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 ema5 and price play between two weighted levels with a gap above at 2800 and a gap below at 2772. We need ema5 to cross and lock above or below the weighted Goldturns 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
2800
EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET
2826
EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET
2852
BEARISH TARGETS
2772
EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE
2744 - 2712
EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE
SWING RANGE
2685 - 2655
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
Goldtrading
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range and how we have been hitting targets after targets.
Previously we stated that we have a candle body close above 2686 opening 2760 and we now also had ema5 lock to further confirm this gap, which was hit perfectly completing this target and allowing plenty of time after the confirmation to get in for the action.
We then had a candle body close above 2760 with a gap above at 2797, which was hit last week completing this target.
2797 has left no further candle body close and therefore we may see some rejection here. We will now look for a body close above this level to confirm a continuation or we will see lower Goldturns tested for support to establish long term range. We have now also updated the retracement and swing range on this chart.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our monthly chart idea for our long term/range analysis.
Previous month in December we stated that the month started with a detachment to ema5 below for a correction, which was highlighted with a small mini circle on the chart for visual purpose.
- This detachment to ema5 was completed perfectly.
We also stated last month in December that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce.
- This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702.
We then stated that we had two days for month end and will need a body close above 2702 for confirmation for a further continuation or a body close below 2589 to confirm the channel top test below. We also stated that if price closes this month in this range without the body closes, then we are likely to see play between this range for another month with not much detachment on the next monthly candle to ema5, which means the likely dynamic support should be provided by ema5 from the beginning of the month.
- This played out perfectly in January as the the ema5 provided the dynamic support right from the start, which followed with a nice push up. We now also have a candle body close above 2702 leaving a gap to 2825 Axis our long term target that we have been tracking over the months.
We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend.
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 (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis for Gold for next week.
Vertical Structures
Vertical Support 1: Rising Trend Line
Vertical Resistance 1: Rising Trend Line
Horizontal Structures
Resistance 1: 2816 - 2820 area
Support 1: 2786 - 2790 area
Support 2: 2718 - 2732 area
Support 3: 2689 - 2698 area
Support 4: 2655 - 2663 area
Support 5: 2614 - 2635 area
Support 6: 2596 - 2605 area
Support 7: 2583 - 2585 area
Consider these structures for pulback/breakout trading.
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Strongest Reversal Candlestick Patterns For Gold & Forex
In this educational article, we will discuss powerful reversal candlestick patterns that every trader must know.
Bullish Engulfing Candle
Bullish engulfing candle is one of my favourite ones.
It usually indicates the initiation of a bullish movement after a strong bearish wave.
The main element of this pattern is a relatively big body. Being bigger than the entire range of the previous (bearish) candle, it should completely "engulf" that.
Such a formation indicates the strength of the buyers and their willingness to push the price higher.
Bullish engulfing candle that I spotted on Gold chart gave a perfect bullish trend-following signal.
Bearish Engulfing Candle
The main element of this pattern is a relatively big body that is bigger than the entire range of the previous (bullish) candle.
Such a formation indicates the strength of the sellers and their willingness to push the price lower.
________________________
Bullish Inside Bar
Inside bar formation is a classic indecision pattern.
It usually forms after a strong bullish/bearish impulse and signifies a consolidation .
The pattern consists of 2 main elements:
mother's bar - a relatively strong bullish or bearish candle,
inside bars - the following candles that a trading within the range of the mother's bar.
The breakout of the range of the mother's bar may quite accurately confirm the reversal.
A bullish breakout of its range and a candle close above that usually initiates a strong bullish movement.
Bearish Inside Bar
A bearish breakout of the range of the mother's bar and a candle close below that usually initiates a strong bearish movement.
Bearish breakout of the range of the mother's bar candlestick provided a strong bearish signal
on EURUSD.
________________________
Doji Candle (Morning Star)
By a Doji we mean a candle that has the same opening and closing price.
