GoldViewFX - How to Draw our Goldturns & Goldturn trendlines
Hey Everyone,
We have been getting a lot of messages to highlight how we draw and identify Goldturns and draw Goldturn trendlines. So this post will help you all understand how we draw this and help you understand the flow of some of our analysis.
Goldturns are Support and Resistance drawn using EMA5, it helps us identify Strong levels of support and resistance levels with less noise and more concrete in their reaction to price action that is catchable. The best way to explain this; its price movement in slow motion, not too fast to analyze and catch and not too slow that price hits target before we can catch the movement. Its the SWEET SPOT for price action ! ! !
This can now be used to draw Goldturn support and resistance levels and use for intra day trading, as you would use other support and resistance levels. This can be drawn and used for m15 chart for scalping, H1, h4 chart for intra day trading and Daily chart and weekly for long term.
The Goldturn levels also allow us to use them to draw trendlines and channels that are again stronger levels to be able to identify when a channel/trendline breaks in or breaks out or is respected and allows us to negate the fake outs that we see with momentum driven candles
However what you have seen me use over the months to identify Goldturns as TARGETS and AXIS TARGETS and my SIGNALS, are my custom formula that allows me to calculate the weight of the level in terms of their strength to magnetize or repel price. This secret I have to keep to myself for now, maybe once we reach about 40,000 followers we can then open up some of this. For now this is enough for the average trader to draw and use as stronger support and resistance levels and for the Newbie trader and everybody else to be able to follow our work.
Please don't forget to like the post. The more likes we get, gives us an indication of the kind of content we should be sharing more of.
GoldViewFX
XAUUSD TOP AUTHOR
We have been getting a lot of messages to highlight how we draw and identify Goldturns and draw Goldturn trendlines. So this post will help you all understand how we draw this and help you understand the flow of some of our analysis.
Goldturns are Support and Resistance drawn using EMA5, it helps us identify Strong levels of support and resistance levels with less noise and more concrete in their reaction to price action that is catchable. The best way to explain this; its price movement in slow motion, not too fast to analyze and catch and not too slow that price hits target before we can catch the movement. Its the SWEET SPOT for price action ! ! !
This can now be used to draw Goldturn support and resistance levels and use for intra day trading, as you would use other support and resistance levels. This can be drawn and used for m15 chart for scalping, H1, h4 chart for intra day trading and Daily chart and weekly for long term.
The Goldturn levels also allow us to use them to draw trendlines and channels that are again stronger levels to be able to identify when a channel/trendline breaks in or breaks out or is respected and allows us to negate the fake outs that we see with momentum driven candles
However what you have seen me use over the months to identify Goldturns as TARGETS and AXIS TARGETS and my SIGNALS, are my custom formula that allows me to calculate the weight of the level in terms of their strength to magnetize or repel price. This secret I have to keep to myself for now, maybe once we reach about 40,000 followers we can then open up some of this. For now this is enough for the average trader to draw and use as stronger support and resistance levels and for the Newbie trader and everybody else to be able to follow our work.
Please don't forget to like the post. The more likes we get, gives us an indication of the kind of content we should be sharing more of.
GoldViewFX
XAUUSD TOP AUTHOR
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