Get started

Goldprediction

Gold Price Analysis November 20Fundamental Analysis Gold prices attracted some follow-through buying for the third consecutive day on Wednesday and rose to a one-and-a-half week high, around the $2,641-$2,642 region during the Asian session. Rising tensions between Russia and Ukraine continued to boost demand for traditional safe-haven assets, coupled with slowing US Dollar (USD) price action, acting as a bullish driver for the precious metal. That said, overnight comments from Russian and US officials helped ease market concerns about the onset of an all-out nuclear war, which was evident in the generally positive tone in equity markets. Additionally, a healthy rise in US Treasury yields favored USD bulls and warranted some caution before positioning for any further upside moves in Gold prices. Technical analysis The uptrend is clearly shown in the time frames and the important resistance level is at 2660-2662. Today's trading plan is mainly waiting for BUY signals when there are retest beats. Pay attention to the retest price zones noted on the chart to have a good trading strategy for yourself. Those are Fibonacci zones and also psychological zones that the market is respecting. 2622-2613-2597 are the zones to pay attention to.
OANDA:XAUUSD
by TVS-Trader
4
Gold Analysis November 19Fundamental Analysis Gold prices attracted some safe-haven flows after posting its biggest weekly decline in more than three years last week and snapped a six-day losing streak on Monday amid rising geopolitical tensions. In addition, falling US Treasury yields prompted some profit-taking in the US Dollar (USD) following its post-US election rally to fresh yearly highs and turned out to be another factor in favour of the non-yielding yellow metal. USD bulls remained on the defensive in Asian trade on Tuesday, supporting Gold’s further recovery from a two-month low touched last Thursday. Meanwhile, expectations that US President-elect Donald Trump’s policies will reignite inflationary pressures and limit the scope for further rate cuts by the Federal Reserve (Fed). This will keep US bond yields high and benefit USD speculators, which could limit XAU/USD Technical Analysis The technical resistance level of 2624 that Gold is facing will be very important in today's European trading session, the uptrend is relatively strong and there has not been much recovery in price. The 2595 zone is considered the target of all the downtrends today. The 2648-2650 zone is the main resistance zone today. In a strong uptrend, you should prioritize BUY signals at 2615 at old breakout points to have the best strategy for yourself.
OANDA:XAUUSD
by TVS-Trader
1
Gold Can Fall After Testing the Trendline Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
Gold Analysis==>>Bearish Bat Pattern!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,606-$2,584) and near the Resistance line and the Upper line of the Ascending Channel . It also seems that Gold can potentially form the 🦇Bearish Bat Harmonic Pattern🦇 . According to Elliott's wave theory, Gold seems to be completing the main wave 4 . The main wave 4 structure is a Zigzag correction(ABC) . I expect Gold to continue falling after breaking the Lower line of the Ascending Channel to the lower targets .👇 🎯 Targets of falling Gold : 🎯 First Target : $2,571 🎯 Second Target : $2,560 🎯 Third Target : Around $2,536 ⚠️Note: If Gold goes above $2,620, we can expect Gold to rise further.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour 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.
OANDA:XAUUSDShort
by pejman_zwin
10
