Goldsignals
XAUUSD Take Profit Hit!Hello guys Yesterday, I conducted a thorough analysis of gold, and it's performing exceptionally well according to my predictions. Currently, my take-profit points, which were set at over 80 pips, are being realized as the trade runs in profit.
I hope each one of you is experiencing similar success in your trading endeavors. Remember, diligence and strategic analysis can lead to remarkable outcomes in the volatile world of trading.
XAUUSD amazing trade idea!Hello my lovely peoples I hope you guys are doing great so here is my idea on gold If the candle body closes above 2179 so I see a good potential buy till 2188 which is 80 pips and if the candle body closes below 2173 so I am seeing a potential sell and the target would be 2163 which is 100 pips let's see how this analysis work out hope for the best and make some good money here.
🥇Gold🥇 Waiting for Correction✅As I expected, the Gold (sniper) touched the 🎯 Target 🎯 of the previous posts .
🌊According to the theory of Elliot waves , it seems that Gold has succeeded in completing the main wave 5 and now we have to wait for correction waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to continue its downward trend to the Support line and the Fibonacci levels (38.2% and 50%) .
Gold Analyze ( XAUUSD ), 4-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.
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GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another piptastic day on the charts today with our chart idea playing out perfectly
Yesterday we got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 of which both were hit. We then advised we were looking for support above 2167 for a continuation and retest on the levels above until we see a lock above 2181.
- This played out perfectly with support above 2167, as advised; followed with the retest at 2181 and cross and lock confirmation opening 2191 and 2197, which were both hit perfectly!!!! This was true level to level execution
After hitting 2197 final target on this chart we saw a perfect rejection back into the range and re-activating the levels to use.
We will continue with our plans to buy dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. Please also refer to our 4H chart ideas for further targets and activations.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2167 - DONE
EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175 - DONE
2181 - DONE
EMA5 CROSS AND LOCK ABOVE 2181 WILL OPEN
2191 - DONE
2197 - DONE
BEARISH TARGETS
2158
EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE
2148
EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE
SWING RANGE
2138 - 2125
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Gold is under downward pressure because the USD is at a higlevelGold prices at the beginning of the trading session on March 26 (US time) increased again after a deep decline last week, due to the slight weakening of the USD. However, according to analysts, in reality, the strength of the USD is at a high level, causing gold to be under a lot of downward pressure, posing many risks.
Specifically, senior market analyst Lukman Otunuga of FXTM said that after rising to an all-time high last week, gold prices are under a lot of pressure and will likely decrease in the near future. due to the increasing strength of the USD.
CEO Marc Chandler of Bannockburn Global Forex also said that the USD is increasing in strength, along with the increase in bond yields, which means gold prices will decrease.
Similarly, VR Metals/Resource Letter expert Mark Leibovit predicts that USD strength will push gold lower in the next few days.
Meanwhile, market strategist Colin Cieszynski at SIA Wealth Management gave a neutral view on gold prices. According to this expert, gold has had great fluctuations recently and it is likely that this precious metal will consolidate in the coming days.
GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Great start to the week with our chart idea off to a flying start!!!
We got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 - Both these targets were hit perfectly after the confirmation.
We will ow look for support above 2167 for a continuation and retest on the levels above until we see a lock above 2181. However, failure to support above 2167 will see the 2158 support gap filled and a break and lock below 2158 will open the retracement 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2167 - DONE
EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175 - DONE
2181 - DOME
BEARISH TARGETS
2158
EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE
2148
EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE
SWING RANGE
2138 - 2125
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
GOLD Prices Rebound Amidst Dollar Weakness: Trading OpportunityGold prices surged to nearly $2,176 per troy ounce during the EU session, recovering losses from the past two trading sessions. The uptick in gold prices can be attributed to a weakening US Dollar (USD), influenced by the dovish sentiment surrounding the Federal Reserve's stance on interest rate trajectory.
Traders are eyeing the opportunity to set two limit orders in a higher supply area, anticipating a potential reversal and deeper retracement in price.
Recent indications from Fed policymakers suggest their continued intention to reduce interest rates by three-quarters of a percentage point by the end of 2024, despite recent high inflation readings. This has further bolstered gold prices.
