XAU/USD (Gold) - H1 - Wedge Breakout (21.06.2025)The XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3425
2nd Resistance – 3451
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Goldlong
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 3376 and a gap below at 3348. 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
3376
EMA5 CROSS AND LOCK ABOVE 3376 WILL OPEN THE FOLLOWING BULLISH TARGETS
3395
EMA5 CROSS AND LOCK ABOVE 3395 WILL OPEN THE FOLLOWING BULLISH TARGET
3419
EMA5 CROSS AND LOCK ABOVE 3419 WILL OPEN THE FOLLOWING BULLISH TARGET
3440
BEARISH TARGETS
3348
EMA5 CROSS AND LOCK BELOW 3348 WILL OPEN THE SWING RANGE
3330
3306
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SECONDARY SWING RANGE
3288
3271
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 Weekly Friday Trend Analysis and Trading RecommendationsOn Thursday, gold maintained a sideways trend, currently trading near $3,370. It hit a low of $3,347 and then rebounded immediately, while yesterday's Federal Reserve interest rate decision had little impact on market volatility. Since Monday, when bearish forces were stronger than bullish ones, the gold market has been seeing equalized bullish and bearish forces, consolidating as it waits for the next stimulus direction.
Once it stabilizes above $3,400 again, there is likely to be an inflection point, and it will gradually rise to test the upper track at $3,460–3,470. At the 4-hour level, it is currently under pressure at the middle track of $3,405, with support at $3,345.
Gold may break out of the current range on Friday. Intraday trading can focus on range operations between the support of $3,345 and the resistance of $3,400: when the gold price stabilizes above $3,360, you can lightly go long, with targets sequentially at $3,375 and $3,395; if it is resisted below $3,395, you can try to lightly go short.
XAUUSD
buy@3350-3360
tp:3380-3390-3400
Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
Gold Set to Rise If U.S.–Iran Tensions Escalate📊 Market Overview:
Gold traded within a volatile range this past week, hovering between $3,360 and $3,385/oz. The U.S. dollar weakened on expectations that the Fed will maintain current interest rates in July, while persistent inflation concerns globally have kept gold supported. However, a geopolitical shock emerged late in the week: President Donald Trump announced readiness to deploy troops to the Middle East if Iran continues provocation, raising the possibility of serious military escalation.
📉 Technical Analysis:
•Key Resistance Levels: $3,387 – $3,403 (weekly highs), $3,450, and extended targets at $3,500–$3,520.
•Nearest Support: $3,358 – $3,365 (lower bound of the bullish channel), then $3,344 and $3,320.
•EMA09: Price remains above EMA 09, confirming a short-term uptrend on both 4H and daily charts.
•Chart Pattern: On the H4 chart, a Bullish Flag/Wedge Breakout is forming. A solid hold above $3,360 and breakout above $3,387 may trigger a strong upward move.
📌 Outlook:
Gold is likely to break higher next week if U.S.–Iran tensions escalate into direct conflict. Safe-haven demand could surge, driving gold toward $3,450 or even $3,500/oz.
On the other hand, if tensions ease and the U.S. dollar recovers on strong economic data, gold may pull back to $3,344–$3,320 before resuming any uptrend.
💡 Suggested Trading Strategy
🔺 BUY XAU/USD
Entry: $3,358–3,365
🎯 TP: $3,387 / $3,403 / $3,450
🛑 SL: $3,344
🟡 Enter on pullback to support — preferably if geopolitical tensions rise.
🔻 SELL XAU/USD
Entry: $3,400–3,410 (if price becomes overbought, RSI > 70)
🎯 TP: $3,380 / $3,365
🛑 SL: $3,420
🟡 Only apply this if tensions de-escalate and the U.S. dollar strengthens.
Gold Rebounds from Support, Eyes Breakout Above 3,370📊 Market Dynamics:
– Gold briefly dipped to 3,344 this morning before rebounding to 3,355 as of now.
– The USD is steady after cautious Fed commentary, while geopolitical tensions continue to support safe-haven flows into gold.
📉 Technical Analysis:
• Key resistance: 3,370 – 3,380
• Immediate support: 3,344 – 3,340
• EMA: Price remains above EMA 09, signaling continued short-term bullish bias.
