Goldprediction
GOLD 1H CHART ROUTE MAP UPDATE & 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 3352 and a gap below at 3327. 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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3352
EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGETS
3374
EMA5 CROSS AND LOCK ABOVE 3374 WILL OPEN THE FOLLOWING BULLISH TARGET
3398
EMA5 CROSS AND LOCK ABOVE 3398 WILL OPEN THE FOLLOWING BULLISH TARGET
3422
BEARISH TARGETS
3327
EMA5 CROSS AND LOCK BELOW 3327 WILL OPEN THE SWING RANGE
3304
3281
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 UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3361 and a gap below at 3293. 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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3361
EMA5 CROSS AND LOCK ABOVE 3361 WILL OPEN THE FOLLOWING BULLISH TARGETS
3424
EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3499
BEARISH TARGETS
3293
EMA5 CROSS AND LOCK BELOW 3293 WILL OPEN THE SWING RANGE
3236
3171
EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE
3089
2996
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 roadmap
"Hello traders, focusing on gold across various time frames, this roadmap reflects my personal opinion and is not financial advice. On the 1-hour chart, there is an indication of potential movement towards the $3400 level. However, on the daily time frame, I anticipate the price to first target $3250, possibly to gather liquidity, before further evaluation for the next level."
If you need further clarification or have more insights to discuss, please feel free to share!
Latest price increase and decrease forecastFrom a technical perspective, Thursday's daily chart showed a sharp decline, engulfing Tuesday's. Wednesday's consecutive rises marked the closing price near the middle Bollinger band. There's no definitive direction for now, and both ups and downs are possible. Therefore, the daily chart's performance is not important, but the H4 chart shows significant momentum. Currently, 3330 is a double bottom, with the closing price just above the lower Bollinger band. If a rebound occurs here, especially with strength in the afternoon, the Bollinger band will tighten and the moving averages will converge, confirming a volatile market today. If the market stabilizes above the middle Bollinger band at 3350, it can be confirmed that today is a rebound. The US market could also reach a high of 3365. Therefore, the rebound strength can be observed around the 3330 support level during the Asian and European sessions. If it breaks through 3330, gold could continue its decline to the 3310-3300 range.
Trading suggestions: If the market rebounds first, short near 3346, with a stop-loss above 3352. If the market weakens, short near 3341, with a stop-loss above 3347. If the market declines first, short below 3300, or go long near 3320, with a stop-loss below 3315. If you currently have short positions at low levels and long positions at high levels and are unsure how to proceed, please leave a message for Charlie. FX:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD FOREXCOM:GOLD VANTAGE:XAUUSD FOREXCOM:GOLD VANTAGE:XAUUSD
Profitable 10-Minute Selling of GoldBased on the analysis in the previous article regarding the decline in gold prices, investors who followed the sell trend certainly made some profit. The drop was approximately $10 per ounce, and since it's Friday, this profit is quite positive. Market volatility is expected to be minimal as the market nears its closing. If you're serious about trading, consider buying at a low price.
Gold fluctuates, waiting for an effective breakthroughThe MACD is below the zero axis and has already diverged from the bottom, indicating it's poised for a short-term rebound. Each short-term rebound followed a similar pattern to the current MACD. It simply diverges once, twice, or even three times before a sudden surge. Therefore, as long as the price falls below 3330 and then declines again, it's a good opportunity to ambush and buy from a low position. This could also be the next short-term low. Over the past four months of consolidation, the lows have clearly been gradually moving higher, and the end of the converging triangle has been gradually narrowing. One day, a major unilateral breakout will occur. Patiently wait for a return to the bullish trend.
Pay attention to the channel trend resistance line 3358-60. This position is actually the oscillation center axis point of 3330-3380. If the rebound is under pressure here, you can buy on highs and then fall back; once the hourly line closes positive and effectively stands on this position, give up the bearish view; and the low bullish position focuses on the 618 division, the previous top and bottom conversion, the lower track of the channel, etc.; as long as you dare to pull it down, you must dare to be bullish when a stabilizing K appears. The lower the effect, the better, because the lower it is, the more aggravated the divergence effect. FOREXCOM:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD ACTIVTRADES:GOLD EIGHTCAP:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD
A Bearish Idea on Gold, Are you Bullish yet?Hello Fellow traders,
Today, we are looking at gold and I am expecting a bearish momentum. The daily FVG was succesfully traded to facing a good rjection. Now we keep our eyes on 4H FVG thats residing just below. We willsee how the 50% of that FVG is crossed whether with a displacement which I wuld love to see, like market breaks below the 50% of FVG with a strong momentum, then we expect the price to take the lows around 3250 becuae thats where Equal highs are and price is highly likely to attract towards it just like a magnet.
However, thus far price action has been bearish, as we price got rejected in that 1H FVG as highlighted and price made two highs one top of other making a turtle soup and then broke below the recent low with a displacement and thats where Breaker Block takes birth and also an FVG. Pice then goes back to fill the FVG and trade to the new born beaker and then the low is taken but wait "Relative EQL Lows".
Anyways, the market now seems to return back to the lows and we can expect the market to now displace through these lows wth a strong momentum. If that happens, it's all gonna be easy to trade to lower liquidity "might be a sudden attack, who knows!"
Thats it for today fellows, kee grinding, keep working.
RESPECT THE RISK!
Gold pulls back, should we go long or short?Gold Market Analysis:
Unfortunately, the inverted hammer pattern emerged, and the price continued testing the recent low around 3330.
Although it held, the bearish engulfing pattern suggests that the bullish momentum has yet to recover.
The price correction from the past two days is gradually turning into a consolidation phase.
Notably, after breaking higher the day before yesterday, yesterday’s price action reversed sharply, breaking below the previous day’s low and extinguishing the bullish momentum.
Key Observations:
1. The day before yesterday saw an upward move, with the morning low acting as the dividing line. For the uptrend to continue, the price should not fall below the previous day’s starting point. However, yesterday’s break below that low confirmed the end of the bullish trend.
2. After breaking the low, watch for a potential secondary decline on any rebound.
3. In the afternoon, the downtrend continued, testing the previous low of 3330. In a downtrend, we avoid betting on a double bottom.
Today’s Situation:
The hourly chart shows a brief rebound with consecutive bullish candles, but after testing 3350, the price faced resistance and pulled back. Currently, it is consolidating around 3340.
Short-Term Outlook:
- Resistance Levels: 3357–3363
- Support Level: 3330 (A break below this level would signal a continuation of the downtrend).
Thank you all for your likes, comments and follows, we really appreciate it!
XAUUSD on Drop Gold is under strong pressure on the daily chart, as the $3348–$3352 resistance zone rejected price action twice during the Asian session, pushing it back toward the support area near $3332.
What possible scenario we have?
•I'm in down side till 3330 once it's flips my target are 3323then 3315.
I'm holding my sell trades at 3342-3345.
• If H1-H4 candle closes above 3350-3352 selling will be postpond and our setup will be invalid.
Additional Tip
Below 3345 sell
Above 3355 buy
Oscillating downward, shorting again on rebound#XAUUSD
Judging from the current market, gold tends to fluctuate and fall in the 4H. 📉After hitting the high of 3374 yesterday, the bullish momentum lacked continuity, gradually breaking down and declining to give up the previous day's gains. ⚖️
After consecutive negative closings, the Bollinger Bands opened. In the NY period, we will rely on the middle track of the Bollinger Bands to further see the room for decline. It is expected that the volume will increase after short-term consolidation. 📊
The upper pressure is focused on 3348 and 3358. 🌈The operation is mainly short-selling on rebound.🐻 The first target below is around 3330. If it breaks, it will go to 3320-3300.🎯
🚀 SELL 3348-3358
🚀 TP 3330-3320
Gold prices remain volatile, waiting for direction selectionGold prices (XAU/USD) rebounded modestly during Friday's Asian trading session, recouping some of the previous day's losses, but bullish momentum was limited. The dollar's previous rally, buoyed by strong US Producer Price Index (PPI) data, lacked sustainability. Investors widely expect the Federal Reserve to resume its interest rate cut cycle in September, supporting gold.
According to data released by the US Bureau of Labor Statistics, the PPI grew 3.3% year-on-year in July, exceeding market expectations of 2.5% and significantly higher than June's 2.4%. Despite this, the CME FedWatch tool shows a 90% probability that the Fed will cut interest rates by 25 basis points in September, with a cumulative 50 basis points cut expected by year-end.
Furthermore, market sentiment was supported by multiple positive factors, including easing trade concerns between the US and Asia and the potential for a ceasefire in the Ukrainian conflict following the US-Russia summit. These factors have boosted global risk appetite and limited further gains for gold as a safe-haven asset.
Analysts point out that amidst a rebound in risk appetite, gold's short-term performance may hinge on upcoming data releases such as US retail sales, the New York Fed manufacturing index, and the University of Michigan's consumer confidence index. These indicators could influence the US dollar and, indirectly, gold prices.
Daily chart analysis shows that gold prices are encountering significant resistance near the 100-hour moving average (around $3,355). Multiple rebounds have failed to break through this level, indicating that short-term selling pressure remains significant.
If prices break through this level, they could test the $3,375 and $3,400 levels. However, a break below $3,330 support could trigger an accelerated decline, potentially targeting $3,300 or even lower. Technical indicators show weak daily volatility, and the short-term trend remains downward.
The current rebound in gold is more of a technical correction than a trend reversal. Amidst a lack of sustained US dollar buying and lingering expectations of a Fed rate cut, gold prices are likely to remain range-bound in the short term.
However, if market risk sentiment further heats up, gold's safe-haven properties may continue to weaken. We need to pay attention to the effectiveness of the $3,330 support. Once it is lost, the downside space will open up quickly. FOREXCOM:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD FOREXCOM:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD ICMARKETS:XAUUSD ACTIVTRADES:GOLD
XAUUSD Bullish Trend Continuation: Potential Move to $3,400!The price action shows a higher high ("high") and a higher low ("low"), which are characteristic of an uptrend. An upward trendline has been established, connecting a series of higher lows, which is acting as a dynamic support level. A significant horizontal support zone has also been identified around the $3,260 - $3,280 price range, where the price previously found support.
Recently, the price experienced a pullback and bounced off the upward trendline. The analysis anticipates a continuation of the upward momentum toward a key resistance zone. This resistance zone is located around the $3,400 - $3,420 level. A specific target price of $3,408.833 is highlighted within this zone, suggesting a potential area where the upward movement might pause or reverse.
The chart includes a potential corrective wave pattern labeled with "C"s, indicating a recent three-wave pullback within the larger trend. The current price is shown at $3,353.520, positioned above both the horizontal support and the upward trendline, reinforcing the bullish sentiment.
The gold market is still stuck in a solid accumulation patternWorld gold prices fell after the US's key inflation report released results that were much higher than expected.
The US producer price index (PPI) in July increased by 0.9% compared to the previous month, much higher than the flat level in June and far exceeding the forecast of 0.2%. This is the strongest increase since June 2022.
This report reinforces the view of the "hawks" in US monetary policy, who do not want the US Federal Reserve (FED) to cut interest rates soon. Compared to the same period last year, the total PPI increased by 3.3% - the highest level in 5 months and exceeded the forecast of 2.5%. Core PPI (excluding food and energy) also increased by 0.9%, higher than the forecast of 0.2%.
On a year-on-year basis, the core PPI increased by 3.7% compared to the previous 2.6%. Hotter-than-expected PPI data in July only slightly reduced the chances of a 25 basis point Fed rate cut in September, but all but eliminated the possibility of a 50 basis point cut that a few investors had previously expected.
GOLD - XAUUSD - opportunity arise! let's goTeam, we have been blessed with a very successful trade with gold. Unfortunately I do not trade often until i find good opportunity
Here is the strategy to enter LONG gold
Current Price Zone: 3337–3339
• SL: 3328 as discussed earlier
If Price Hits 3344 (first breakout)
• Move SL to 3335 → Protects the bulk of gains while keeping room for a push to 3354.
• If Price Hits 3354 (next resistance)
• Move SL to 3344 → Secures profit from the breakout zone in case of a quick pullback.
If Price Hits 3365–3370
• Move SL to 3354 → This will lock in solid gains and let you ride in case gold aims for 3380+.
Gold - The diligent top formation!🏆Gold ( TVC:GOLD ) finished the bullrun:
🔎Analysis summary:
For the past 10 years, Gold has been trading in a very strong expected bullrun. Just like we witnessed it in 2011, a 10 year bullrun is followed by a shorter term bearmarket. Gold is starting to lose its strength, which is a clear sign of weakness and the beginning of a bearish reversal.
📝Levels to watch:
$2.800
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
XAU/USD: Gold Rocket to 3407 Unleashed?FX:XAUUSD is primed for a explosive breakout on the 1-hou r chart, with an entry zone at 3326-3338 near a bullish pivot.
First target at 3393 , with a second target at 3407 smashing through resistance.
Set a tight stop at 3317 to lock in risk. A surge past 3340 with volume could ignite this gold rocket. Watch USD weakness and global risk appetite. Get ready to soar!
I will gladly see your comments
#XAUUSD #GoldTrading #ForexSignals #TechnicalAnalysis #TradingView #DayTrading #MarketAnalysis
GOLD ROUTE MAP UPDATEHey Everyone,
We are still seeing price action within the retracement range. The full gap below at 3329 remains open from the previous cross-and-lock, and we now have another cross-and-lock confirming this.
We expect a bounce at this level unless we see a further cross-and-lock below 3329, which would open the swing range. Until then, we also expect this level to provide a reaction.
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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3403
EMA5 CROSS AND LOCK ABOVE 3403 WILL OPEN THE FOLLOWING BULLISH TARGETS
3422
EMA5 CROSS AND LOCK ABOVE 3422 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
BEARISH TARGETS
3377 - DONE
EMA5 CROSS AND LOCK BELOW 3377 WILL OPEN THE FOLLOWING BEARISH TARGET
3354 - DONE
EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET
3329
EMA5 CROSS AND LOCK BELOW 3329 WILL OPEN THE SWING RANGE
3304
3281
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