However, the decline in US yields signals a shift in investor sentiment towards US Treasury bonds, potentially posing a challenge for non-yielding assets like gold. With the 2-year and 10-year yields on US Treasury bonds holding steady at 4.60% and 4.21%, respectively, investors may find bonds more attractive in terms of safety and stability compared to gold.
The upcoming US inflation readings, including the release of Gross Domestic Product (GDP) data for the fourth quarter of 2023 and the Personal Consumption Expenditures (PCE) price index report, are expected to significantly impact gold prices. These indicators will provide insights into inflationary pressures, influencing gold prices accordingly.
Traders are poised to capitalize on potential price reversals, leveraging the current market conditions.
GOLD-Analysis for this week and today
Focus on this week
On Monday, the annualized total of U.S. new home sales in February, the Dallas Fed business activity index, and a speech by Fed Governor Lisa Cook
On Tuesday, the monthly rate of the U.S. house price index, the annual rate of the house price index of 20 major cities, the Conference Board consumer confidence index, and the Richmond Fed manufacturing index
On Wednesday, U.S. API crude oil inventories, EIA crude oil inventories
On Thursday, Fed Governor Waller spoke, the number of initial jobless claims in the United States for the week, the core PCE quarterly rate in the fourth quarter of the United States, the final annualized quarterly rate of GDP, the final quarterly rate of personal consumption expenditures, Chicago PMI in March, University of Michigan Final value of consumer confidence index, March-year inflation rate expectations, U.S. existing home contracted sales index monthly rate in February
Friday, US February PCE data, February personal spending monthly rate, Fed Chairman Powell’s speech
Markets in most European and American countries will be closed this Friday (March 29) due to Good Friday and Easter.
The terrorist incident in Russia over the weekend caused gold to reach around 2178 today. Since the Federal Reserve announced its interest rate decision last week and before the Federal Reserve speculates on whether to cut interest rates in the next cycle, the market has digested the bullish sentiment in gold. 2222 may be the highest target for this wave of gold rises. , therefore, it is very likely that it will fluctuate at a high level from April to June, or it will fall unilaterally.
Since gold fell from 2222 to 2156, this wave of gold decline has room for 66 US dollars. Now it can be confirmed that gold is no longer in a very strong state since last week. It is unlikely to continue to rise unilaterally, but there is no direct decline at present. , this week we need to pay attention to whether the 2145 top-bottom transition point will fall below
Today we are still trading within the range. The large range is still 2156-2185, and the small range is 2162-2180. If we cannot break through 2200, 2195 is also a strong resistance point.
The above range is for your reference. You can buy low and sell high in the above range, reasonably control the position, set SL, and focus on the strength of the 2145 support point and the 2195 resistance point.
Join me, follow my trading strategies, and learn how to trade reasonably
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly over the last few months.
Last update we saw ema5 lock inside the channel and level to level all the way into the channel top completing the channel with a perfect finish respecting the channel top to perfection.
We then highlighted that we are now likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to 2205 and 2237 long term.
- This is currently playing out perfectly, as we saw the rejection and play into the retracement area for the correction, inline with the channel half-line support, which we expect some support for a bounce and then continuation onto channel top. Failure to support above and a break and lock below the channel half line will see price look for support at the lower range of the channel bottom before we see the bounce back into the channel half line.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.
So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.
Last week we advised we were seeing the channel half line break with two weekly candle close above the half line with a long term gap open to 2199. However, we have a correctional retracement level at 2137 inline with the channel half line for a correction and potential support. We need to also keep in mind there is a ema5 detachment just below the half-line highlighted with a circle that may attach if any news drives momentum below the correction.
- We got the target at 2199 perfectly followed with the retracement last week into the channel half line, as suggested, just short of 2137 and ema5 detachment.
We are now looking for support above 2137 or a break and lock below to open the lower half of the channel.
We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Sticking to The Plan! 🏆
The structure support that we spotted earlier on Gold
remains respected and we saw a strong bullish movement from that this week.
Feels like this bullish spike is just a manipulation.
Next week, we will most likely see a test of an underlined blue support one more time.
As I previously said, its bearish breakout will be an important event
that will signify the initiation of a correction movement.
Daily candle close below that will confirm a violation.
A bearish continuation will be anticipated to 2090 support then.
❤️Please, support my work with like, thank you!❤️
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another great finish to the week with all our multi timeframe chart ideas playing out perfectly hitting all our targets
Yesterday we completed our bullish targets 2190 and 2206 after confirmation lock of EMA5 above 2171. We then highlighted that failure to now lock above 2206 will follow with the rejection into 2171 and a break below to then 2151.
This has truly played out perfectly once again in true level to level fashion, allowing us to track and trade the movement up and own.
BULLISH TARGETS
2171 - DONE
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190 - DONE
2206 - DONE
Once again we will now come back Sunday with our multi time analysis, gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!!
Mr Gold
GoldViewFX
Xauusd confirm buy signal Gold price edges lower on Friday amid some follow-through US Dollar buying interest. The Fed’s projected three rate cuts in 2024 will likely cap the USD and limit losses for the metal. Traders look forward to Fed Chair Jerome Powell’s speech for short-term opportunities.
Gold now buy 2169
Target 2173
Target 2180
Target 2200
SL 2155
DeGRAM | GOLD channel breakingGOLD is going down in an ascending channel. However, the price dropped from the resistance level into the consolidation zone.
The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level.
We expect a bearish move to retest the support and fibo 78.6% fibo level.
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
GOLD 4H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Absolutely amazing finish on this chart idea!!!
We posted this chart idea last Sunday with our Bullish targets all the way into 2206.
We had the 2151 test earlier this week for support, as highlighted on the chart with no cross and lock below confirming the rejection for the bounce into 2171 weighted Goldlturn. Ema5 then gave us the cross and lock above 2171 confirming 2190 and 2206 , which was hit perfectly completing this chart idea.
Failure to now lock above 2206 confirmed the rejection into 2171 now acting, as support. If we see ema5 lock below 2171, we will see 2151 retest and failure to lock below 2171 will see another retest above at 2190.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2171 - DONE
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190 - DONE
2206 - DONE
BEARISH RETRACEMENT TARGETS
2151 - DONE
EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE
SWING RANGE
2101 - 2078
EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2052 - 2042
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Gold short Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
From a technical perspective, the overnight strong positive move confirmed a breakout through a bullish flag chart pattern and validated the positive outlook for the Gold price. That said, the Relative Strength Index (RSI) has moved back above the 70 mark, making it prudent to wait for some near-term consolidation or a modest pullback before traders start positioning for any further appreciating move. Nevertheless, the broader setup supports prospects for an extension of the recent well-established strong uptrend witnessed over the past month or so.
Gold now buy 2205
Target 2210
Target 2220
Target 2225
Target 2230
SL 2190
XAUUSD Starting a new Mega Cycle. One last pull-back in order?Two weeks ago (March 07 2024, see chart below) we explored the possibility of Gold (XAUUSD) starting a new cyclical Mega Rally on the 1W time-frame after the recent bounce on the 1W MA50 (blue trend-line):
This has turned out to be the reality as Gold closed a 1W candle above the Resistance Zone. That is the first signal of the start of the new Mega Cycle and it will get confirmed if the price closes a 1M candle above the Resistance Zone in 10 days time, which is at 2150. If not, one final test of the 1W MA50 before a new All Time High (ATH), may be in order.
Until then, we need to consider the implications shown on the 1D time-frame, where the dominant pattern is a Channel Up. As you can see, the current Bullish Leg has so far repeating the previous one very closely and we are at the (blue) Channel Up stage that may price the new Higher High near the 1.382 Fibonacci extension from the previous High. The 1D MACD invalidating a Bullish Cross, confirms that we may be in a similar situation as on April 04 2023.
As long the 2145 Support holds, we expect 2260 as a Higher High, which should of course close the 1M candle above the Resistance Zone, indicating that the new cyclical Mega Rally may start earlier, without a 1W MA50 (red trend-line) pull-back.
If however the 2145 Support breaks, the above gets invalidated and we will have a sell confirmation. In that case, we will turn bearish, targeting the 1W MA50 and 1D MA200 (orange trend-line) on the Internal Higher Lows trend-line (as on June 29 2023) with 2035 as our Target.
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DeGRAM | GOLD bullish momentumGOLD is currently trading in an ascending channel, making higher highs.
It broke and closed above the resistance level, creating all-time highs.
The market is currently consolidating following the bullish move.
We anticipate a 50% pullback to the support level and a trend continuation.
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