GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts with our chart idea playing out as analysed.
After completing 3260 and 3308 yesterday, we stated that we now had ema5 lock above 3308 opening 3340.
- This was done perfectly completing this target with plenty of time to get in for the action. We are now seeing ema5 lock above 3340 leaving 3428 open. Any rejections on this zone will see price testing the lower Goldturns for suport and bonce inline with our plans to buy dips within the overall structure.
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
3260 - DONE
EMA5 CROSS AND LOCK ABOVE 3260 WILL OPEN THE FOLLOWING BULLISH TARGETS
3308 - DONE
EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3340 -DONE
EMA5 CROSS AND LOCK ABOVE 3340 WILL OPEN THE FOLLOWING BULLISH TARGET
3382
EMA5 CROSS AND LOCK ABOVE 3382 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGETS
3478
BEARISH TARGETS
3217
EMA5 CROSS AND LOCK BELOW 3217 WILL OPEN THE BEARISH TARGETS
3174
EMA5 CROSS AND LOCK BELOW 3174 WILL OPEN THE SWING RNGE
3126
3078
EMA5 CROSS AND LOCK BELOW 3078 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3034 - 2979
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 bulls are coming on strongFrom the 4-hour analysis, gold bulls are making another strong impact. On the top, we pay attention to the short-term suppression at 3385-90 and the suppression at 3400. On the bottom, we pay attention to the short-term support at 3350 and the important support at 3336-40. In terms of operation, we mainly go long on pullbacks. In the middle position, we should watch more and do less, chase orders cautiously, and wait patiently for key points to enter the market.
GOLD (XAUUSD): Your Plan to Buy
The recent fundamentals pumped Gold prices again.
The market is currently trading above a significant
daily resistance.
To confirm a validity of a breakout and to avoid a trap,
I suggest paying close attention to a minor horizontal
range on a 4H time frame.
Your signal to buy will be a 4H candle close above 3388.
It will confirm a breakout and increase the chances that the price will go up.
Goal will be 3435
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GOLD (XAUUSD): Trading Plan BEFORE FOMC
Gold bounced yesterday, as I predicted.
Today, we see a retest of a broken daily resistance
that turned into support after a breakout.
BEFORE FED Rate Decision today, there is another opportunity
to buy Gold:
I see a double bottom pattern on an hourly time frame.
Bullish violation of its neckline and an hourly candle close above
3394 will provide a strong intraday confirmation.
It will push the prices at least to 3429 level.
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XAUUSD: Channel Up aiming for 3,750Gold has turned bullish again on its 1D technical outlook (RSI = 65.582, MACD = 62.840, ADX = 38.882) as it crossed above the 4H MA50 again, following a bottom on the HL trendline of the 4H Channel Up. The 4H RSI made a DB and the new bullish wave is already underway. We expect a similar +18% rally to the top of the Channel Up (TP = 3,750).
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Bulls slow down the highs and don’t chase the bullsGold operation strategy:
1. When gold rebounds, go short at 3336-45, stop loss at 3353, target at 3280-3295, continue to hold if it breaks;
2. When gold falls back to 3280-3295, go long, stop loss at 3274, target at 3325-30, continue to hold if it breaks;
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our Bullish target at 3260 hit, followed with ema5 cross and lock opening 3308. This was hit perfectly also completing this target.
We are now seeing ema5 lock above 3308 opening 3340. Any rejections on this zone will see price testing the lower Goldturns for suport and bonce inline with our plans to buy dips within the overall structure.
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
3260 - DONE
EMA5 CROSS AND LOCK ABOVE 3260 WILL OPEN THE FOLLOWING BULLISH TARGETS
3308 - DONE
EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3340
EMA5 CROSS AND LOCK ABOVE 3340 WILL OPEN THE FOLLOWING BULLISH TARGET
3382
EMA5 CROSS AND LOCK ABOVE 3382 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGETS
3478
BEARISH TARGETS
3217
EMA5 CROSS AND LOCK BELOW 3217 WILL OPEN THE BEARISH TARGETS
3174
EMA5 CROSS AND LOCK BELOW 3174 WILL OPEN THE SWING RNGE
3126
3078
EMA5 CROSS AND LOCK BELOW 3078 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3034 - 2979
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
Will the price of gold rise or fall?From the perspective of the 4-hour cycle, a big negative line closed, covering the previous positive lines, and breaking the support of the 5-day and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock, the Bollinger middle rail is not broken, and it may rise again to the high point of 3430. Therefore, gold has experienced a big rise and fall in this cycle, and it is possible to rise or fall now. In the short cycle, first pay attention to the support effect of 3360-3350 under the weakness of the early trading. If it is not broken, you can continue to be bullish, with the upper target at 3400, and then look at 3430 if the strength is strong.
Has the trend of gold's high dive turned bearish?Technical analysis of gold: Breaking news, China and the United States are preparing for tariff talks, which is a major negative. Gold plunged more than $60 from the 3438 USD line in the early trading, and it should have reached the top within the day; if there is no major positive push, the early high of 3438 should not be broken again, otherwise once it breaks through 3500, it will definitely break, but it is unclear how far it will go above 3500. Gold started to retrace from the 3438 position in the early trading. It is currently expected to stop falling at the 3350 support area in the early trading. In the short term, it is necessary to pay attention to whether the gold weekly line will form an evening star pattern. Once the evening star structure is formed, gold will most likely confirm that it has peaked in stages, and will experience a large-scale retracement in conjunction with the weekly top divergence! However, the daily trend is relatively repeated, so we still need to focus on the impact of news on the trend!
Gold price continues to rise wildly after the holiday!Technical analysis of gold: Gold soared all the way after opening on Monday yesterday. Although it retreated slightly during the period, it continued to maintain its strong pace. So far, it has reached a high of around 3386, with an increase of about 150 US dollars. The daily line is also supported by the middle track, directly breaking through the suppression of the moving average system, and allowing the market to become strong again after two weeks of baptism. The strong and rapid rise in the morning of the day also formed two possibilities. Either the bulls will continue to exert their strength, but this requires support in the later period, especially in the European and American sessions of the day. The highest reached around 3386 in the morning and then retreated, and the lowest reached around 3350. If it continues to fluctuate in this range before the European session, it may still have room for upward movement in the later period. On the contrary, if the European session directly breaks through in the opposite direction, it is very likely to be converted into a decline in the shorts, not a retracement correction of the bulls;
Gold fluctuates and tests new high again!Gold surged and then fell back, and the pattern needs to be sorted out; the stochastic indicator crosses at a high level, and runs downward, the indicator and the pattern resonate and adjust; the top and bottom conversion below, the support point of the sideways rise is in the range of 3380-3370; if it falls back and keeps going down, then the main trend is to pierce the trend and fall back to the range of 3390-3200; the range span is relatively large! In terms of short-term operation ideas, according to the suppression near 3440, the short-term correction is expected; the support position below is near 3290 and 3205; there are many short-term cards; deal with it according to the range;
Gold latest market analysisAt present, the gold 1-hour moving average crosses downwards and the short positions are arranged. Now it is under pressure at 3270 and is suppressed and falls back. 3270 is still the key turning point for gold bulls and bears. Although there is a rebound, the magnitude of the decline is not large. If the pressure at 3270 is not broken, the gold bulls will not reverse easily for the time being. After the rebound, it will continue to fall, which means that the strength of gold bears is still there, and the gold reversal will naturally not reach a new low, so that the gold bulls will usher in a new turn. Gold operation strategy reference: Short (buy short) two-tenths of the position in batches near the rebound of gold at 3260-3265, stop loss 6 points, target near 3230-3210, break to see the 3200 line.
Gold operation strategyFrom the 4-hour analysis, gold bulls are making another strong impact. On the top, we pay attention to the short-term suppression of 3385-90 and the suppression of 3400. On the bottom, we pay attention to the short-term support of 3350 and the important support of 3336-40. In terms of operation, we mainly buy when the price falls back. In the middle position, we always watch more and do less, and follow up orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: Buy when gold falls back to 3350-53, and cover long positions when it falls back to 3336-40, stop loss 3327, target 3380-3385, and continue to hold if it breaks;
Gold trend analysis: Don't chase the rise in the US marketThe 1-hour moving average of gold begins to turn, so the unilateral decline of gold has temporarily come to an end. However, the rise of gold has reached the key resistance area in the early stage, which is the starting point of the early stage near 3330. It is obviously not appropriate to chase long at this position, so the short-term may begin to adjust. Gold will go short near 3300 in the US market. The market changes rapidly. If gold breaks upward and does not fall back, there will be no opportunity to go long. There is no need to chase gold. Go short first and wait for the decline and adjustment.
Gold strategy: It is recommended to go short at 3325-28, stop loss at 3337, and target at 3308-3295-3280;
Gold rises strongly and bulls restart!At present, the support of the 4-hour cycle is around 3330. If there is a chance of a decline, you can follow the bullish trend. In terms of short-term gold operation ideas, it is recommended to do more on pullbacks and short on rebounds. The upper short-term focus is on the 3415-3420 line of resistance, and the lower short-term focus is on the 3330-3350 line of support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operations.
Latest gold operation analysisFrom the daily level, the current price resistance is in the 3310 area, which is the key watershed of the band trend. If the price is below this position, the subsequent band will be shorted. At the same time, for the short-term four-hour price resistance, it is in the 3253 range. The gains and losses of this position determine the key to the short-term trend. The price will consolidate up and down at this position in the short term. Pay attention to the support of this position and further test the daily resistance area before looking at the pressure.
Risk aversion in the international situation is escalating! Gold has risen strongly again, breaking the shock, and there is basically no pullback. It is very likely that the risk aversion sentiment will be released directly, and gold will start to adjust again. Therefore, it is not suitable to chase more at this position now. It is better to wait patiently for the opportunity to fall back. Gold may rise and fall at any time. In the shock rise, it is very likely that the price will return to the starting point or lower in the later trend, but it can continue to rise. This is a feature of the shock. At the same time, the current market is not extremely strong and is still in the shock rise. Therefore, don't chase more, but retrace to support more.
Investment strategy: Gold 3340 short, stop loss 3050, target 3200
Gold's safe-haven stimulus led to a strong rise!In terms of short-term gold operation ideas, it is recommended to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3328-3330 resistance line, and the short-term focus on the lower side is the 3260-3252 support line.
Gold operation strategyFrom the 4-hour analysis, the upper pressure is around 3336-3345, and the lower support is around 3280-3293. Continue to rely on this range to maintain the main tone of high-altitude and low-multiple cycles. For the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold will first rebound and adjust its rhythm.The 4H chart is a bullish structure. In the short term, it is necessary to continue to be strong, with the target of 3202-3500 connecting the 50% rebound point of 3350. In the medium term, before breaking through the 61.8% rebound point of 3386, maintain a bearish mindset. Short-term support is 3310, strong support is 3304-3300; short-term resistance is 3328, strong resistance is 3336-3350. If it breaks through strongly, pay attention to the attack and defense of the 3370-3386 range.
Although the bulls are strong, don't chase them at high levelsFrom the 4-hour analysis, the upper pressure in the evening is around 3336-3345, and the lower support is around 3280-3293. In the evening, we will continue to rely on this range to maintain the main tone of high-altitude low-multiple cycles. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the trading session, so please pay attention to it in time.
Gold operation strategy: 1. Gold rebounds to 3336-45 line, stop loss 3353, target 3280-3295 line, continue to hold if it breaks;
2. Gold falls back to 3280-3295 line and goes long, stop loss 3274, target 3325-30 line, continue to hold if it breaks;