• Patterns / Momentum: A bullish engulfing pattern formed on the H1 chart at 3,344.
📌 Outlook:
Gold may continue to rebound toward 3,370–3,380 in the short term. A break above 3,380 could open the path to 3,400.
💡 Trading Strategies:
🔻 SELL XAU/USD at: 3,375 – 3,380
🎯 TP: 3,355 – 3,360
❌ SL: 3,385
🔺 BUY XAU/USD at: 3,344 – 3,348
🎯 TP: 3,365 – 3,370
❌ SL: 3,335
Gold XAUUSD Possible Move🚨 Trade Setup Alert
📍 H1 Orderblock Zone at 3330–3320
🔑 High-probability BUY setup after liquidity sweep 🟢
🎯 Target: 3362 and possibly 3396+
🛑 SL below 3315
📍 Mitigated Supply Zone at 3396–3400
🔻 Possible SELL setup if price rejects that level 🔴
🎯 Target: 3365 / 3340
🛑 SL above 3412
⚠️ Key Level: 3362–3365 must break to reach upper supply zone.
✅ A level viz. 3340 shared yesterday, I bought from 3340 and bagged +180 pips 💸
👀 Watch price action closely near these zones for confirmation.
📊 Trade with proper risk management! 💼
Technical Analysis of XAU/USD (Gold vs USD) – 4H Chart📊 Technical Analysis of XAU/USD (Gold vs USD) – 4H Chart
📅 Date: June 19, 2025 | ⏰ Timeframe: 4-Hour | 💰 Instrument: Gold Spot / U.S. Dollar (XAU/USD)
🔍 Trend Overview
The chart shows Gold trading within a well-defined ascending parallel channel, indicating a bullish medium-term structure.
Upper Bound Resistance: ~3,455.39
Lower Bound Support: Rising channel line
Current Price: 3,372.64
🧭 Key Technical Zones
📌 Support Zone (Demand Area):
Marked in green/blue horizontal zone (~3,348–3,361), coinciding with:
Lower boundary of the ascending channel
200 EMA (3,320.50)
Previous price reaction levels
📌 Resistance Zone (Target):
Identified around 3,455.39, aligning with previous swing highs (marked with red arrows).
📈 Moving Averages
EMA 50 (Short-term): 3,376.90 🔴
→ Price currently testing this level from below
EMA 200 (Long-term): 3,320.50 🔵
→ Bullish alignment with EMA 50 above EMA 200
🔄 Price Action & Projections
✅ Support Bounce: Price recently tapped the lower channel & demand zone (green arrow), hinting at a potential bullish reversal.
📈 Bullish Scenario (Blue Path):
Bounce from support could lead to a rally toward the target at 3,455.39
Channel structure favors this continuation unless support fails
📉 RSI Analysis (Momentum Indicator)
RSI (14): 44.76 🔻
Below 50, indicating weakening momentum
However, possible bullish divergence setup if price rallies off the support zone
🧠 Conclusion & Strategy
✅ Bullish Bias as long as the price holds above the 3,348–3,361 support zone and the channel remains intact.
🎯 Target: 3,455.39
📛 Invalidation: A break below 3,320.50 (200 EMA) may shift sentiment to bearish.
🔖 Pro Tips
Watch for a bullish candlestick pattern confirmation around current levels before entering.
Set tight stop-loss just below the lower channel to manage risk.
The rebound is weak, is it expected to continue to decline? 📰 Impact of news:
1. Geopolitical situation
2. Pay attention to the impact of short-term trends of the US dollar and silver on gold
📈 Market analysis:
The weekly level large range sweep is still going on, with a focus on the space defense dividing line area of the 10-day moving average and the 3315-3310 area. After falling back to the lifeline in four hours, it continued to bend downward under pressure. During the sweeping decline, the suppression became more obvious. Whether there will be a wave of large-volume market, the pattern is expected to further open and guide the direction. In this process, note that the lifeline 3375 is also the resistance point determined by the last rebound last night. Use this as suppression to sweep the range below. On the whole, for the future gold, if it can maintain the rhythm of defending highs and breaking lows, and successfully closes at a low level today, then next week it is expected to further switch downwards to sweep space. Therefore, we will continue to focus on two support areas, one is 3345-3335, and the other is 3315-3310 after breaking
🏅 Trading strategies:
BUY 3345-3335
TP 3355-3365
SELL 3365-3375
TP 3345-3335-3315
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
Gold Accurate AnalysisFrom the 4-hour analysis of gold, there are repeated resistances from the bulls before the downward break; once the downward break, the market will go further down, and the focus below is 3340. The short-term 3400 above is still the key. Only by breaking the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the breakthrough!
