Gold down move read the caption Gold trades higher around $2,020 on investor caution
Gold price continues to move on an upward trajectory, trading higher around $2,020. The precious metal receives upward support from cautious investor sentiment amid speculation about the Fed's interest rate policy.
Gold 1 target 2010
Gold 2 target 2000
Gold 3 target 1994
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Goldsignals
🥇Gold🥇 is Ready to Go UP🚀🏃♂️Gold is moving in the 🔴 Resistance zone($2,010_$2,001) 🔴.
✅It also seems to have broken the Resistance lines .
🔔I expect Gold to at least touch the upper Resistance lines after breaking the 🔴 Resistance zone($2,010_$2,001) 🔴.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD (4H): Short to 100% fibon 1972.500.Dear colleagues the price made a strong
impulse downward and reached the level of
1989. I assume that this is not the end of
The move and the price will reach the area of
100% Fibonacci extension level 1972.500. l
suppose that this movement is a corrective
movement in three waves.Aftar reaching the
target, I will redraw the waves
Manege your capiy correctly and
Competently! Only enter trades based on
reliable patterns
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Xauusd sellGold trades higher around $2,020 on investor caution
Gold price continues to move on an upward trajectory, trading higher around $2,020. The precious metal receives upward support from cautious investor sentiment amid speculation about the Fed's interest rate policy.
Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.
The price of Gold surged as the US Dollar depreciated on San Francisco Federal Reserve (Fed) President Mary C. Daly’s remarks at the Annual National Association for Business Economics Economic Policy Conference. She stated that three rate cuts are a reasonable baseline for 2024. Daly emphasized that it's premature to consider allowing the economy to run without intervention. Additionally, former Fed official James Bullard's suggestion that the Fed should consider lowering interest rates at the March meeting to prevent hindering economic activity due to higher rates is contributing to market sentiment.
XAUUSD WTH happened at open?! Good morning gold gang i hope you are all well and had a great weekend .. its back to work time!
What happened at open? some crrazy spike by the look of it?! cant see anything in the news .. just a 100 pip jump down before a push up in asian session.
Right now we are at my optimum selling algo just waiting on confirmation to sell down to a decent buy zone as it looks like we may be in for a bullish week!
note down the algo levels on your charts gang .. bank holiday in USA today so not much volume in the afternoon session .. be aware!
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tommy
GOLD 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between support 2010 Goldturn and resistance at 2016 Goldlturn for a test and break on either Goldturn to confirm the next level.
We have resistance at 2016 for a immediate bullish target and 2010, as our bearish level target. We will see price range between these levels until one breaks and locks to confirm the next level.
A bearish test to support at 2010 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a test at 2016, 2021 and 2026 Goldturn. A cross and lock above 2026 will open the range 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 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
2016
EMA5 CROSS AND LOCK ABOVE 2016 WILL OPEN THE FOLLOWING BULLISH TARGET
2021
2026
EMA5 CROSS AND LOCK ABOVE 2026 WILL OPEN THE FOLLOWING BULLISH TARGET
2031
2037
BEARISH TARGETS
2010
2004
EMA5 CROSS AND LOCK BELOW 2004 WILL OPEN THE SWING RANGE
SWING RANGE
1996 - 1989
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 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price break 2011 but EMA5 is lagging behind. Although we have open target now at 2022, we will need to see ema5 cross and lock above 2011 to open the full range 2022 and 2033.
We have support now at 2011, and our bearish retracement zone at 1999 and 1992. We will need to see ema5 cross and lock below 1999 to open the swing range.
However, support above the retracement range will likely provide the bounce to retest 2011.
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
2022
EMA5 CROSS AND LOCK ABOVE 2011 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2033
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2052
POTENTIALLY 2065
BEARISH TARGETS
2011
1999
1992
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE
SWING RANGE
1978
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 DAILY CHART MID TERM PROJECTIONHey Everyone,
Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting the channel dynamics perfectly.
Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into the channel bottom.
- This played out perfectly with No ema5 cross above 2043 confirming a new Goldlturn below for the rejection into the channel bottom.
We then stated that we are seeing price at support for a bounce or we will need to see ema5 cross below the channel bottom to open 1998 Goldturn test
- This played out perfectly with the ema5 cross and lock below the channel bottom opening 1998, which was hit last week. EMA5 has not crossed below 1998, which is providing the support now for the bounce.
If this support holds we are likely to see a test at 2043 to re - enter the channel dynamics. Failure to test and break the channel again will likely see another dip down keeping in mind we have ma200 sitting below for a long range dynamic support.
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 BEARS ARE ANGRY MORE DOWNSIDE !!!HELLO TRADERS!
GOLD is now trading in down trend and dollar is showing some strength as we can see Higer CPI and PPI with good Job Data outcome in previous week will makes Dollar more Strong incoming days so we have to plan that bearish trend will continue to Gold trading Friends its very simple view on chart that Gold is respecting the down trend line and in this week FOMC MEETING ahead which is giving us a hint that the inflation is staying at higher so rate cuts bet is on the track too which is not possible in Q1 also united nation Today VOTE on ceasefire in GAZA and Ukraine also withdraws from Advika, Putin hails 'important victory' friends we always follow the trend this is just a trade idea share your thoughts with us in comment we appreciate Ur love and support it help many new traders ..
STAY TUNED!
for more updates ..
GOLD (XAUUSD) Testing Supply Zone! What is Next?🥇
Gold is recovering after a strong bearish movement.
The price is currently testing an expanding supply area.
I believe that we will see a bearish movement soon.
The first goal for the sellers will be a retest of a local low 1992.
The second target will be 1980 major support.
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GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
PIPTASTIC finish to the week completing our chart idea!!!
Yesterday we stated that we had the break above 1999 opening 2007 and 2010.
- Both these targets were hit with plenty of time to get in for the action, inline with our plans to buy dips.
We will now come back Sunday with our multi timeframe analysis, Gold route map and trading plans for the caning week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend with family and loved ones!!
Mr Gold
GoldViewFX
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | GOLD buying opportunity from confluence levelGOLD broke out of the ascending channel, printing the AB=CD pattern, or equal-measured move, and a bullish harmonic pattern.
The D point is complete right at the confluence level, support level, and 88.6% ffibo level.
We expect to buy opportunities at the support level and retest the resistance level.
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