XAUUSD Last Bearish Leg for a February bottom.Gold (XAUUSD) has dropped again below the 1D MA50 (blue trend-line) and contrary to our last short-term signal (February 07, see chart below), we look today on a longer term monthly basis on the 1D time-frame:
As long as the price stays below the 1D MA50, it is very likely to see the current rejection transition into a Bearish Leg for the whole month of February and test the strong long-term Support cluster of the 0.382 Fibonacci level, Support 1 and the 1W MA50 (green trend-line).
This pattern expectation emerges due to the similarities of the current price action with what led and followed the May 04 2023 High. The 1D RSI in particular between the two sequences are identical and suggests that we might be on a Bearish Leg similar to June's 2023, which bottomed on a double Low on the Support Zone.
Our Target is therefore 1983 (0.382 Fibonacci). It's worth mentioning that all 1W MAs were Supports in the past 12 months, the 1W MA200 (red trend-line) on the October 06 2023 Low and the 1W MA100 (yellow trend-line) on the February 28 2023 Low. That makes the 1W MA50 very relevant.
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Goldsignals
DeGRAM | GOLD channel breakingGOLD is moving sideways at the ascending channel border. Bulls are unable to push the pruce higher.
The market is most likely to break the channel and go down to the support level. If price action consolidates near the level, it means the market is preparing for a breakout.
We expect a breakout of the support and possibly a complete AB=CD move.
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Gold- Bulls are holding strong
As anticipated, XauUsd dropped below the 2020 mark yesterday. However, the price lacked continuation and rebounded from the 2012 zone, which is now serving as a support level.
As of the current moment, the price of Gold has returned to its familiar range, hovering around 2025.
Looking ahead, a break above 2030 would finally confirm that a low is in place and could potentially expose the 2065 resistance zone. This breakout would mark a significant shift in the market dynamics, potentially indicating further upward momentum for Gold. Traders should closely monitor price movements around these key levels for potential trading opportunities and trend developments.
XAUUSD Perfect analysis again. What's next? good evening gold gang, wow what an amazing analysis catching big moves today on gold. Pin point perfection. Gold gang eating good
We need to avoid the range highlighted in the box .. its rough. Leave it until it breaks out!
Im still favouring bearish action currently so id like to see closures down below the 2012 .. im gonna wait till we get down there before making that decision.
If it flips and we turn bullish .. ive got to see the price coming up to 2031 area .. it just gives more confluence.
Bounces are in play but not in the current range .. its been used way too many times
Lets continue the momentum tomorrow and catch some more big moves ... i cant wait!!
follow along! don't miss out
tommy
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
We hit the ground running with our first open target at 2027 HIT. Ema5 then failed to cross and lock above the 2027 weighted level confirming the rejection into the retracement range, also hitting both bearish targets at 2020 and 2016.
EMA5 crossed and locked below 2020 opening the swing range. We got the push down into the swing range but didn't quite complete the full swing range target but gave the swing back into 2020 perfectly inline with our plans to buy dips.
We will now look for ema5 to cross and lock above 2020 to open the re-test at 2027. Failure to break this range will see another dip keeping in mind the swing range levels for the bounces.
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
2027 - DONE
EMA5 CROSS AND LOCK ABOVE 2027 WILL OPEN THE FOLLOWING BULLISH TARGET
2032
2037
EMA5 CROSS AND LOCK ABOVE 2037 WILL OPEN THE FOLLOWING BULLISH TARGET
2040
2044
POTENTIALLY 2048
BEARISH TARGETS
2020 - DONE
2016 - DONE
EMA5 CROSS AND LOCK BELOW 2020 WILL OPEN THE SWING RANGE
SWING RANGE
2010 - 2007
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!
GoldViewFX
Mr Gold
XAUUSD Clear sells below this price level .. Good evening gold gang!! its that time again where we prepare to dismantle the gold chart once again
Price is overall messy .. very messy ... its playing around the daily level of 2016.23 with mutliple tests .. in my opinion we can break this and shift bearish for the bias.
we would need a 4h closure below it to confirm.
