GoldViewFX - DAILY CHART - LONG RANGE TARGET$$
Hey All,
Update on the daily chart timeframe, we already identified the Bullish structure on Daily chart throughout and it continues to support our setups.
The Goldturn trendline has been supported well and as long as EMA5 remains above the trendline, it is safe for us to take buys from support. We had a break at 1799 with EMA5 cross and candle body close, which opened target to 1857. That's close to a 600 pip catch, which was HIT a month later.
Trading a movement like that over a month requires a lot of emotional stamina and not advised without experience, as you can see from the swing range (1766). The best way to tackle this, is through buying dips at support and banking at resistance and then working the range till the target has been HIT. I have been doing this with you over the last few months via the shorter timeframes and now I'm hoping you can see how I'm putting it all together.
Please note, although I have shown you all how to draw Goldturn levels, the levels I draw are weighted levels that are stronger for break, lock and confirmation. This is due to the way these levels are identified. I will build this up and share with our followers, as we grow our following. Please support us by liking our post and following us, to help us get there sooner.
GoldViewFX
XAUUSD TOP AUTHOR
Update on the daily chart timeframe, we already identified the Bullish structure on Daily chart throughout and it continues to support our setups.
The Goldturn trendline has been supported well and as long as EMA5 remains above the trendline, it is safe for us to take buys from support. We had a break at 1799 with EMA5 cross and candle body close, which opened target to 1857. That's close to a 600 pip catch, which was HIT a month later.
Trading a movement like that over a month requires a lot of emotional stamina and not advised without experience, as you can see from the swing range (1766). The best way to tackle this, is through buying dips at support and banking at resistance and then working the range till the target has been HIT. I have been doing this with you over the last few months via the shorter timeframes and now I'm hoping you can see how I'm putting it all together.
Please note, although I have shown you all how to draw Goldturn levels, the levels I draw are weighted levels that are stronger for break, lock and confirmation. This is due to the way these levels are identified. I will build this up and share with our followers, as we grow our following. Please support us by liking our post and following us, to help us get there sooner.
GoldViewFX
XAUUSD TOP AUTHOR
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