Gold’s Got Drama: Is the Shine Fading? Let’s Dive In!🚨 Gold’s Got Drama: Is the Shine Fading? Let’s Dive In! 💰 1️⃣ Medium-Term Trendline: The OG Support! This trendline has been holding like your favorite pair of jeans—reliable and never letting you down. But here’s the tea ☕: the price has slipped below it and is now knocking on its door like, “Hey, can I come back in?” 🔑 Key Point: If the door slams shut (aka, the trendline holds as resistance), we’re looking at some spicy bearish action. Keep your eyes on this! 2️⃣ Price Making Higher Highs, But… 🎵 "The higher you climb, the harder you fall…" Gold’s been flexing with those higher highs, but the RSI isn’t buying it. It’s like Gold is posting gym selfies 📸 while secretly skipping leg day. The disconnect is real. ❗ Warning: When price says "up" but RSI says "nah," the universe is screaming reversal incoming. 3️⃣ RSI Bearish Divergence: Red Flag Alert 🚩 RSI is the wingman who sees the danger before you do. It’s whispering, “Bro, this trend is running on fumes.” Lower highs on the RSI + higher highs on price = the perfect cocktail for a pullback. 🍹 📉 Translation: Momentum is fizzling, and buyers are running out of juice. The bears might just be warming up. 🐻 4️⃣ Price Retesting the Trendline: Playing Hard to Get 😏 After breaking up with the trendline, the price is back, asking for a second chance. Will the trendline say, “No thanks, I’ve moved on” and reject it as resistance? 👋 💡 Pro Tip: If the price gets rejected here, it’s basically like Gold saying, “I’m tired of this relationship. I’m heading lower.” 5️⃣ Sell Big if It Breaches Again: The Money Shot 💥 If the price slips below the trendline again, it’s game on for the bears. That’s your signal to bring out the big guns—just don’t forget your stop-loss armor. ⚔️ 🚨 Action Plan: Sell below the trendline breakdown. Targets? Look for levels like $2,400 or lower. Keep stops tight above the retested trendline. Remember: trading isn’t a free-for-all. 🎯 TL;DR: Gold’s at a Crossroads ⚖️ This chart is giving all the signals of a potential reversal. 1️⃣ RSI divergence says momentum is tired. 😴 2️⃣ Price retesting the trendline screams, “Decision time!” 🕒 3️⃣ A breakdown could mean a juicy shorting opportunity. 📉 💥 Final Thoughts: Don’t YOLO into this trade. Wait for confirmation. Be disciplined. And as always, let’s bag those profits like a boss. 💼💸 What’s your move? Are you riding the bear train or waiting for Gold to prove it’s still got its shine? Let me know, and let’s crush it! 🚀
OANDA:XAUUSDShort
by EdgeDotForex
GOLD BUYS!!!Trade Description for Gold (XAU/USD) Trade Setup Summary - Instrument: Gold (XAU/USD) - Timeframe: 4-Hour Chart - Trade Direction: Bullish (Buy) Key Levels: 1. **Entry Zone**: - Planned within the **Golden Zone**, between **61.8%** ($2,946) and **78.6%** ($2,910) Fibonacci retracement levels. - This zone is identified as a high-probability area for a reversal based on Fibonacci principles. 2. **Stop Loss (SL)**: - Positioned just below the **78.6% Fibonacci level** at approximately **$2,910** to minimize risk if the price invalidates the setup. 3. **Take Profit (TP)**: - **TP1**: At the **0% Fibonacci retracement level** (~$3,043), corresponding to the nearest resistance level or the top of the previous range. - **TP2** (if applicable): Extended profit level, potentially aligned with Fibonacci extensions (e.g., -27.2% or -61.8% for continuation). Trade Logic: 1. **Fibonacci Confluence**: - The price has retraced into the golden zone, an area with strong historical significance for reversals. 2. **Trend Bias**: - The current market structure suggests a potential uptrend resumption after the pullback. 3. **Risk-to-Reward Ratio (R:R)**: - This setup offers a favorable R:R, targeting a large profit potential relative to the risk defined by the SL. 4. **Moving Averages**: - The 50 EMA (blue) and 200 EMA (orange) act as dynamic support/resistance. A price above 50 EMA could add confirmation. Market Considerations: - **Price Reaction**: Monitor price action closely within the golden zone. A bullish engulfing candle or breakout would provide further entry confirmation. - **Volume Analysis**: Increased volume on bullish candles will validate momentum strength. - **News & Fundamentals**: Watch for U.S. Dollar (USD) strength/weakness, Federal Reserve policy updates, or geopolitical risks, as these heavily influence gold prices.