Being formed after a strong bearish move, such a Doji will be called a Morning Star. It signifies the oversold condition of the market and the local weakness of sellers.
Such a formation may quite accurately indicate a coming bullish movement.
Doji Candle (Evening Star)
Being formed after a strong bullish move, such a Doji will be called an Evening Star. It signifies the overbought condition of the market and the local weakness of buyers.
Such a formation may quite accurately indicate a coming bearish movement.
Above is a perfect example of a doji candle and a consequent bearish movement on Silver.
I apply these formations for making predictions on financial markets every day. They perfectly work on Forex, Futures, Crypto markets and show their efficiency on various time frames.
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Gold Rush 2025? Charting the Course for XAUUSD.Gold (XAUUSD) is currently showing a strong uptrend on the 4-hour chart. We've seen a consistent climb, suggesting buyers are in control. Looking at the chart, I've marked some key levels to watch. The most immediate resistance is right where we are now, around 2,804.96. If the price breaks through that, I'd expect it to continue upwards. Below us, I see potential support around 2,737, 2,695, and down to, 2,662. These are areas where the price might find buyers if it pulls back.
Fundamentally, gold is often seen as a safe haven. Things that could push its price up include a weaker US dollar, rising inflation, or any big global uncertainties. On the flip side, if the US economy strengthens, the dollar gets stronger, or inflation cools down, we might see gold's price drop. The Fed's interest rate decisions are also a major factor, as higher rates tend to make the dollar more attractive.
My overall bias right now is bullish for the short term. The price action looks strong, and if we break through this current resistance, there's room to move higher. However, I'm keeping an eye on those support levels in case we see a reversal. It's important to remember that the market can change quickly, so I'd definitely keep up with the news and adjust my view as needed. I wouldn't make any big decisions based just on this chart, but it gives me a good idea of what's happening right now.
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC day on the chart smashing all our targets, just like we analysed.
We started the week completing our bearish targets into the retracement range for support. We then highlighted the weighted level rejection bounce for the push up into our Bullish targets, clearing 2778, followed with ema5 lock opening 2787, which was hit perfectly. We then finished off with our final lock above 2787 opening 2797, now complete!!! True level to level action!!!
Now we need to see ema5 lock above 2797 for a continuation or failure to lock will follow with a rejection into Goldlturns below to find support. We are now siting in a new range and will need some play here to establish a blueprint to re-engage.
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
2778 - DONE
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787 - DONE
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797 - DONE
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE
SWING RANGE
2707 - 2697
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 (XAUUSD): Get Ready For Breakout
It feels like Gold is going to update the All-Time High soon.
I see clear signs of a bullish accumulation on a horizontal
resistance based on a current highest high.
A breakout of the underlined orange area and a candle close above
will indicate the continuation o a global bullish trend.
The market will most likely continue rising at least to 2820.
Alternatively, if you are looking for a bearish confirmation,
a breakout of the support of the channel will give you a strong bearish signal.
❤️Please, support my work with like, thank you!❤️
XAUUSD: Channel Up intact and is targeting 3,000.Gold is bullish on its 1D technical outlook (RSI = 59.990, MACD = 28.040, ADX = 55.806) despite consolidating for the past 7 days. The reason is that the long term Channel Up is intact and in fact has started its new bullish wave by crossing over the HH trendline. This has already happened twice inside the pattern and in those instances, as long as the 1D MA50 remained intact, the rise reached the 2.618 Fibonacci extension. Our target this time is a little lower (TP = 3,000).
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GOLD ROUTE MAP UPDATEHey Everyone,
Once again our levels were respected allowing us to buy dips inline with our plans.
After completing a nice bull run yesterday we got a break above 2757 opening the range above, which gave over 90 pips and just fell short of the gap that remains on our radar.
We saw a rejection onto our weighted level below 2746, which gave a clean bounce like we always state on our charts ideas.
We are now seeing price play into the retracement range, where we expect a reaction for support. A break below the retracement range will open the swing range. Failure to break will see price retest the Goldturns above once again.
