, which coincided with one more support zone. But Gold at once rebounded from this level and fell below the trend line, breaking it, after which it fell a little more and then turned around. Next, the price started to grow below the trend line and later Gold reached support 1 again, but this time it broke it with the support level. After this, XAU continued to move up between the trend line, so, I expect that XAUUSD will fall to the support zone and then it rebound up, higher than the trend line, breaking it. Next, I think, the price will continue to grow, so, I set my goal at 2830 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
11
XAU/USD : First LONG,then SHORT! (READ THE CAPTION)By analyzing the 1-hour gold chart, we can see that gold has now reached the $2808 - $2818 supply zone and is currently trading around $2810. Given the liquidity gap created by the price surge from $2772 to $2811, I expect a price correction soon, but likely after one more bullish wave. If gold stabilizes above $2808, it could push higher towards the next targets at $2812, $2817.2, and $2820. This analysis will be updated soon!
FX_IDC:XAUUSD
by ArmanShabanTrading
59
GOLD ROUTE MAP UPDATEHey Everyone, Another Piptastic day on the charts with our analysis playing out to perfection!! Just amazing to see our levels in a new range that was generated using an average with no historical data has been hit perfectly at 2845. Yesterday we stated that we were now looking for a cross and lock above 2819 for a continuation or a failure to lock above will see Goldturns below tested for support. We got our 2832 and our final target at 2845 for a perfect finish 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 2807 - DONE EMA5 CROSS AND LOCK ABOVE 2807 WILL OPEN THE FOLLOWING BULLISH TARGET 2819 - DONE EMA5 CROSS AND LOCK ABOVE 2819 WILL OPEN THE FOLLOWING BULLISH TARGET 2832 - DONE EMA5 CROSS AND LOCK ABOVE 2832 WILL OPEN THE FOLLOWING BULLISH TARGET 2845 - DONE BEARISH TARGETS 2794 - DONE EMA5 CROSS AND LOCK BELOW 2794 WILL OPEN THE FOLLOWING BEARISH TARGET 2778 - DONE EMA5 CROSS AND LOCK BELOW 2778 WILL OPEN THE FOLLOWING BEARISH TARGET 2764 EMA5 CROSS AND LOCK BELOW 2764 WILL OPEN THE RETRACEMENT RANGE 2753 - 2739 EMA5 CROSS AND LOCK BELOW 2739 WILL OPEN THE SWIG RAGE SWING RANGE 2722 - 2707 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
32
Lingrid | GOLD anticipating VOLATILITY on FEDs Rate dayThe price perfectly fulfilled my previous idea. It almost reached the target. OANDA:XAUUSD bounced off the swap zone and is moving toward the resistance zone. With the FED rate decision today, we can expect increased volatility in the markets. On the daily timeframe, the price has formed an inside bar pattern. A breakout above the Monday high or below the Monday low is likely to determine the next move. I anticipate that today could see significant swings, and I expect the price to move higher, potentially testing the all-time high level. If the price closes above 2790, we could see a continuation of the current trend. Conversely, if the price forms a false breakout of the resistance zone, we may experience some sell-offs in the market. Overall, I expect the price to move toward the liquidity above the ATH level. My goal is resistance zone around 2800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
33
XAU/USD (Gold) Triangle Breakout (30.01.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 2785 2nd Resistance – 2794 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
33
Strongest Reversal Candlestick Patterns For Gold & Forex In this educational article, we will discuss powerful reversal candlestick patterns that every trader must know. Bullish Engulfing Candle Bullish engulfing candle is one of my favourite ones. It usually indicates the initiation of a bullish movement after a strong bearish wave. The main element of this pattern is a relatively big body. Being bigger than the entire range of the previous (bearish) candle, it should completely "engulf" that. Such a formation indicates the strength of the buyers and their willingness to push the price higher. Bullish engulfing candle that I spotted on Gold chart gave a perfect bullish trend-following signal. Bearish Engulfing Candle The main element of this pattern is a relatively big body that is bigger than the entire range of the previous (bullish) candle. Such a formation indicates the strength of the sellers and their willingness to push the price lower. ________________________ Bullish Inside Bar Inside bar formation is a classic indecision pattern. It usually forms after a strong bullish/bearish impulse and signifies a consolidation . The pattern consists of 2 main elements: mother's bar - a relatively strong bullish or bearish candle, inside bars - the following candles that a trading within the range of the mother's bar. The breakout of the range of the mother's bar may quite accurately confirm the reversal. A bullish breakout of its range and a candle close above that usually initiates a strong bullish movement. Bearish Inside Bar A bearish breakout of the range of the mother's bar and a candle close below that usually initiates a strong bearish movement. Bearish breakout of the range of the mother's bar candlestick provided a strong bearish signal on EURUSD. ________________________ Doji Candle (Morning Star) By a Doji we mean a candle that has the same opening and closing price. Being formed after a strong bearish move, such a Doji will be called a Morning Star. It signifies the oversold condition of the market and the local weakness of sellers. Such a formation may quite accurately indicate a coming bullish movement. Doji Candle (Evening Star) Being formed after a strong bullish move, such a Doji will be called an Evening Star. It signifies the overbought condition of the market and the local weakness of buyers. Such a formation may quite accurately indicate a coming bearish movement. Above is a perfect example of a doji candle and a consequent bearish movement on Silver. I apply these formations for making predictions on financial markets every day. They perfectly work on Forex, Futures, Crypto markets and show their efficiency on various time frames. ❤️Please, support my work with like, thank you!❤️
FXOPEN:XAUUSDEducation
by VasilyTrader
5
Gold- New ATH after correction?On Friday, FOREXCOM:XAUUSD climbed to a high of 2786, just 30 pips below the previous all-time high (ATH). Currently, the price is in a corrective phase, which could present an opportunity for bulls to enter the market at more favorable levels. Key confluence support lies around the 2740 zone, which could serve as an attractive entry point. A reversal from this area, followed by a break back above 2760, would indicate the end of the correction and signal the potential for a new ATH. However, a daily close below 2740 would halt the bullish outlook and suggest caution moving forward.
FOREXCOM:XAUUSDLong
by Mihai_Iacob
3
GOLD ROUTE MAP UPDATEHey Everyone, A PIPTASTIC day on the chart smashing all our targets, just like we analysed. We started the week completing our bearish targets into the retracement range for support. We then highlighted the weighted level rejection bounce for the push up into our Bullish targets, clearing 2778, followed with ema5 lock opening 2787, which was hit perfectly. We then finished off with our final lock above 2787 opening 2797, now complete!!! True level to level action!!! Now we need to see ema5 lock above 2797 for a continuation or failure to lock will follow with a rejection into Goldlturns below to find support. We are now siting in a new range and will need some play here to establish a blueprint to re-engage. 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 2778 - DONE EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET 2787 - DONE EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 - DONE EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET 2808 BEARISH TARGETS 2768 - DONE EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET 2757 - DONE EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET 2746 - DONE EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET 2732 - DONE EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE SWING RANGE 2707 - 2697 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
27
GOLD → The new ATH is not the limit. What are the new targets?FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps. Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level. Resistance levels: 2798.5, 2800, 2810-15 Support levels: 2790, 2785, 0.5 fibo In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Lingrid | GOLD Weekly PRICE Action ANALYSISOANDA:XAUUSD reached an all-time high this week, testing the zone above 2800 and maintaining an upward trajectory, as I noted in my last weekly post. January candle closed strongly above the 2024 high, indicating a strong bullish momentum in the market. Any pullback at this stage could present a prime opportunity to go long, if this doesn't turn out to be a false breakout of last year's high. However, on the daily timeframe, the formation of a long-tailed bar suggests a potential rejection at this resistance level, indicating the possibility of a pullback. Additionally, on the weekly timeframe, we can observe a closing below the psychological level of 2800 and weekly candle tail, which hints at potential selling pressure above. Overall, I anticipate the market to continue bullish movement, potentially reaching resistance zone of 2830-2850, which seems achievable unless the price action indicates otherwise. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
20
Gold next move (weekly forecast)(3rd Feb -- 7th Feb-2025)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the week (3rd Feb -- 7th Feb-2025) Current price- 2798 1st Scenario, (bearish move) "if Price stays below 2810, then next target is 2792, 2772 and 2762 and below that 2750" if price violates the 1st Scenario (i.e. close above 2810), then next target is 2820, 2825 and 2830. Then focus on 2830-2832 2nd Scenario, (bearish move) (once the price reach 2828-30), then we can open sell position and follow the below mentioned BIAS "if Price stays below 2845, then next target is 2820, 2810 and 2795. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
OANDA:XAUUSD
by AnupZiddi
10
Lingrid | GOLD Possible Pullback at Resistance LevelThe price perfectly fulfills my last idea. It hit the target. OANDA:XAUUSD market is currently forming a bullish flag pattern on the lower timeframes. However, upon examining the price action, it appears that the market is losing its bullish momentum. The price dipped below the previous resistance level, which could indicate a false breakout. On the daily timeframe, the last candle is a doji, suggesting indecision in the market. Given that we have high-impact news today, it’s possible that the price may experience significant spikes. I expect short term pulled from the resistance zone IF price presents sign of weakness at the resisatnce zone. My goal is support zone around 2790 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
25
Learn Supply and Demand Basics in Gold XAAUSD Trading In this article, we will discuss the basic principles of Smart Money Concepts in Gold trading. I will explain to you how Gold price relates to supply and demand on the market. What is a fair value and how to identify it. We will discuss a relation between a fair value and supply and demand and why is it so important to learn to recognize the imbalance. Gold Price First, let's briefly discuss how the price of Gold is valued . Gold price is determined by the basic economic principles of supply and demand. Supply is defined by the actions of the sellers and selling volumes. While a demand is defined by the activity of buyers and the volumes they wish to purchase. When supply exceeds demand, it leads to a decline in prices. Increased selling pressure leads to lower prices as sellers compete to attract buyers. Above, you can see how the excess of demand pushes Gold prices up rapidly. When demand exceeds supply, we see an increase in the price of the financial asset. In the example above, you can see how the excess of supply leads to a depreciation of a Gold price. Imbalance & Fair Value The excess of supply or demand on the market is also called an imbalance in Smart Money Concept trading SMC. The imbalance causes strong bullish or bearish movement on the market. However, such moves do not last forever. At some moment, reaching a particular price level, the market will stop growing or falling, and the market will find the equilibrium in supply and demand. Such an equilibrium is also called a fair value in SMC trading. On the chart above, Gold was growing rapidly. After reaching some price level, the growth stopped and the market found a fair value. Supply finally absorbed the excess of demand. Sideways Movement & Range When the market finds a fair value, it usually starts trading in sideways . The sideways movement forms a horizontal range - a horizontal parallel channel. Such ranges signify that the market participants agree about a current price of an asset. Above, you can see that after a strong up movement, Gold found a fair value and a consolidation within a horizontal range started. Fair Value Range When you spotted the range, you should remember that the market may stay within that for a very long period of time. The trigger that will make the market reassess the fair value is typically a some important fundamental factor, the surprising geopolitical or economic event that will create a new imbalance on the market. A strong signal that the market strives to find a new fair value is the breakout of one of the boundaries of the range. It is a signal of a violation of a current fair value. You can see that Gold found a fair value and was stuck for quite a long period within a wide horizontal range. Then, because of the release of significant US fundamental news, an imbalance occurred. Fair value range was violated, and the price found a new fair value higher. Trading Tips When the imbalance on the market occurs and it violates the fair value, the price tends to find a new fair value around significant liquidity zones. That is why it is so critical to pay attention to them. Also, the laws of supply and demand, imbalance and fair value work on any time frame and can be applied for any trading style. Learn to perceive a price chart from a Supply and Demand perspective in order to master Smart Money Concept trading strategy. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
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 ema5 and price play between two weighted levels with a gap above at 2800 and a gap below at 2772. We need ema5 to cross and lock above or below the weighted Goldturns 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 2800 EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET 2826 EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET 2852 BEARISH TARGETS 2772 EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE 2744 - 2712 EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE SWING RANGE 2685 - 2655 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
11