EIGHTCAP:XAUUSDLong
by Sthesh_Don_Billiato
Gold’s Next Move: Short Trade Setup Amid Key RetracementGold has retraced to the 0.5 Fibonacci level within the cloud zone, trading above the 200 Moving Average (MA) on the 30-minute timeframe. While the smaller time frame shows a bullish structure, the higher time frame remains firmly bearish. This trade capitalizes on the short-term bullish momentum within the retracement phase, keeping the broader bearish trend in mind for risk management. Our approach is focused on capitalizing on the retracement for a short position while aligning with the overall bearish trend. If the price fails to hold key levels, a deeper bearish continuation is expected. Technical Analysis: • Retracement Level: Gold is at the 0.5 Fibonacci cloud level on the 30-minute chart. • Moving Average: Currently trading above the 200MA on the lower time frame, indicating temporary bullish momentum. • Higher Time Frame: Still bearish, reflecting a downtrend in the broader structure. • Recent Price Action: Gold surged 1.13% above the 200MA, then retraced into the cloud, testing support for the next move. • Trade Setup: Short-term bearish execution with targets aligned to the broader downtrend, capitalizing on the retracement level as an entry point while considering the smaller time frame’s temporary bullish momentum. Fundamental Overview: Gold prices rebounded in Asian trading, supported by easing US Treasury bond yields and a softer US Dollar. Geopolitical tensions between Russia and Ukraine and expectations of further stimulus measures from China provide additional support for gold. However, long-term concerns about US monetary policy and interest rate stability may weigh on the metal’s trajectory. Traders are closely monitoring signals from Federal Reserve policymakers regarding future rate hikes. Additionally, the market is cautious about potential ripple effects from Nvidia Inc.’s earnings on the broader sentiment. This trade takes advantage of the short-term bullish retracement on the lower time frame while staying aligned with the higher time frame’s bearish outlook. Proper risk management and vigilance toward key fundamental triggers remain essential. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
XAUUSD:Long and short trading strategy of the day Yesterday's gold rose all the way, the daily line closed the sun line, we can't deny that the market is always right. We are still insisting on bearism it directly V turned over, the main rising market has a number of reasons, one is the escalation of the situation in Russia and Ukraine, another is the strengthening of interest rate reduction expectations. The recent market is the elevator market straight up and down, yesterday's gold 2564 rose to 2614, and then again pulled up to 2623, up 60 points at present, short-term form and indicators have turned more, but the weekly line has not changed the big short, in the operation first follow the short long low, in the big pressure or to short, Now gold is a big rebound after the big fall, the weekly big V shape has not been formed. The daily sun will support today's long inertia rise, Asia and Europe period to find the opportunity to bear, if directly pulled up to 2642-2648 this weekly pressure can also be short, short - term back step waiting for more opportunities, 4 hours of strong support has been up to 2589 near, hourly support near 2603. This is the long point, now adjust your mind to follow it. Support 2603 and 2589, pressure 2629, strong pressure 2642-2648, disc strong and weak water line 2603.
TVC:GOLDLong
by Boooooob
Gold Price Analysis November 18Fundamental Analysis Gold extended its recovery to test $2,600 amid rising Russia-Ukraine tensions, ending a six-day losing streak. The latest gold rally could be due to rising Russia-Ukraine geopolitical tensions after the United States authorized Ukraine to use long-range US weapons to attack Russia. The greenback’s rally following Donald Trump’s election victory could put some selling pressure on USD-denominated gold. Expectations of higher inflation next year due to Donald Trump’s policies have led to fewer expected rate cuts. In addition, traders have reduced expectations of lower interest rates in December after Fed Chairman Jerome Powell said the US central bank would not rush to cut, citing “remarkable” economic performance. Higher interest rates tend to drag gold prices lower, as it makes holding non-yielding assets like gold less attractive. Technical analysis. Gold prices have reacted at the EMA 34 zone, which is also an important dynamic resistance zone in the Asian session. The price zone of special note today is 2617-2615 at the upper boundary and the Asian session breakout support zone this morning is around 2575. The possibility of an uptrend and the formation of wave 3 has also been established according to the technical chart, so BUY signals will be prioritized today.
OANDA:XAUUSD
by TVS-Trader
2
XAU/AUD "Gold vs Aussie" Market Money Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist HK50 XAU/AUD "Gold vs Aussie" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point. Stop Loss 🛑: Recent Swing High using 1h timeframe Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
PEPPERSTONE:XAUAUDShort
by Thief_Trader
