GOLD ROUTE MAP UPDATEHey Everyone,
PIPTASTIC finish to the week with our analysis playing out to perfection!!!!
EMA5 lock above 2400 opened 2423 and 2438, which was hit perfectly followed with ema5 lock above 2438 opening 2459 and 2475, which was also completed today to perfection and now followed with the perfect rejection!!!
BULLISH TARGETS
2400 - DONE
EMA5 CROSS AND LOCK ABOVE 2400 WILL OPEN THE FOLLOWING BULLISH TARGET
2423 - DONE
2438 - DONE
EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET
2459 - DONE
2475 - DONE
BEARISH TARGETS
2376 - DONE
We will now come back Sunday with our 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
Goldtradingsetup
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 4H chart idea, which has been playing out perfectly inline with our trading plans,
As shared at the beginning of the week; We had 2406, as an open gap above and 2383 open gap below.
- Both of these gaps were hit!!! The retracement zone provided the bounce for the push up hitting 2406. This followed with a ema5 cross and lock opening 2429, which was also hit perfectly. We then had 2429 cross and lock opening 2461, which was hit today completing this chart idea - BOOOOM!!!!
We are now seeing the rejection at 2461 and price is now heading towards 2429 for support. Support here and we are likely to see another 2461 re-test or a break and lock below 2429 will open 2406 for a test.
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 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
2406 - DONE
EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGET
2461 - DONE
BEARISH TARGETS
2383 - DONE
2360
EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE
SWING RANGE
2328 - 2302
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
GOLD ROUTE MAP UPDATEHey Everyone,
A great finish to the week with all our chart ideas playing out perfectly, as per our daily updates throughout the week.
Yesterday we advised that we got the test into 2380 weighted Goldturn support, after the rejection from the top. We also got the cross and lock below 2380 opening 2359, which was also hit perfectly. We then stated that we needed to see ema5 lock below 2359 to open the swing range or failure to lock below will see a reaction here.
- This played out perfectly once again with no lock below the 2359 weighted level, which followed with the rejection and reactional bounce into 2380 inline with our plans to buy dips!!
We will now need to track the movement level to level confirmed with cross and lock and knowing we have a gap above, helps with our plans to buy dips.
BULLISH TARGETS
2400 - DONE
2421 - DONE
BEARISH TARGETS
2380 - DONE
EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET
2359 - DONE
We will now come back Sunday with our 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
XAUUSD: 19/7 Today's Strategy and AnalysisGold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2430, support below 2400
Gold operation suggestions: The overall price of gold is suppressed and adjusted at the 2483 mark, and the daily level has continuously broken down to around 2400. Today's upper resistance continues to focus on the starting point of yesterday's US market decline near 2429. The intraday rebound relies on this position to continue to short and look for a decline. The lower target continues to look at the 2400 first-line support.
SELL: 2430near
SELL: 2420near
Technical analysis only provides trading direction!
Gold Thoughts 22-JUL-2024Hello everyone! Please find my GOLD market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader
Gold needs to be adjusted. Buy first, then sell.TVC:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1!
Yesterday, the U.S. dollar index recorded its largest daily gain since June 20, as the July Philadelphia Fed manufacturing index was significantly higher than expected, showing signs of a strong U.S. economy. At the same time, market expectations for a ceasefire agreement in the Middle East have increased, which has slightly suppressed demand for gold. Affected by this, the price of gold fell below the rising trend line and is now near the previous support line of 2420.
In the big direction, the price of gold has turned from a bullish trend to a bearish trend. This state will not change before new news or data affects it, so trading is mainly based on selling high.
From a technical perspective, the unilateral decline is particularly strong, but it cannot be sustained. Now the price has just stopped falling at 2420. I think it needs to rebound upward and adjust before continuing to fall.
Summary: There is a need for rebound adjustment after a big drop, and the strategy is to rise first and then fall.
XAUUSD: 1 HR View Possible Retrace at $2430Dear Traders,
Gold has been ranging between $2460 to $2470 indicating a major correction in the market. Although we already have a buying entry on daily timeframe idea. Our that idea remain valid this is a secondary approach on what could happen in today or tomorrow.