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
2778
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE
SWING RANGE
2707 - 2697
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
Learn Supply and Demand Basics in Gold XAAUSD Trading
In this article, we will discuss the basic principles of Smart Money Concepts in Gold trading.
I will explain to you how Gold price relates to supply and demand on the market. What is a fair value and how to identify it.
We will discuss a relation between a fair value and supply and demand and why is it so important to learn to recognize the imbalance.
Gold Price
First, let's briefly discuss how the price of Gold is valued .
Gold price is determined by the basic economic principles of supply and demand.
Supply is defined by the actions of the sellers and selling volumes.
While a demand is defined by the activity of buyers and the volumes they wish to purchase.
When supply exceeds demand, it leads to a decline in prices.
Increased selling pressure leads to lower prices as sellers compete to attract buyers.
Above, you can see how the excess of demand pushes Gold prices up rapidly.
When demand exceeds supply, we see an increase in the price of the financial asset.
In the example above, you can see how the excess of supply leads to a depreciation of a Gold price.
Imbalance & Fair Value
The excess of supply or demand on the market is also called an imbalance in Smart Money Concept trading SMC.
The imbalance causes strong bullish or bearish movement on the market.
However, such moves do not last forever.
At some moment, reaching a particular price level, the market will stop growing or falling, and the market will find the equilibrium in supply and demand.
Such an equilibrium is also called a fair value in SMC trading.
On the chart above, Gold was growing rapidly. After reaching some price level, the growth stopped and the market found a fair value.
Supply finally absorbed the excess of demand.
Sideways Movement & Range
When the market finds a fair value, it usually starts trading in sideways . The sideways movement forms a horizontal range - a horizontal parallel channel.
Such ranges signify that the market participants agree about a current price of an asset.
Above, you can see that after a strong up movement, Gold found a fair value and a consolidation within a horizontal range started.
Fair Value Range
When you spotted the range, you should remember that the market may stay within that for a very long period of time.
The trigger that will make the market reassess the fair value is typically a some important fundamental factor, the surprising geopolitical or economic event that will create a new imbalance on the market.
A strong signal that the market strives to find a new fair value is the breakout of one of the boundaries of the range. It is a signal of a violation of a current fair value.
You can see that Gold found a fair value and was stuck for quite a long period within a wide horizontal range. Then, because of the release of significant US fundamental news, an imbalance occurred. Fair value range was violated, and the price found a new fair value higher.
Trading Tips
When the imbalance on the market occurs and it violates the fair value, the price tends to find a new fair value around significant liquidity zones.
That is why it is so critical to pay attention to them.
Also, the laws of supply and demand, imbalance and fair value work on any time frame and can be applied for any trading style.
Learn to perceive a price chart from a Supply and Demand perspective in order to master Smart Money Concept trading strategy.
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GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP UPDATEDHello Everyone,
Here’s the latest update on the GOLD weekly chart we’ve been closely monitoring and trading. Below is a detailed overview of the current range we've been tracking for an extended period.
Previously, we identified a strong resistance level at 2790, which we highlighted as a potential trigger for a reversal. At that time, we recommended holding off on trades since the price was prone to reverse at any moment. Additionally, we mentioned that if EMA5 crosses and holds above the ENTRY LEVEL at 2735.35, it would signal a buy opportunity with a target at TP1. However, the EMA5 has not crossed this level yet, and we are still waiting for confirmation.
Our analysis played out perfectly. There were multiple break attempts into the channel, but EMA5 failed to cross the ENTRY LEVEL, confirming rejection as anticipated.
This week started with a significant bounce on Monday, with the FVG providing solid support in the 2730-2735 range. This support could potentially help the price make another attempt to cross the resistance level. However, we will wait for confirmation by seeing if EMA5 crosses and holds above 2735.
For more details, check our smaller timeframes for a deeper insight.
Please follow our channel, and don’t forget to show your support by liking, commenting, and following.