The opportunity to break 2500 has arrived Last Friday's market was actually quite dull. Even with the support of retail data, I am not very interested in this data. I have never seen how much volatility it can cause to gold since I started the industry. In the end, it was only a high of 2577 and a low of 63. This volatility is not as good as the rapid decline of 2554. It is really embarrassing. It is obviously the market of Black Friday, but there has been no performance for two weeks. I have been looking forward to it in vain. The main reason is that I want to make another market with a drop of 40 US dollars on the same day. There is no way. I can't stop looking down just because there is no volatility, right? Just start again this week. And I am not surprised at all by the performance of the opening gap. The market has been like this in recent weeks. It's nothing more than the difference in the size of the gap. Everyone knows the reason. Whether it is the market sensitivity after the election or the reaction after the interest rate cut, it is normal to jump. Fortunately, the gap is not big today. Although the volatility is large, it will not be very extreme. Generally, when there is a jump market, I will tell you a few trading rules. This is my summary of many years of experience. The bigger the gap, the faster the market fluctuates. Don't rush to see the gap filling, because you don't know whether it will rise or fall first. The most stable way is to wait for the first fluctuation. Take this gap as an example. It is strictly forbidden to go short directly to see the gap filling at the first time, because you don't know the first wave of action. If it really fills up the first time, then you can go long at the low point after the filling. On the contrary, it rebounds upward at the first time, then you look for high point pressure to see it fill the decline. Not to mention that this approach is 100% correct, but I usually operate the transaction in this way when facing a gap. The characteristic of the gap market is that the initial fluctuation speed and amplitude are large. Don't make any chasing orders, let alone think that you will miss something. Moreover, if the first wave of gold fills down or falls a little, it is likely to rebound upwards, which is not friendly to my bearish perspective. On the contrary, the first upward movement is what makes me happy. I have already made a short order near 92, just to see it fill the gap 2565 later. At least 30 US dollars of space can be taken. Moreover, after the gap is filled, it is not impossible to look lower, but this should be the US market or tomorrow. It is known that the support of the low point of gold fluctuation is near 2555. I also need to see whether gold will spit back to this position. What needs to be determined now is whether gold will start to adjust upward or turn to the adjustment downward mode. This is the only controversy in the market and the focus of long and short trading this week. What can be determined is that the last wave of emotional selling from 2790 to 2536 has ended. Will the second wave of adjustment of more than 250 US dollars occur? Where will it happen? How low can it fall after it happens? I emphasize again that 2790 to 2536 is the same wave of decline, because the speed and scale are almost the same, there is no need to separate the decline of more than 200 US dollars. I originally thought that the bottom this time would be the same as the last time at 2590. Note that the sideways fluctuation at the upper end of the triangle below is the same as the rhythm of last Friday. The tail did not touch the previous low of 2643, and it has already started a weak decline. This is why I will go short near 2570 on Friday. The bifurcation line also has the pressure guidance of this point, and it has not touched the top and bottom conversion position of 2590. Then let's see the continued decline. It has been falling for a week, right? You want me to see a big reversal on the last day, that's impossible. The direct surge in the morning was a bit unexpected to me, but it is not unacceptable, because the overall downward structure is still there, that is, the equidistant channel. I told members before that if there is a rise and pullback, we can still seek another high-altitude opportunity below 2600. Don’t you all dislike the feeling of being bearish at low levels? If this is the case, you will have the opportunity to trade at a high altitude. Look, it is here, perfect. The previous top and bottom conversion position is 92. It is possible to do it without saying much. Secondly, there is a retracement of 2602 above. The cost performance of bearish trading is very high. At the same time, you can also see the gap filling 2565 at the first time. Of course, since it can fluctuate at the bottom of the cycle, the possibility of bottoming out cannot be ruled out. This is something that bulls need to study and recognize. I will not describe it too much here. Your trading position must be firm. And confirm that the upward position of gold adjustment is 2620 and 2643 above. I will naturally deal with it at that time. I don’t know what kind of falling pattern it will be if it really falls again this time. Its journey will definitely not be smooth sailing according to conventional fluctuations. For example, 2555 or 2530 below are also prices that need to be challenged. Whether it is repeated or oscillating, as long as it goes down, I will definitely catch this wave of market. You can also see the price after the deep break, which is probably around 2480.
TVC:GOLDShort
by Yuliya1l11
3
GBPUSD analysis week 47🌐Fundamental Analysis UK employment figures largely beat expectations, but wage growth fueled inflation concerns. While jobless claims were lower than forecast, the number of people claiming unemployment benefits still rose from the previous month's revised figure. The Bank of England's (BoE) latest Monetary Policy Report is due out on Wednesday morning, and investors will be looking for hints on how the BoE plans to deal with the unbalanced UK economy that continues to struggle with inflation numbers. On the US side, key CPI inflation figures are due to hit the market. Headline CPI inflation is expected to have edged higher to 2.6% year-on-year from September's 2.4%. Core CPI inflation is expected to have held steady at 3.3% year-on-year. The monthly figures for both inflation are generally expected to remain unchanged from the previous month. 🕯Technical Analysis The downtrend is still showing no signs of stopping for GBPUSD. The next important support zone that the pair is aiming for is 1.2470, which is the old bottom area that saw strong price reaction from buyers in May. Besides, the possibility that the pair will still stick to the trendline and fall to this support zone, when the buying force is strong enough to break the trendline, the market will also turn around. Hopefully, the bullish waves can break the trendline and form an uptrend towards the resistance of 1.271-1.277-1.286. 📉📈Trading signals BUY GBPUSD 1.247-1.245 Stoploss 1.243 SELL GBPUSD 1.271-1.273 Stoploss 1.276