Good Luck!
XAU/USD 19 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
After BOS/iBOS price is expected to pullback.
Intraday expectation: Price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS which confirms swing pullback phase initiation.
After iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH.
CHoCH positioning is denoted with a blue dotted line on the inside bar candle.
We are currently trading within an internal high and fractal low.
Intraday expectation: Price to print bullish CHoCH to indicate bullish pullback phase initiation. Price to trade up to premium of 50% EQ or react at M15 POI before targeting weak internal low.
Alternative scenario: Price to print a lower low which would reposition CHoCH positioning closer to more recent price action.
M15 Chart:
Long gold price
The position of 2452-2448 is a strong support. From the trend point of view, it is a good position to go long.
Focus on the impact after the opening of the Asian market.
TVC:GOLD BINANCE:BTCUSDT.P MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! BINANCE:BTCUSDT NYMEX:WTI1!
Continuously analyze accurately for a month. Good at account management. The current market is exactly where I am good at trading. So you should not continue to be in a state of loss. Follow me. Guaranteed profits will not disappoint you.
XAUUSD: Buy on dip, target previous high and 2500From the 1H chart of gold, the current price is still above the trend line. Yesterday's bottoming action did not break the trend line, but stepped back to the support of the previous high of 2450 and then rose again.
My view remains unchanged. If the trend line is not broken, we will continue to be bullish. As long as it falls back, we can buy at the position.
It should be noted that the historical high of 2482 has not been broken twice, and there is indeed some selling pressure. Therefore, we can be conservative and set the target at 2480.
If the gold price still cannot break through the historical high next, we can change the strategy and sell near 2482.
Go long on gold prices. Wait for it to rise.
Yesterday, the high price was sold and the price dropped by about 12 dollars. The members who followed the short selling made a good profit.
Today, we will continue to go long on gold. The current price is around 2369. Trading in the market requires seizing the opportunity. Don't hesitate. When there is a suitable trading opportunity, you must act decisively to trade. Otherwise, your hesitation will lead to greater and greater losses, which will be irreversible.
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TVC:GOLD MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COINBASE:BTCUSD NYMEX:WTI1! MCX:CRUDEOIL1! TVC:DXY FX:GBPUSD BINANCE:BTCUSDT NYMEX:MCL1! COMEX_MINI:MGC1!
GOLD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are still in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price continue the retracement to fill the imbalance and then reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
XAUUSD: Pullbacks in an uptrend are buying opportunitiesTVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAUUSD
Our bullish signal at 2365 has reached the entry price, and we continue to maintain the bullish trend.
From the gold 1H chart, we can see that the current moving average continues to show a golden cross bullish upward momentum, and the price does not break the 2365 support level. As long as the next trend does not fall below the upward trend line, it will be a buying opportunity. The target continues to look at 2482 and 2500 points.
Now the main thing about doing gold trading is to judge the overall direction. If the direction is wrong, all efforts will be in vain. If the direction is right, you will make money no matter how you trade. The current gold rise is unstoppable, just go with the trend.
XAUUSD: New highs continue to be refreshed, buy on pullbacksAs I said yesterday, gold will continue to rise if it does not fall below the rising trend line, and there will be a callback demand in the short term. The gold price fell from 2442 to 2430 and began to break through strongly, reaching a new historical high of 2482.
Judging from the current market trend, my view remains unchanged. The rising trend line will continue to rise if it is not broken. Today we will wait for the callback to 2465 to buy, with the target of the previous high of 2482 and 2500 integer marks.
XAUUSD:16/7 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2450, support below 2370
Four-hour resistance 2450, support below 2411-2400
Gold operation suggestions: After gold broke through the high point yesterday, from the 4-hour analysis, today's lower support is still focused on today's low near 2420. Intraday pullbacks rely on this position to continue to be bullish. The short-term bullish strong dividing line focuses on the 2400 integer mark. The daily level stabilizes above this position and continues go long on dips
BUY:2420near SL2416
BUY:2411near SL2407
Technical analysis only provides trading direction!
Gold has a callback demand, the current price is SellAt present, gold is still rising from a big trend. If it cannot fall below the rising trend line, the gold price will continue its current upward momentum.
However, after yesterday and today's strong rise, gold has a short-term correction demand. Only a fall can have better room for growth. It should be understood that today it has risen by $20 from the bottom again. The gold price has deviated too far from the moving average, and the price has also come to yesterday's high point. There is obviously resistance here.
Therefore, you can choose to sell at a high level near 2440 first, and wait for the price to return to the trend line again, and then look for opportunities to buy, but there is an uncertain factor, that is, the US June retail sales monthly rate later needs to be closely watched.
Gold will be bought again to make money. Remember, I said it.
From the trend point of view, the gold price is still upward. Since last Wednesday, ADP, initial jobless claims, and non-farm data. Multiple US economic data news are good for gold. So gold rose sharply last week to above 2390. Here I congratulate the traders who follow the signal and continue to trade. Because you follow it. So you deserve to make a profit.
Judging from the news this week, gold has further possibilities. This week is the second week of July, so before the time for the interest rate cut in September comes, I think the market will prompt gold to digest it in advance. This is the first reason. The second point is that geopolitical conflicts continue to escalate. The possibility of war will continue to increase the price of gold.
Under the influence of these two news, it is only a matter of time for gold to rise. The operation is still mainly buying low.
At present, the focus is on buying at 2372. Aggressive friends can also buy small positions around 2377-2375. Enter the market in advance.
Many people like to refer to technical indicators, so I have something to say to those people: in the face of the influence of dominant news. Technical indicators, which are lagging references, are of little significance.
Keep paying attention. I hope everyone makes a good profit.
XAU/USD 16 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
I have previously mentioned on a few occasions that I was concerned that price has not pulled back deep enough into either discount of internal 50% EQ or tapped in to any POI's.
I also mentioned that price could be seeking further liquidity to fuel it's bearish pullback phase and that price could create a higher high to bring CHoCH positioning closer to current price action to allow for.
This is precisely what happened. Price has printed a higher high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line.
Intraday expectation: Allow price to continue it's bullish momentum as price could potentially print a further higher high which would bring CHoCH positioning even closer to current price action.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday expectation was not met with price breaching strong high printing a double bullish iBOS.
This was not unexpected H4 was continuing it's bullish leg.
After bullish iBOS price printed bearish CHoCH, traded down to discount of 50% EQ and reacted at M15 POI.
Intraday expectation: Technically, internal structure is bullish and price is obviously targeting weak internal high, therefore, price should print a bullish iBOS.
However, we need to remain mindful that H4 could initiate pullback at any moment, therefore, limiting M15 bullish momentum.
M15 Chart:
GOLD ( STABILIZING ABOVE FVG) ( 4H )HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price between 2,395 $ and 2,383 $ and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously can be breakout resistance level at 2,365$ , after stabilizing this level rising to 2,392$ , trying to retest at 2,350$ , after again rising to 2,424$ , know currently price at 2,412$ , my goal resistance level at 2,425 $ .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 2,425$ , second case price corrective a turning level inside FVG between 2,395$ and 2,383$ before rising .
SHORT CONDITION : if the price breaking FVG at 2,383$ by open 4h candle below this level reach a support level at 2,364$ , then stabilizing below this level reach a 2,337$ .
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL :2,425$ , 2,440$
SHORT CONDITION / SUPPORT LEVEL : 2,365$ , 2,337$
XAUUSD: high 2420Sell, target 2402The overall performance last week was good and the winning streak was maintained. I hope it can be continued this week.
Gold's opening performance today was average, and the upward trend was not as strong as last week. The short-term pressure of 2420 has been unable to break through many times. This is likely to be a signal of peaking. At the same time, the high head and shoulders structure can be clearly seen on the daily chart. This is a downtrend pattern.
Judging from (1H), it is currently in a high-level and wide-ranging state of shock, and now it has once again reached the pressure area of 2420, and is stagflation here again. Since it cannot break through, it will fall again. Therefore, I think we can sell near 2420, with the target set at the previous lows of 2402 and 2395.
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