There are too many long orders at high levels in gold at present, and the market will not rise easily. At present, the international situation is so tense, and gold is still slowly declining. It is difficult to rebound sharply in this situation. .
The upper short orders can be entered at the 3370-75 line, with a stop loss, and the target is more than 20 points. .
Trading is risky, please control it reasonably. Charlie will share more trading experience. Stay tuned. FX:XAUUSD CAPITALCOM:GOLD
The bears have the "match point", can the $3,340 line be held?Spot gold continued its correction this week, trading at $3,350.18/oz during the European session, down 0.61% on the day and 2.75% on the week, the worst performance in six weeks. The price has fallen below the lower track of the rising wedge since mid-May, the 4-hour Bollinger Band opening has widened, and the RSI is under pressure at 38.68, indicating that short-term short-term momentum has increased.
Fundamentals: Cooling of risk aversion demand and policy expectations
Geopolitical risk premium fades
Gold prices hit a high of $3,450 this week and then fell rapidly, the direct cause of which was the easing of the situation in the Middle East. U.S. President Trump said on Thursday that "it will take two weeks to evaluate the actions against Iran", temporarily easing market concerns about the escalation of military conflicts. In addition, the news of the resumption of negotiations between Europe and Iran further weakened safe-haven buying, and crude oil prices fell simultaneously (Brent crude oil fell more than 2% to $77/barrel), reflecting the market's pricing correction for energy supply disruptions.
The Fed’s policy path is suppressed
Although the Fed kept interest rates unchanged at its June meeting, its latest economic forecast released key signals:
Inflation tolerance has been reduced: the inflation forecast for the end of 2025 will be raised to 3%, and it is clearly stated that "inflation stickiness needs to be guarded against";
The pace of interest rate cuts has been postponed: the dot plot shows that the number of interest rate cuts this year has decreased, and the first interest rate cut may be postponed to September, and the terminal interest rate level is higher than previously expected;
The economic outlook has been downgraded: the GDP growth forecast has been lowered from 2.1% to 1.4%, and the unemployment rate is expected to rise to 4.5%.
Chairman Powell particularly emphasized that "tariff rhetoric may push up costs in the coming months", suggesting that if Trump imposes new tariffs after the tariff suspension deadline on July 9, the Fed may further adjust its policy. This stance has weakened the short-term appeal of gold as an inflation hedge, and the US dollar index rose 0.6% this week, suppressing gold prices.
Technical aspect: key support level faces test
Short-term structure weakens
4-hour chart: the price has fallen below the middle track of the Bollinger Band at 3373.42, and the lower track at 3344.81 has become the key support for the day. The MACD histogram turns negative and the DIFF crosses below the DEA, and the RSI leaves the neutral area, indicating that the bears are dominant. If the $3340 support is lost, the next target will be the low of $3300 on June 9-10.
Daily level: The 50-day moving average (3317.54) and the 100-day moving average (3139.52) form a medium- and long-term support band, but the 200-day moving average (2901.15) is far below the current price, suggesting that if the correction deepens, it may open up more room for decline.
Divergent views among institutions
Some analysts pointed out that after the gold price broke through the rising wedge, the reverse trend line (now at $3390) and the June 18 high of $3400 will constitute a rebound resistance. Strategists from well-known institution Saxo believe: "The decline in crude oil prices has eased concerns about stagflation, but if tariff rhetoric heats up again, gold may regain the favor of safe-haven funds."
Outlook for the future: focus on two major catalysts
Geopolitically sensitive window
In the next two weeks, we need to keep a close eye on Trump's final decision on Iran policy. If the military option returns to the agenda, gold may quickly regain the $3,400 mark. On the contrary, if the negotiations make progress, gold prices may fall to the 3,300-3,317 area (50-day moving average + previous low resonance support).