by TVS-Trader
Gold prices have experienced significant fluctuations from 1998 Gold prices have experienced significant fluctuations from 1998 to 2024, influenced by various economic, geopolitical, and market factors. 1. Continuous Rise (1998 to Mid-2012) Economic Uncertainties: The late 1990s and early 2000s witnessed financial crises, including the Asian financial crisis (1997) and the dot-com bubble burst (2000), leading investors to seek safe-haven assets like gold. 2008 Financial Crisis: The global financial meltdown led to unprecedented monetary policies, such as quantitative easing, which increased money supply and raised inflation concerns, boosting gold's appeal. Currency Fluctuations: A weakening U.S. dollar during this period made gold more attractive to investors holding other currencies, contributing to its price increase. Geopolitical Tensions: Events like the Iraq War (2003) and the European sovereign debt crisis (2010-2012) heightened geopolitical risks, prompting investors to turn to gold as a safe-haven asset. 2. Decline and Stabilization (Mid-2012 to 2020) Monetary Policy Shifts: The Federal Reserve's tapering of quantitative easing in 2013 signaled a move towards monetary policy normalization, strengthening the U.S. dollar and reducing gold's appeal. Reduced Inflation Fears: Lower inflation rates during this period diminished gold's attractiveness as an inflation hedge. Improved Economic Conditions: Recovery in global economies and stock markets led investors to shift towards higher-yielding assets, decreasing demand for gold. 3. Sudden Rise (2020 to 2021) COVID-19 Pandemic: The pandemic induced economic uncertainty, leading to massive fiscal and monetary stimulus measures, which raised inflation concerns and boosted gold prices. Record Low Interest Rates: Central banks worldwide slashed interest rates to support economies, reducing the opportunity cost of holding non-yielding assets like gold. Safe-Haven Demand: Investors flocked to gold amid fears of prolonged economic downturns and market volatility. 4. Stabilization and Recent Rise (2021 to 2024) Economic Recovery: Post-pandemic recovery led to stabilization in gold prices as investors balanced optimism with lingering uncertainties. Inflation Concerns: Persistent inflationary pressures in 2023 and 2024 renewed interest in gold as a hedge against rising prices. Geopolitical Tensions: Ongoing geopolitical issues, such as the Russia-Ukraine conflict and U.S.-China trade tensions, have sustained gold's appeal as a safe-haven asset. Expected Price Movement for Gold Until 2030 Based on historical patterns and economic conditions, the outlook for gold prices until 2030. (Note that these projections are speculative and depend on various global factors). 1. Short-Term (2024-2025) Expected Range: $2,400 to $2,700 per ounce. Reasons: Persistent inflation concerns globally, especially in the U.S. and Europe. Geopolitical risks like the Russia-Ukraine conflict, Middle East tensions, and potential escalations in Asia-Pacific. Central banks, particularly in emerging markets, are likely to increase gold reserves, sustaining demand. Slower economic growth in major economies (e.g., U.S., China) could drive gold as a safe haven. 2. Mid-Term (2025-2027) Expected Range: $2,700 to $3,000 per ounce. Reasons: As the global economy slows and fiscal policies tighten, gold demand may increase as a hedge against economic instability. U.S. debt concerns might weigh on the U.S. dollar, driving gold prices higher. A potential return to low interest rates due to recession fears would reduce the opportunity cost of holding gold. Growing demand from central banks in emerging economies like India, China, and Brazil will sustain upward momentum. 3. Long-Term (2028-2030) Expected Range: $3,000 to $3,500 per ounce. Reasons: Increased global adoption of de-dollarization policies (e.g., BRICS countries moving away from USD-based trade) could further weaken the dollar, boosting gold. Environmental and mining constraints could limit gold supply, pushing prices higher. Technological developments may create new industrial demand for gold in fields like electronics or renewable energy. Geopolitical risks and changing global power dynamics might elevate gold as a strategic reserve.
PEPPERSTONE:XAUUSDLong
by Mohamed_Kabesh
2
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 2574 and a gap below at 2551. 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 2574 EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET 2599 EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET 2622 BEARISH TARGETS 2551 EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET 2525 EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE 2638 SWING RANGE 2506 - 2484 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
13
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 2570 and a gap below at 2519, 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 2570 EMA5 CROSS AND LOCK ABOVE 2570 WILL OPEN THE FOLLOWING BULLISH TARGET 2611 EMA5 CROSS AND LOCK ABOVE 2611 WILL OPEN THE FOLLOWING BULLISH TARGET 2654 EMA5 CROSS AND LOCK ABOVE 2654 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 BEARISH TARGETS 2519 EMA5 CROSS AND LOCK BELOW 2519 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2487 - 2450 EMA5 CROSS AND LOCK BELOW 2450 WILL OPEN THE SWING RANGE SWING RANGE 2411 - 2368 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