Buys are difficult in the range other than algo bounce buys that are marked on the charts
LEts let the candles play out at the open and decide fully in london as usual on a monday
heres to a good week!! im looking forward to it already
follow and like this post!! it helps me out
catch you in london
tommy
XAUUSD Top-down analysisHello 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 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 2020 and resistance 2027 two weighted levels for a test and break on either Goldturn to confirm the next level.
We have resistance at 2027 for a immediate bullish target and 2020, as our bearish level target. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2020 and a break and lock below this level will open the swing range. However, support above here and we are likely to see a test at 2027, 2032 and 2037 Goldturn. A cross and lock above 2037 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
2027
EMA5 CROSS AND LOCK ABOVE 2027 WILL OPEN THE FOLLOWING BULLISH TARGET
2032
2037
EMA5 CROSS AND LOCK ABOVE 2037 WILL OPEN THE FOLLOWING BULLISH TARGET
2040
2044
POTENTIALLY 2048
BEARISH TARGETS
2020
2016
EMA5 CROSS AND LOCK BELOW 2020 WILL OPEN THE SWING RANGE
SWING RANGE
2010 - 2007
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!
GoldViewFX
Mr Gold
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 play between two weighted levels with 2017 support and 2028, as resistance open for a test.
We have resistance Bullish target at 2028, and our bearish retracement zone at 2017. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2017 and a break and lock below this level will open the swing range.
However, support above this level will likely provide the bounce to retest 2028 and 2042. A cross and lock above 2042 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
2028
EMA5 CROSS AND LOCK ABOVE 2028 WILL OPEN THE FOLLOWING BULLISH TARGET
2042
EMA5 CROSS AND LOCK ABOVE 2042 WILL OPEN THE FOLLOWING BULLISH TARGET
2053
POTENTIALLY 2061
BEARISH TARGETS
2017
EMA5 CROSS AND LOCK BELOW 2017 WILL OPEN THE SWING RANGE
SWING RANGE
1999 - 1992
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!
GoldViewFX
Mr Gold
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.
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 are now seeing price at support for a bounce or we will need to see ema5 cross below the channel bottom to open 1998 Goldturn test
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
GoldViewFX - Gold long term projection and plan.Hey Everyone,
This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top.
We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line. - THIS PLAYED OUT BEAUTIFULLY!
We then suggested that we will see a reaction on this channel half line for another push up to retest the upper range again. - Once again this played out accordingly for the push up hitting our Bullish targets once again.
However, the 2080 target was left short just by a few pips so can still be considered open. Since then we saw the new monthly candle come down to attach to ema5 this month also highlighted with a circle on the chart. We are looking for dynamic suport here for a push up. If dynamic support fails to hold price here then we are likely to see price support above 1987.
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.
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!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold for next week.
Vertical Structures
Vertical Support 1: Rising trend line
Horizontal Structures
Horizontal Support 1: 2009 - 2014 area
Horizontal Support 2: 2001 - 2006 area
Horizontal Support 3: 1965 - 1977 area
Horizontal Resistance 1: 2055 - 2065 area
Horizontal Resistance 2: 2077 - 2088 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another solid finish to the week tracking and trading the movement up and down Goldturn to Goldlturn.
This week we started with the first Bullish target at 2040, which was hit and then no cross and lock confirmed the rejection.
We then saw price play into the retracement range for the cross and lock confirmation for the swing range, which also played out perfectly providing the swing into 2030, as highlighted on the chart and all the way into 2040.
The last two days we saw price play back into the retracement range giving the bounces inline with our plans to buy dips and then yesterday we had the 2022 test and bounce and we advised that we were waiting for the 2036 gap to be filled again as it was open- This weas completed today!!!
It was a week full of swings and ranging action, which we were able to track and trade safely, as our Goldturn levels were respected in true GoldViewFX style!!
We will now come back Sunday with our multi time frame analysis, trading plan and Gold route map for the coming week.
As always have a great weekend with families and loved ones and we will see you all on market open!!!
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
DeGRAM | GOLD opportunity to short the market GOLD spiked up and tested the resistance, indicating the bears are in control.
Price is going up to the resistance level where it dropped before. Essentially, it is in the consolidation zone.
We anticipate a bearish move following a breakout of the dynamic support level.
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XAUUSD We caught 2 whoppers! lets finish the week strong Good morning gold gang .. hope you are all well
wow yesterday we caught the only 2 decent moves to be had on gold and banked over 100 pips. Reallll nice
range is messy!! very messy going into big friday so we need to see some strong closures in order to create a bias
i have current algo level buys ready to go for london once liquidity is taken but nothing really else until we start moving
all bounces are in play .. make sure you're following me to watch me do it live
lets gooooo big friday is here ... gonna be a blue week
tommy
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
As you can see our levels on this chart are being respected perfectly with each of our weighted levels giving us the bounces and rejection to be able to track and trade the movement level to level.
After completing 2040 we got another retest on the retracement range, which gave the bounce into 2036.
We then had another re-test at the retracement level 2030, as no break above 2036. EMA5 crossed and locked below 2030 opening 2022 Goldturn, which was hit and gave a nice bounce now heading into 2036, which is now re-open.
We have 2040 at the range top that will need to break and lock to see the range above and 2015 at range bottom holding the structure. Price is likely to bounce and play in this range with our Goldlturns providing the bounces and rejections.
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
2030 - DONE
2040 - DONE
EMA5 CROSS AND LOCK ABOVE 2040 WILL OPEN THE FOLLOWING BULLISH TARGET (NO CROSS AND LOCK)
2048
2055
BEARISH TARGETS
2030 - DONE
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2015 -DONE
2007
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!
GoldViewFX
Mr Gold
Gold- Bearish under yesterday's highIn my comment from yesterday, I argued that even if the price managed to break above the 2030 interim resistance, my outlook remains bearish.
During the trading day, bulls failed once again at the peaks and were unable to keep the price above 2040.
The rise from the 2015 zone is corrective in nature, and when considering the formation of a small head and shoulders pattern over the past two days, we may anticipate a continuation to the downside.
Confirmation, as explained yesterday, comes with a break below 2030. In such an instance, the focus shifts to the year's low and potentially extends to 1980.
As long as the price remains below yesterday's high, selling rallies is my preferred strategy.
DeGRAM | GOLD sideways moveGOLD is making lower lows in the descending channel.
The market is consolidating after a drop from the resistance level and 50% fibo level.
Price is testing the reaction zone where price dropped twice.
We expect further consolidation until the new trend is confirmed by a breakout of the support or resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
XAUUSD Urgent message! Good morning guys apologies for the late outlook .. fell asleep. Heres my urgent message!
Dont take the bounce buys at 2031 algo .. it is reacting now but i prefer the 4h zone below it at 2029 marked on the chart. This is where ill be taking buys on confirmation
Im still bullish on thte overall bias .. so those buys there make sense to me but im not overly worried as the massive buys from yesterday has more than paid for my week sat at the kitchen island on my laptop eating snacks and cups of tea
check the bounces too gang
catch you .. erm ... right now lol ... make sure you like and follow if you're not already
tommy
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
And we did it again!!!!!
After trading and tracking the movement down into the swing range and then riding it all the way back up yesterday we highlighted that we have a few candle body close above 2036 leaving 2040 gap open - This was HIT perfectly today!!!
We will now see price bounce between 2040 and 2036 and look for ema5 to cross and lock above or below the weighted levels to track the next range. We would like to see 2036 support for another re-test at 2040.
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
2030 - DONE
2040 - DONE
EMA5 CROSS AND LOCK ABOVE 2040 WILL OPEN THE FOLLOWING BULLISH TARGET (NO CROSS AND LOCK)
2048
2055
BEARISH TARGETS
2030 - DONE
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2015 -DONE
2007
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!
GoldViewFX
Mr Gold