The QUANTUM Trading Mastery
GOLD ROUTE MAP UPDATEHey Everyone,
Once again another great day on the charts with our analysis playing out, as analysed.
Yesterday after completing each of the bearish gaps 2768, 2757 and 2746 confirmed with cross and lock, we stated that we now have a lock below 2746 opening 2732.
- This was hit perfectly today followed with no further lock confirming the rejection and the bounce into the Goldlturns above, inline with our plans to buy dips, just like we stated yesterday. This allowed us to catch the move up.
We are now seeing 2757 being tested and will need ema5 cross and lock above 2757 to open the range above. Failure to lock above will follow with a rejection and drop to test the lower Goldlturns again.
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
2778
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE
SWING RANGE
2707 - 2697
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
SeekingPips SELL Level XAU SHORT Call A Picture Paints 1000WordsSeekingPips SELL Level XAUUSD SHORT Call A Picture Paints 1000 Words.
✅️ Another ball out the park moment for SeekingPips.
✅️ Called it at first blue arrow and the confirmation and a perfect opportunity to get back on board at the same price.
⭐️If you took the reentry signal you got virtually zero drawdown⭐️
Be sharp and always pay yourself at pre identified key levels. SeekingPips almost always keeps a runner after being paid.
Yes sometimes we are kicked out after but always in a profit after moving stops.
By having a runner SeekingPips never missed the big runaway move.
It is those outliers that sometimes male the month a GREAT PAYDAY.
If you missed it.
WAIT for a TRIGGER don't be a DUMBA$$
Chasing is never a good idea.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our analysis playing out as analysed with our level breaks giving us confirmation range to range.
We like to see these corrections down, which then allows us to buy dips safely riding the long term trend.
We got our bearish target hit at 2768, which followed with a cross and lock opening 2757 and a further lock below 2757 opening 2746. Both targets were hit perfectly. We are now seeing a lock below 2746 opening 2732.
We were able to take our weighted level bounces on the way down clearing 30 to 40 pips on each weighted level just like we analysed.
Failure to lock below any weighted levels will see reactional bounces to test upper Goldturns.
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
2778
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE
SWING RANGE
2707 - 2697
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 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 ema5 and price play between two weighted levels with a gap above at 2785 and a gap below at 2747. We need ema5 to cross and lock above or below the weighted Goldturns 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
2785
EMA5 CROSS AND LOCK ABOVE 2785 WILL OPEN THE FOLLOWING BULLISH TARGET
2811
EMA5 CROSS AND LOCK ABOVE 2811 WILL OPEN THE FOLLOWING BULLISH TARGET
2836
BEARISH TARGETS
2747
EMA5 CROSS AND LOCK BELOW 2747 WILL OPEN THE RETRACEMENT RANGE
2712 - 2668
EMA5 CROSS AND LOCK BELOW 2668 WILL OPEN THE SWING RANGE
SWING RANGE
2665 - 2633
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 (XAUUSD): Support & Resistance Levels For Next Week
Here is my latest structure analysis for Gold for next week.
Vertical Structures
Vertical Support 1: Rising Trend Line
Horizontal Structures
Resistance 1: 2786 - 2790 area
Support 1: 2718 - 2732 area
Support 2: 2689 - 2698 area
Support 3: 2655 - 2663 area
Support 4: 2614 - 2635 area
Support 5: 2596 - 2605 area
Support 6: 2583 - 2585 area
Consider these structures for pulback/breakout trading.
❤️Please, support my work with like, thank you!❤️
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 2778 and a gap below at 2768. 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
2778
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808
BEARISH TARGETS
2768
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWIG RAGE
SWING RANGE
2707 - 2697
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 DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range.
Last week we stated that we have a candle body close above 2686 opening 2760 and we now also had ema5 lock to further confirm this gap
This was hit perfectly last week completing this target and allowing plenty of time after the confirmation to get in for the action.
We now have a candle body close above 2760 with a gap above at 2797 and will need ema5 lock to further confirm this.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX