Gold is hard to break through 4000, short sellers are coming
Gold prices rose strongly in the Asian session on Monday, approaching the historical high of $3,400 per ounce, as concerns about the global trade situation intensified and the dollar fell to a two-year low due to concerns about economic recession. Despite the overbought signal on the technical side, the market's expectations of the Fed's rate cut and trade concerns continue to attract safe-haven funds to flow into the gold market.
Technical side:
Gold opened higher on Monday and has now risen from 3330 to 3394, with a range of $65. At present, gold indicators are expected to be severely overbought and a large correction may be needed at any time. In addition, the main force continues to push up gold to prevent the main force from fleeing. Gold is mainly shorted at highs below the 3400 mark!
SELL: 3394 Stop loss 3405
TP1: 3375
TP2: 3360
Goldprediction
The opportunity to retracement has come
Concerns about the escalation of the US-China trade war and the independence of the Federal Reserve pushed the dollar to a three-year low. Gold prices resumed their record rebound and approached $3,400 an ounce. The dollar weakened against almost all major currencies amid light trading during the Asian holiday. The general weakness of the US dollar and increased safe-haven demand continue to bode well for the price of traditional safe-haven gold.
The dollar continues to weaken, and gold hits a new high!
The dollar will fall sharply as Trump's aggressive tariff policy and slowing US economic growth weaken investor confidence and threaten the dollar's long-standing global dominance. Growing concerns about US trade strategy and economic slowdown are casting a shadow on the dollar's strength, and deteriorating economic indicators, coupled with the continuous expansion of tariffs, are undermining global confidence in the dollar.
The sell-off of the dollar gained momentum on Monday as US President Trump is considering whether he can fire Federal Reserve Chairman Powell.
What do you think of today's gold trend!
Let's make a simple analysis. First of all, in terms of the trend yesterday, I emphasized in the member group that the price should be long at 3300 and look for an increase. However, the sharp rise at the opening did not give a chance for a retracement, and it went straight forward for a large-scale breakthrough. Does that mean that the bulls' rise has begun? Is 3400 going to break through directly?
Because the retracement that finally appeared in the daily rhythm was directly broken, according to the current rhythm, the 4-hour trend is continuously positive, so in this kind of continuous positive market, there will be concerns about the emergence of a negative line. So fear of heights is also inevitable here. Only after the negative line correction appears, it may continue to be bullish, so today's arrangement is relatively simple, waiting for the opportunity of high sideways trading, and continue to follow up with long orders on the retracement, while paying attention to the strong pressure of the 3400 integer mark above!
Gold: Retracement to 3345 long, defend the 30 watershed, target 3380-94! Enter short orders near 3395-3398 on the pullback, defend 6 US dollars,
Trump's high tariff policy triggers risk aversion, gold price apGold prices maintained a strong upward trend during the Asian trading session, approaching the integer mark of $3,400 during the session, setting a record high. The main driving force is the market's growing concerns about US President Trump's latest tariff policy.
Trump recently announced that tariffs of up to 145% would be imposed on goods from some Asian countries, and some categories even reached 245%. According to market surveys, Asian countries also immediately imposed tariffs of up to 125% on US products, triggering concerns about the risk of a global economic downturn.
The current policy and trade uncertainties will continue to support the buying enthusiasm of non-yielding assets such as gold.
Despite the strong bull market, the technical side shows that gold is already in an overbought state, and the daily RSI index exceeds 70, indicating that there may be an adjustment or consolidation trend in the short term. If there is a pullback, the support levels are $3,350, $3,328 and $3,300, respectively, and the key support is in the $3,284 area.
Next focus of the market
This week, the market will focus on the upcoming global PMI preliminary data, which will provide further guidance on the health of the global economy. At the same time, the speech of Chicago Fed President Goolsbee may also have a certain impact on the trend of the US dollar.
Judging from the current multiple factors, the price of gold is still strong in the short term due to the support of risk aversion. However, the overbought signs on the technical side cannot be ignored, and the short-term adjustment will provide a more stable foundation for the medium-term rise.
Quide's operation suggestion:
3380 long, stop loss 3270, take profit above 3400.
I am Quaid. Seeing my analysis strategy, no matter the past gains and losses, I hope you can achieve investment breakthroughs with my help and turn every tide of the gold market into our wealth wave.
GOLD Price Analysis: Key Insights for Next Week Trading DecisionLast week, Gold briefly hit an all‑time high of $3,357 before profit‑taking drove it back to around $3,320 zone📉
Ongoing uncertainty around US‑China trade relations and a weaker dollar drove traders into safe‑haven assets, supporting bullion bids despite the pullback.
Meanwhile, Fed Chair Jerome Powell’s hawkish speech on Wednesday capped the rally for now, though tariff risks and geopolitical tensions may continue to underpin Gold prices into the new week.
In this video, we:
🗺️ Break down the key chart levels
🔍 Highlight bullish vs. bearish setups
🚀🔻 Preview catalysts that could spark the next move
Disclaimer:
This is my personal take based on experience and what I see on the charts. It’s not financial advice—always do your own research and consult a licensed advisor before trading.
#GoldMarketAnalysis #Inflation #TradeTensions #GeopoliticalRisks #TechnicalAnalysis #GoldTrading
Gold Defies the Fed – The Clash for a New Monetary Order🪙 Gold Defies the Fed – The Clash for a New Monetary Order 📈
🏆 Gold Bulls Rejoice — The Chart Speaks Loud
From $1,700 to over $3,200 — gold has defied every rule in the macro playbook. It rallied through rising rates, a strong dollar, and a supposed tightening cycle. This move isn't just about demand — it's a signal .
📉 Interest Rate Timeline: 2020–2025
Gold moved counter to monetary logic — here’s the full context:
2022 🔺 R: 0.25 ➝ 4.50
Start of aggressive rate hikes – CPI peaked at 9.1% 🔥
2023 ⚒️ R: 4.50 ➝ 5.50
Peak tightening – gold didn’t flinch
2024 ✂️ R: 5.50 ➝ 4.25
Mid-year rate cuts – inflation cooled to 2.4% ❄️
2025 🔁 R: 4.25–4.50
Fed paused, Trump pushing for deeper cuts – tariffs complicate the easing path
🇨🇳 The China Factor – A Strategic Gold Game
#1 producer AND importer
Keeps all domestic production
Estimated holdings: 13,000–17,000 tons
Investing globally (Africa, Asia, LatAm)
Possible BRICS-backed gold currency on the horizon?
China isn't just hedging inflation — it's preparing for monetary evolution.
💱 CPI From Fire to Frost
2022: CPI at 9.1% 🔥
2025: 2.4% ❄️ — near the Fed’s 2% target
Yet despite “normal” inflation, the Fed holds — a sign of deeper uncertainty.
🧭 The 4 Modes of Gold – Explained on Chart
Trump Mode : Aggressive cuts → Gold targets $3,300–$3,600
Feds Mode : Status quo → Gold tests $3,000
China Mode : Strategic surge → Long-term $3,998+
Bitcoin Mode : Digital store of value rises → Gold reverts to $2,537 zone
These are not just technical levels — they represent global monetary narratives.
🕰️ Will History Repeat Itself?
In 1873, Germany adopted gold. China stayed on silver — and lost its monetary edge.
Today, it’s not silver vs gold — it’s gold vs Bitcoin .
China stockpiles gold
U.S. institutions embrace Bitcoin
Trade wars have become currency wars
This isn't a normal market — this is the early stage of a global monetary shift .
🔮 Final Thoughts
We stand at the crossroads of history .
Gold has already chosen its path.
Bitcoin is waiting in the wings.
And fiat? Under pressure.
Stay awake. Stay diversified. The next monetary standard may already be forming.
One Love,
The FXPROFESSOR 💙
The market bullish trend continues, operation strategy.Driven by multiple favorable factors, the international gold price has continued to hit record highs this year, reaching $3,357/ounce by the close of last Friday. Although a technical correction signal appeared after hitting a record high last Thursday, it eventually closed above $3,320/ounce, with a real positive line on the weekly line and short upper and lower shadows, indicating that there is still inertial upward momentum this week. It is worth noting that while the market is expected to correct overbought at the end of the week, there are still funds that choose to buy on dips, resulting in a bottoming-out and rebound trend in gold prices last Friday, and finally closed at $3,327/ounce, further strengthening the bullish trend.
From the perspective of technical analysis, the correction on Thursday last week was supported at $3,284/ounce, which is more resilient than the previously expected $3,245/ounce previous high conversion support, so it can be adjusted to a short-term long-short watershed. The focus on the suppression effect of the historical high of $3,357/ounce is needed above. If there are major changes in the news over the weekend, especially in trade frictions and Fed policy expectations (such as Trump's remarks continue to pressure the Fed to cut interest rates), the probability of gold going up will be significantly increased.
Based on the current technical form and fundamental factors, this week's gold trading strategy recommends that the callback is mainly long, supplemented by short-term rebound short selling. In terms of specific operations, the first long order entry point can refer to $3310/ounce, which is both the ladder support level of the previous high callback and the technical retracement confirmation point. The stop loss can be set at $3290/ounce, and the target is $3389/ounce. If this resistance level is effectively broken, the upper space can be further expanded to the $3410/ounce area. Comprehensively judged, today's short-term operation of gold recommends callback long as the dominant idea, rebound short selling as an auxiliary strategy, focus on the pressure of the $3400-3420/ounce range above, and focus on the $3370-3360/ounce support level below.
When will gold's continued surge peak? Market analysis referenceTechnical analysis of gold: The recent gold bulls are very strong. No matter the daily or weekly charts, there is no peak signal. We previously estimated that 3400 is coming. Does anyone still question our prediction? However, the ups and downs of gold have made short-term operations more difficult. Last Thursday, the daily chart showed a deep V-shaped market. It was broken by 3300 and thought that the big shorts had begun. In fact, it was just a normal technical sell-off in the market before the holiday. Finally, it rebounded again in the middle of the night. Today's Asian session was even crazier, directly rising to around 3395. The big rise is not a top. Don't guess or intercept it. Moreover, this wave of market fluctuations is also the most in history. It has refreshed multiple records. For novices, surviving in such a market is the best.
In the 4-hour level, the price has made a small V-shaped reversal and continued to maintain a relatively strong trend along the short-term moving average. The 1-hour moving average continues to form a golden cross and upward bullish arrangement. Gold rose directly in the Asian session, breaking through the short-term downward trend and directly breaking through the previous high of 3357. Then the short-term 3357 of gold has formed support. Gold will continue to buy on dips when it falls back to 3357 in the Asian session. However, it should be noted that if gold falls below 3357 again, the adjustment range may increase. Recently, gold has been rising wildly under the stimulation of safe-haven. In this emotional market, you can only follow the trend, because gold keeps hitting new highs and no one knows where it will rise. However, don't chase more easily at high levels. After the volatility increases, the amplitude of each callback is not small. Opportunities are waiting. On the whole, the short-term operation strategy of gold today is to buy on callbacks and sell short on rebounds. The short-term focus on the upper side is 3405-3410 resistance, and the short-term focus on the lower side is 3357-3360 support. Friends must keep up with the rhythm
Gold fulfills weekly review expectations, Go long on the declineGold opened higher and continued to set new highs with strength, which is in line with our weekly review ideas and expectations. The weekly line closed with a full big positive, and there are still high points to be seen this week. After breaking the high on the daily line, it also continued to rise, and the shape remained strong. Before there is a high test and fall back, the short-term will continue to force a short rise, constantly setting new highs, and will not give the bears any breathing room. Therefore, the long idea remains unchanged this week. In the 4H cycle, it rebounded and strengthened relying on the middle track. The middle track support is at 3286, but the strong trend makes it difficult to have a large retracement space. The intraday short-term support remains at 3346, and if it is extremely strong, pay attention to the top and bottom support of 3358. In terms of operation, go long according to the strength of the decline, and gradually look up to 3380 and 3400. Short-term volatility increases. The specific layout is combined with the shape, and the notice before the market opens shall prevail!
Operation suggestion: Go long near gold 3346-3340, look at 3380, 3400! If it is very strong, buy gold at 3360-55!
The opening surge hit another record high! How Gold is TradedAnalysis of gold market trend:
Technical analysis of gold: the opening price rose directly during the day, the bulls were strong, and a new historical high was set. The short-term upward trend remains, and there is still room for growth. In the short term, attention should be paid to the suppression of 3380-90. If it breaks, it depends on the 3400 mark. In fact, I have been reminding everyone that gold is still very strong. Looking back at last week, although gold occasionally fell, it still maintained an upward trend, and the trend is still running according to the rhythm of the bulls. So now it has broken the previous high point again, so many investors are confused again. Can it still rise? Can short orders still be made? My point of view is bullish. There is actually no strong pressure above, judging from the current K-line structure! Even if it retreats, it will only be the acceleration point of the next wave of rise. The probability of 3340 returning here is very high, but it is not so easy to break through in one breath. There will definitely be repeated at that time. At that time, we will get on the train again and do more, and a new high.
The 4-hour chart relies on the middle track of Bollinger Bands as a support point, and the area near the retracement point ends as far as possible. The middle track is the critical point of the short-term. Last week, it stabilized at 3286 on the middle track. This week, the middle track moved up to 3300. At the beginning of the week, the short-term may rise slowly around the middle track to a new high. The slow release of space is also accompanied by a step-by-step and back-to-back shock. The volatility base is large in operation, and it is flexible to deal with it in combination with the pattern. Going long on the retracement is still the main idea at present. The support point is 3340-3335. On the whole, it is recommended to go long on the pullback and short on the rebound for today's short-term operation of gold. The short-term focus on the resistance of 3380-3390 on the upper side and the support of 3335-3340 on the lower side. Friends must keep up with the rhythm.
Gold operation strategy: short gold near 3380-3390 at the opening, target near 3370-3360, and look at 3340 if it breaks.
Strategy 2: Buy gold when it falls back to around 3340-3345, target around 3365-3375, and look at 3400 if it breaks.
XAUUSD Volatility in Focus: Caution Advised for PullbackCurrently, I estimate that XAUUSD is nearing the end of wave iii of wave (v). I present two potential scenarios:
In the black label scenario, XAUUSD may continue its upward movement to complete wave iii, with a projected target in the 3,372–3,410 range.
However, under the red label scenario, there is a possibility of a short-term correction toward the 3,284–3,301 area before resuming the uptrend toward the same target zone.
Traders should closely monitor price action, as increased volatility is likely in the near term.
Gold Prediction!Current Price: ~$3,326
Trend: Strong bullish breakout of ascending channel
Moving Averages: Price is far above the 50 EMA (white)
Still bullishly distanced from the 200 EMA (orange)
Structure: Clean breakout of rising channel and key horizontal resistance zones
-Strong daily candle closed above trendline resistance → this is a confirmed breakout
-No upper wick rejections or bearish engulfing candles
-Buyers remain in control until signs of exhaustion show
Plan: Only look for a Buy position setup for safer trade.
XAU/USD Longs from 3,220 or 3,120 back to ATHMy Analysis this week for gold is for it to keep pushing higher, even though gold has been overbought and we could at any time expect a major correction or distribution. We will be going on. current market structure and currently we have seen another ATH breach as well as multiple break of structures to the upside.
From these demand zones that have been created we will be looking for a small correction a retracement in which price will then re accumulate in one of our POI, to cause another rally to the upside.
Confluences for GOLD Buys are as follows:
- Demand zone on the 4hr and 6hr is near by for potential long setups to formulate.
- Market structure has been very bullish on the lower and higher time frame
- There is asian high above that needs to get taken out as well
- Dollar index has been bearish which means bullish movement for GOLD
P.S. If price breaks through both demand zones i do have an extreme one at 3,020 but if it reaches that low we could expect price to just start moving temporarily bearish.
GOLD (XAUUSD) Bullish Breakout Setup — Time & Price AlignmentGold has completed a bullish rotation from 3,280 and is now testing above 3,324. I’m expecting a breakout continuation into the 3,335–3,340 zone based on time, structure, and candle behavior.
📈 Entry Zone: $3,324–$3,325
🛑 Stop Loss: $3,319
🎯 Take Profit Levels:
TP1: $3,335
TP2: $3,340
TP3: $3,350 (if trend accelerates)
I will reassess if price breaks below $3,319 or fails to close above $3,328 within 2–3 candles.
This is not financial advice — it’s a time/price-based idea meant to help others learn, benefit, and grow.
Let me know if you trade it, and feel free to ask questions. Let’s build together 🙌📈
Interpretation of technical analysis of gold market opening operDue to the influence of Easter, the market was closed on Friday this week. After hitting a high of 3357, gold also ushered in a short-term adjustment! In the previous interpretation, we also emphasized to everyone that after hitting a new high, we should guard against the pullback caused by profit-taking. Especially at the critical time point when the market is about to close, but this does not mean the end of the bullish trend. After the sharp rise in gold, although there is selling pressure, gold still rose by 2.5% this week and closed above 3300.
So how should we trade gold next week?
The biggest driving factor for the rise in gold prices this time is Trump’s repeated tariff policy, coupled with the recent tense geopolitical situation, and the pace of global central banks buying gold. In the medium and long term, it is still a driving force for gold to rise.
Short-term operation: Pay attention to the first support level, which is 3310, which has been touched many times.
Short-term key support below: 3285-90
Short-term focus on high points above: 3340-45
If the breakthrough accelerates to the historical high point, everyone should be cautious in chasing more!
GOLD Weekly Outlook | Bullish Bias Remains StrongGold (XAU/USD) continues its powerful rally, printing two consecutive bullish weekly candles that reflect increasing momentum and strong buying pressure. The most recent weekly candle opened at 3229.79, dipped slightly to 3193.60, then surged to a high of 3357.67, and finally closed strong at 3327.46—just a few points off the high.
The week prior also closed bullish at 3167.72, (closed well above the open of 3034.91 with significant range).
XAUUSD Weekly timeframe
✅ Weekly Bias: Strongly Bullish
We’re clearly in a higher high, higher low structure on the weekly timeframe, and there's been no sign of exhaustion yet. Last week's candle had a small bottom wick and a large body, showing that bulls dominated from open to close.
🔑 Key Zones to Watch:
Support:
🔹 3320–3211
Resistance / Targets:
🔹 3375
🔹 3400–3420 → Psychological and potential profit-taking area
📌 Trade Idea:
I’ll be watching for bullish setups on a pullback into the 3311–3320 zone. If Gold retests this area and forms bullish price action (e.g., bullish engulfing or rejection wicks on 1H or 4H), I’ll consider long entries.
🎯 TP1: 3370–3380
🎯 TP2: 3400–3420
🛑 SL: Below 3283-3298 (structure invalidation)
📣 Final Thoughts:
Gold continues to be a beast, driven by a mix of macroeconomic uncertainty, central bank accumulation, and safe haven flows. As long as the structure remains intact, dips are for buying.
Let me know in the comments—are you bullish on Gold this coming week? Or do you see a reversal coming soon?
Analysis and layout of the latest gold market ?Analysis of gold market trend next Monday:
Gold technical analysis: Stimulated by the news, gold prices have continuously refreshed historical highs this year. As of the close of this week, gold prices have reached a high of 3357. There was a slight retracement signal after setting a historical high on Thursday, but the closing price was still above 3320. The weekly line closed with a real body longer than the upper and lower shadows, suggesting that there is a possibility of further upward movement next week. That is to say, while we are optimistic that overbought will trigger selling at the end of the week, there are also investors who continue to be optimistic about the pullback and buy into the market. So Thursday's trend is to dive from the high to 3284 and then rebound to 3327 to close. The closing price reflects that the gold price is still in a state of continued rise in the general trend.
In the short-term trend, Thursday's callback stopped at 3284, and did not reach the previous high conversion support of 3245, which we predicted. Then the support level can be moved up to 3285; as for the upper resistance, we need to pay attention to the suppression of the historical high of 3357. If the news over the weekend, especially the trade conflict and Trump's remarks, continue to stimulate the Fed to cut interest rates, then the probability of gold rising will be greatly increased. So for next week's operation, it is recommended to focus on long positions on pullbacks. As for the entry point, the first one is 3310. This is a step support level for high-level pullbacks and a retracement point during the rebound, so it can be used as an entry point to look bullish. The upper side mainly focuses on the high point suppression of 3357. If it continues to break, the upper side can continue to see the position of 3409. On the whole, it is recommended to focus on pullbacks and short positions on rebounds for the short-term operation of gold next Monday. The upper short-term focus is on the resistance line of 3357-3360, and the lower short-term focus is on the support line of 3285-3310. Friends must keep up with the rhythm.
Reference for gold operation strategy next Monday:
Strategy 1: Short gold rebounds near 3350-3360, target near 3335-3320, and look at the 3310 line after breaking.
Strategy 2: Go long on gold when it pulls back to around 3305-3310, target around 3325-3345, and look at the 3360 line if it breaks.
Analysis of gold price trend next week!Market news:
April 14 to April 18, 2025, due to the Good Friday holiday, the market was closed on April 18. There were only four trading days this week, and the spot gold market performed strongly, with a weekly increase of 2.76%. Prior to this, some investors chose to take profits after the international gold price hit a new high of more than $3,357 on Thursday. Although the current technical side shows that gold is overbought, the overall market is still in a steady upward trend.The rise in London gold prices was driven by the safe-haven demand caused by the weakening of the US dollar, trade policy uncertainty, and hawkish remarks by Federal Reserve Chairman Jerome Powell on the risk of stagflation. The economic data released this week showed differentiation, with a solid labor market but weak housing data, coupled with geopolitical risks such as the European Central Bank's interest rate cut and the Russia-Ukraine conflict, further enhancing the attractiveness of gold.Looking ahead, the bullish trend of gold remains solid, and investors should pay close attention to the Fed's subsequent policy statements and trade policy dynamics, which will have an important impact on market sentiment and gold price trends in the coming weeks.
Technical Review:
Gold daily level still maintains a strong unilateral bullish trend in the short term. There is no highest, only higher. Before the top pressure K appears, it will continue to step back and be bullish. The support position confirmed by the step back is about 3300-3290. As long as this position is stabilized, there is hope for further efforts in the future to set a new historical high.The 4-hour level is now in high-level fluctuations. The key MA10-day support moves up to 3313. As long as this moving average can be held, this cycle will still maintain a strong squeeze and pull up. At the hourly level, there will be a certain decline and correction in the short-term Asian session on Thursday, and it will be trapped in a shock consolidation. The next step is to wait patiently for the consolidation to end. The short-term pressure point middle track is also the 10-day moving average 3332-33 line. There may be multiple attempts here, but before breaking through, don't chase the rise! Pay attention to the lower track support 3313 below, and the upper track of the previous channel step back to confirm the range of 3300-3290, because the upward channel is uncertain whether there will be a false piercing. Therefore, it is recommended to wait for 3313, 3300-3290 to stabilize and rise next week, or break through 3332-33 and then step back to confirm stability, which is also bullish. After a sharp rise, it is just a small adjustment at a high level or sideways, which is to prepare for the next round of rise.
Next week's analysis:
Gold fell all the way in the US market on Friday, falling to 3283 at the lowest, but gold rose again in the second half of the night for risk aversion. Will gold return to a large range of fluctuations or end the adjustment? Then the trend of gold after the opening next week is very critical. If gold continues to rise strongly at the opening next week, then gold may be adjusted to the end, and gold bulls may continue to exert their strength. This will be seen after the opening of Monday.The gold 1-hour moving average is now continuing to diverge upward with a golden cross. If the gold 1-hour moving average turns in the short term, then the gold 1-hour will begin to adjust. So if the short-term opening is weak next week, then the gold 1-hour moving average may begin to turn, and if it is strong, it will continue to extend upward. Gold is suppressed by the downward trend line in the 1-hour short term. The short-term pressure of gold moves down to the 3332 line. If gold is still under pressure at 3332 after opening next week, then gold may continue to fluctuate downward in the short term, thereby driving the moving average to turn around. If it directly breaks through 3332 after opening, then gold will start to fluctuate in a large range.
Operation ideas:
Buy short-term gold at 3300-3303, stop loss at 3292, target at 3340-3350;
Sell short-term gold at 3350-3353, stop loss at 3362, target at 3310-3300;
Key points:
First support level: 3313, second support level: 3300, third support level: 3285
First resistance level: 3332, second resistance level: 3357, third resistance level: 3373
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 3341 and a gap below at 3307. 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3341
EMA5 CROSS AND LOCK ABOVE 3341 WILL OPEN THE FOLLOWING BULLISH TARGET
3362
EMA5 CROSS AND LOCK ABOVE 3362 WILL OPEN THE FOLLOWING BULLISH TARGET
3384
EMA5 CROSS AND LOCK ABOVE 3384 WILL OPEN THE FOLLOWING BULLISH TARGET
3410
BEARISH TARGETS
3307
EMA5 CROSS AND LOCK BELOW 3307 WILL OPEN THE FOLLOWING BEARISH TARGET
3278
EMA5 CROSS AND LOCK BELOW 3278 WILL OPEN THE SWING RNGE
3255
3233
EMA5 CROSS AND LOCK BELOW 3233 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3027 - 3179
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 3330 and a gap below at 3282. We will need to see ema5 cross and lock on either weighted level to determine the next range. We have a bigger range in play then usual.
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
3330
EMA5 CROSS AND LOCK ABOVE 3330 WILL OPEN THE FOLLOWING BULLISH TARGET
3372
EMA5 CROSS AND LOCK ABOVE 3372 WILL OPEN THE FOLLOWING BULLISH TARGET
3414
BEARISH TARGETS
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE RETRACEMENT RANGE
3224
3190
EMA5 CROSS AND LOCK BELOW 3190 WILL OPEN THE SWING RANGE
SWING RANGE
3131 - 3077
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,
After completing our last daily chart idea please see update on our new daily chart idea. We have also updated a new Goldturn ascending channel.
We are seeing price break out of the channel but will need ema5 to lock outside of the channel to confirm the breakout vs a fakeout. If this happens then the channel top is likely to to form support for a continuation, just like we are seeing the current candles bounce from the channel top, as support.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
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 from rejections, 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 fluctuates and adjusts, will next week be the key?Gold fell all the way in the US market on Friday, with the lowest falling to the 3283 line. However, gold once again rose as a risk aversion. Will gold return to a large range of shocks, or will the adjustment end? The trend of gold after the opening next week will be critical. If gold continues to rise strongly at the opening next week, then gold may end its adjustment, and gold bulls may continue to exert their strength
If gold is still under pressure at 3332 after the opening next week, then gold may continue to fluctuate downward in the short term, thereby driving the moving average to turn. If it directly breaks through 3332 strongly after the opening, then gold will start to fluctuate in a large range.
The current market is very volatile due to the impact of news, and the next trend of gold will become clear on Monday. I will continue to bring analysis to my friends on Monday