Policy and data linkage
July 9 tariff node: If the United States imposes tariffs on economies such as the European Union, it may affect gold prices in both directions through inflation expectations and risk sentiment;
June non-agricultural data: If the job market deteriorates significantly (such as an unexpected increase in unemployment), it may strengthen the Fed's expectations of early rate cuts and ease gold selling pressure.
The current gold price is in a dual adjustment stage of technical and fundamental aspects. The defensive strength of the $3,340-3,300 support band will determine the medium-term direction. Traders need to be wary of event-driven volatility amplification, especially during policy vacuum periods, when liquidity changes may lead to price overshoots. FOREXCOM:XAUUSD CMCMARKETS:GOLDQ2025 FXOPEN:XAUUSD ACTIVTRADES:GOLD EIGHTCAP:XAUUSD ACTIVTRADES:GOLD PEPPERSTONE:XAUUSD
Gold Eyes Breakout from Ascending Channel Toward $3,500📈 Chart Analysis
1. Rising Channel Structure
Gold (XAU/USD) has been trading within an upward-sloping channel, marked by the blue trendlines connecting interior lows and highs, culminating at point C (~$3,497). The latest bounce off the lower channel near “B” reinforces bullish bias – if this trendline holds, another leg higher toward resistance around $3,497–$3,500 is likely.
2. Support & Resistance Confluence
The purple trendline and the dotted horizontal green level (~$3,498) converge near the projected breakout point. This synergy provides a strong pivot zone — a successful breakout would validate targets near channel highs.
3. Harmonic Pattern in Play
The chart displays a bullish harmonic structure (likely a Bat or Gartley formation), with retracement ratios (0.719, 1.627) anchoring reversal areas. These reinforce the bounce at B and the potential move toward point C.
4. Trade Scenarios
Bullish Scenario (primary): A bounce off the trendline triggers a rally to the channel top and resistance zone ($3,497–$3,500).
Bearish Caution: A drop below the trendline invalidates the pattern, potentially bringing prices back to horizontal support around $3,296 or even $3,120, as indicated at point A.
🛠️ Technical & Market Context
Technicals: Daily trend remains bullish as long as price holds above ~$3,340–$3,350, with resistance forming in the $3,380–$3,400 range
Fundamentals: Geopolitical tension (e.g., Middle East conflict) and safe-haven inflows continue to underpin gold — though Citi expects prices to eventually correct toward $3,300–$3,500 mid‑term
.
Sentiment: Some analysts advocate “selling the rallies,” especially into the $3,450–$3,500 zone . But central banks’ ongoing buying and potential Fed rate cuts support a stronger floor
.
✅ Trade Strategy
Scenario Entry Zone Target Stop Loss Placement
Play the Bounce ~$3,350–$3,360 $3,497–$3,500 Below trendline near B zone (~$3,320)
Breakout Trade On momentum above $3,400 $3,497–$3,550 Below breakout (sub-$3,380)
Bearish Trigger Break & close below trendline Back to $3,296 / 3,120 Just above trendline ($3,360)
🔍 Summary
Gold remains in a structurally bullish setup inside an ascending channel. The confluence of harmonic reversal, strong trendline support, and pending fundamental catalysts presents a high-probability opportunity to push toward the $3,500 area—provided the trendline and $3,340–$3,350 support hold. A drop below would invalidate the bullish outlook and favor deeper retracement.
The bear market is over? Short at high and long at low📰 Impact of news:
1. The interest rate remains unchanged and leads to new lows in the short term
2. Geopolitical tensions provide support for risk aversion
📈 Market analysis:
Due to the early closing yesterday, the volatility of the US market was limited and the market seemed relatively flat. From a technical perspective and the current trend, 3340 is a key defensive support level. If it retreats to this level, you can consider going long. If the gold price continues to rise and reaches 3375, from the perspective of trading strategy, you can choose to place a short order here. Focus on the resistance line of 3370-3375 during the day, and pay attention to the support of 3345-3335 below.
🏅 Trading strategies:
SELL 3370-3375
TP 3360-3355-3345
BUY 3345-3335
TP 3360-3370
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
Gold rebounded. Continue to short during the dayThe next day, the gold daily cross K-line closed flat, and after being under pressure around 3388, it fell to 3347. Because it failed to effectively turn positive, it means that the decline is still continuing. Many people say that the bulls will reverse the trend after regaining 3370, and they also told me that 3347 should be taken in the middle line. I also seriously tell you that 3380 is the real pressure level of yesterday's hourly long upper shadow line. At least the price must break through here and stand firm before we can see the dawn of reversal. There is also the most critical barrier 3405 above. In the recent rhythm, the price will be corrected after each new low. Yesterday, chasing the short at 3370 was a typical position of aggressive washing, so you can't chase it aggressively in terms of position. Position determines confidence!
The daily middle track support has been punctured. Although this is the mid-term lifeline support of the bulls, it does not mean that it will not be broken. It can only be said that some friends are too obsessed with the bulls! At present, the short-term price is oversold. If it rebounds, you can continue to short. There is no need to chase the short below. From the 4H analysis, the pressure is still to focus on the 3380-75 area for shorting, and the key pressure is to focus on the 3400 mark. No matter where the decline stops and rebounds, you can short once below 3380 during the day. In summary, the main short and auxiliary long continue to be the main tone. For more specific operation suggestions, please follow Charlie (the best position for the market effect) FX:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLDQ2025 EIGHTCAP:XAUUSD ACTIVTRADES:GOLD
XAU/USD) 3H Analysis – Bearish Breakdown Toward $3,244 Support!Price at analysis: $3,340.99
Indicators:
EMA 50 (Red): $3,375.05
EMA 200 (Blue): $3,340.54
RSI (14): 31.10 (approaching oversold zone)
🔺 Key Resistance Zone:
Price consistently rejected at the upper blue trendline (highlighted by red arrows).
Double top pattern visible, with strong rejections from ~3,420–3,450 range.
Horizontal resistance area (green box) was tested multiple times without breakout.
🔻 Bearish Signals:
Price broke below EMA 50, retested, and failed to reclaim.
Currently sitting right around the EMA 200, acting as last dynamic support.
Breakdown below EMA 200 would signal strong bearish continuation.
RSI at 31.10, nearing oversold – however, no bullish divergence present yet.
🎯 Target Zone:
Bearish move could aim for support zone around $3,243.73, as shown in the purple box.
This target aligns with historical consolidation zone and is marked as “target point” on chart.
🔄 Scenario Outlook:
🔵 Bearish Case (more likely):
Breakdown confirmed ➡️ Sell rallies toward 3,375 with SL above 3,400.
TP: 3,244 support zone.
🟢 Bullish Case:
Only valid if price reclaims above 3,375–3,400 resistance.
Would invalidate short-term bearish outlook.
🧠 Trader's Tip:
Watch for volume confirmation on breakdown.
Monitor RSI closely—oversold bounce possible, but trend still weak unless 3,375+ reclaimed.
📉 Conclusion: Bearish structure emerging. A confirmed breakdown below 200 EMA supports short setups toward the 3,243 zone. Risk management is key—price action near 3,340 will determine next leg.
GOLD H1 Intraday Chart Update For 20 JUNE 25Hello Traders we are now at closing day of the week, for today market expected is in tight range and better to wait for closing of the week
strong resistance for the day is 3382 level while strong support for the day is 3333
scalping range for today is 3340-3375
Disclaimer: Forex is Risky
GOLD precise analysis, gold rebounds and goes short.The Fed's June resolution kept interest rates unchanged, but Powell's hawkish remarks (expected to slow down the pace of future rate cuts) suppressed gold prices, causing gold prices to fall from around $3,396 to $3,362; the rebound of the US dollar index put short-term pressure on gold, but gold rebounded slightly when the US dollar pulled back; the conflict between Iran and Israel continued to ferment, and safe-haven demand partially supported gold prices, limiting the decline. After several days of volatility, gold opened slightly higher today and then fell sharply to $3,347.56/ounce, breaking the unilateral decline in the volatile trend. The 4-hour moving average was in a short position, the Bollinger band narrowed, and the gold price was running near the lower Bollinger band, so today's operation rebounded and went short.
3369-70 short, stop loss 3382, target 3358-53.
XAU/USD Technical Analysis 📊 XAU/USD Technical Analysis (June 18, 2025)
🟢 Current Market Overview
Price: $3,381.19
The market is currently trading within a defined range, showing consolidation above a strong support zone.
🔍 Key Technical Levels
Support Zone: $3,360 – $3,375
This level has been tested multiple times and held firmly, indicating strong buying interest 📈.
Resistance Zone: $3,435 – $3,455
Price has previously rejected this zone, suggesting active sellers in this area ⚠️.
🧠 Price Action Insight
The recent price structure shows a pullback into support after a strong bullish move.
The current consolidation suggests accumulation before a potential breakout.
A bullish reversal pattern seems to be forming near support, pointing toward a possible rally toward resistance.
📈 Projected Move
📍 Scenario: Bounce from support zone → Break toward resistance.
The marked projection curve suggests price may retest support, then rally to the $3,440–$3,455 resistance area.
🧾 Trading Outlook
Bias: Bullish (above $3,360)
Entry Zone: $3,365 – $3,375
Target: $3,440 – $3,455
Invalidation: Break and close below $3,355 (would indicate weakness) 🚫
📅 Fundamental Context
Multiple high-impact USD events are approaching 🇺🇸 (noted at the bottom of the chart). These could cause volatility and may act as catalysts for the breakout.
✅ Conclusion
The market is currently in a bullish accumulation phase above strong support. As long as this level holds, a move toward the resistance zone remains the high-probability scenario. Monitor closely for confirmation via bullish candlesticks or volume increase.
Gold: update hello friends✋️
According to the recent growth of gold, you can see that it is constantly resisting and forming a falling pattern.
For this reason, it can be a warning that the fall can continue and the price will fall to the specified limits.
🔥Follow us for more signals🔥
*Trade safely with us*
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our levels deliver the magic!!
Yesterdays update, we stated that we got the move into 3393 just like we analysed for the first level of swing and that we will now look for ema5 to cross and lock 3372 or 3393 to confirm direction.
🔄 Update:
No ema5 lock above 3393 confirmed the rejection into 3372 followed with ema5 cross and lock opening the full swing range test into 3353. We got the test and the perfect bounce back into 3372. A move into 3393 will complete the full swing 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 gives 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 ranges give bigger bounces than our weighted levels - that's the difference between the two.
BULLISH TARGET
3440 - DONE
EMA5 CROSS AND LOCK ABOVE 3340 WILL OPEN THE FOLLOWING BULLISH TARGETS
3463
EMA5 CROSS AND LOCK ABOVE 3463 WILL OPEN THE FOLLOWING BULLISH TARGET
3483
EMA5 CROSS AND LOCK ABOVE 3483 WILL OPEN THE FOLLOWING BULLISH TARGET
3508
BEARISH TARGETS
3418 -DONE
EMA5 CROSS AND LOCK BELOW 3418 WILL OPEN THE FOLLOWING BEARISH TARGET
3393 - DONE
EMA5 CROSS AND LOCK BELOW 3393 WILL OPEN THE SWING RANGE
3372 - DONE
3353 - DONE
EMA5 CROSS AND LOCK BELOW 3353 WILL OPEN THE SECONDARY SWING RANGE
3330
3306
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
The market is closed today. How to arrange gold in the evening?📰 Impact of news:
1. The interest rate remains unchanged and leads to new lows in the short term
2. Geopolitical tensions provide support for risk aversion
📈 Market analysis:
The market is expected to not fluctuate much today. Generally speaking, it is difficult to stand on one foot to form a short-term bottom. There should be a second wave of bottom exploration, a secondary low point, and then the bottom is explored and pulled up to break through the previous high point. Only then can the turning point be officially established and the decline end. Moreover, the 1H moving average is spreading downward. Therefore, in the short term, we still pay attention to the 3375-3385 line of resistance and the 3360-3355 line of support below.
🏅 Trading strategies:
SELL 3375-3385
TP 3365-3360-3355
BUY 3360-3355
TP 3370-3380-3405-3420
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD