GoldViewFX - Market UPDATEHey Everyone,
Our 1H chart is playing out once again level to level. We suggested yesterday that we had a gap once again to 1982 after the bounce from 1938 Goldturn support. This was HIT perfectly today. We took our entry from the dip for a clean 30 to 50 pip exit, inline with our plan to buy dips.
We are now seeing a EMA5 cross and lock above 1982 weighted Goldturn leaving a gap to 2006.
As stated yesterday, although the swing range is open, that does not mean a full test but more so a likely open range that we must now incorporate when managing our risk exposure. We will continue with our plans to buy dips from strategic Goldturn support levels to stay in line with our overall long term trend.
BULLISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050
BEARISH TARGETS
1982 - DONE
1955 - DONE
EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907
SWING RANGE
1915 - 1907
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Forexanalysis
GoldViewFX - Market UPDATEHey Everyone,
Another great day for us catching the ride up from our 1938 Goldturn support level, inline with our plans to buy dips. All active targets on this chart are now complete. From the Bullish targets at the start of the week to the retracement target and back up again with a open gap to 1982.
As stated yesterday although the swing range is open, that does not mean a full test but more so a likely open range that we must now incorporate when managing our risk exposure, as we continue with our plans to buy dips from strategic Goldturn support levels to stay in line with our overall long term trend.
This played out as planned with a nice bounce on 1938 Goldturn today for another push up during FOMC with plenty of opportunity to buy the dip.
We will continue to track and trade this range level to level using our Goldturn break and close and continue with our plans to buy dips to avoid swings in this volatile range.
The range above is complete unless we see 2006 broken with EMA5 on the next challenge, in which case we will see the upper levels open. However, the range below is open so we will keep this in mind when continuing with our plans to buy dips inline with our long term trend.
BULLISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050
BEARISH TARGETS
1982 - DONE
1955 - DONE
EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907
SWING RANGE
1915 - 1907
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone,
As you can see our 4H chart idea is playing out as projected. Our open Bullish target to 2005 was HIT perfectly and then followed with a rejection on the resistance structure and into the retracement zone identified completing all bearish targets. This retracement zone is also a support structure so we would now like to see how EMA5 reacts to this level.
If we see a EMA5 cross and lock below 1948 then the swing range will be open. Failure to cross and lock below 1948 and we will see another push up.
The 1H chart idea has already locked below the retracement zone opening the 1H swing range. However, please note the opening of the swing range does not mean a full test but more so a likely open range that we must now incorporate when managing our risk exposure, as we continue with our plans to buy dips from strategic support levels to stay in line with our overall long term trend.
BULLISH TARGETS
2005 - DONE
EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN
2024
2035
2060
BEARISH TARGETS
1987 - DONE
1968 - DONE
1948 - DONE
EMA5 CROSS AND LOCK BELOW 1948 WILL OPEN 1924, 1906, AND 1882
SWING RANGE
1882
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
Great start to our week with our 1H chart idea with our open target to 2006 getting HIT. We had no EMA5 cross above 2006 so we got the retracement we were looking for into the first bearish retracement target area for a lovely bounce catching a nice clean trade.
We will continue to track and trade this range level to level using our Goldturn break and close and continue with our plans to buy dips to avoid swings in this volatile range.
BULLISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050
BEARISH TARGETS
1982 - DONE
1955
EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907
SWING RANGE
1915 - 1907
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
A Good Trade to Gain Times The Risk on NZDCADNzdcad has an excellent trend continuation setup coming into play.
First, on the daily timeframe, the price is going higher. Second, I see clear signs of higher highs and lows.
Next, the price is pulling back. That's great because the further it pulls back, the closer it gets to where I want to enter the trade.
I'm using my TMP strategy with a Fibonacci to increase the reward.
The reward-to-risk ratio is 2.18, allowing a chance for me to double the profits I can make on the trade.
What can invalidate this setup?
Well, the only two things that can invalidate this setup are if the price does not touch my limit order and continues higher or if the price stops me from the trade, which I'm okay with. I'm just happy for the opportunity to participate.
What about you?
GOLD Today 20/03/2023XAUUSD
Today GOLD opened with a correction to support at 1977. Prices are still seen in the range 1977 - 1987. The increase of 3% that occurred last Friday has not been followed by a price correction make it is likely will occur today. Will GOLD rise back to its all time highs? we'll see once the correction is made and confirm this week.
BUY LIMIT 1951 SL 1940 TP 1985
R3 2003.728
R2 1996.578
R1 1987.934
PV 1977.788
S1 1971.315
S2 1957.539
S3 1949.775
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 1H chart Goldturn levels and targets.
Price closed above 1982 Goldturn on Friday leaving a candle body close gap to 2006 Goldturn. However, we will like to see EMA5 cross and lock above 1982 to strengthen confirmation of the target.
Price is challenging a resistance structure so we may see some reaction here and therefore highlighted a potential retracement zone. If we see further Bullish momentum then we would look for EMA5 cross and lock above 2006 to open targets towards the upper structure.
We will continue with our plans to buy dips to avoid swings in this volatile range.
A word of caution here. As some of you may have observed, when global banking stocks fell sharply after the recent SVB collapse, investors fled to gold as a safe haven. The only scenario where gold would also tank in a financial meltdown is if we see another market crash like the one in 2020 at the height of the Covid pandemic. Gold also crashed in March of that year only because investors were taking profit and rolling out of their gold positions to meet margin calls and offset losses elsewhere. Our advice is to remain with the bull direction and buy from value zone dips.
BULLISH TARGETS
2006
EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050
BEARISH TARGETS
1982
1955
EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907
SWING RANGE
1915 - 1907
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 4H chart Goldturn levels and targets.
Price closed above 1987 Goldturn on Friday leaving a gap target to to 2005 Goldturn.
Price is challenging a resistance structure so we may see some reaction here and therefore highlighted a potential retracement zone at 1948. If we see further Bullish momentum then we would look for EMA5 cross and lock above 2005 to open targets towards the upper structure.
We will continue with our plans to buy dips to avoid swings in this volatile range.
BULLISH TARGETS
2005
EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN
2024
2035
2060
BEARISH TARGETS
1987
1968
1948
EMA5 CROSS AND LOCK BELOW 1948 WILL OPEN 1924, 1906, AND 1882
SWING RANGE
1882
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART UPDATE
Hey Everyone,
Please see the daily chart setup we have been tracking for a few months now.
This chart has been playing out perfectly from the test to the retracement zone we highlighted all the way up to our last target at 1927 finally HIT to complete this chart idea. We now only have a candle body close above 1968 leaving a gap target to 1992.
We will use our smaller timeframe chart ideas to track the movement level to level and continue with our plans to buy dips.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - WEEKLY CHART UPDATE - BOOOOM!!Hey Everyone,
Please see our weekly chart idea we have been tracking over the last few months, which we now complete today, all the way to the finishing line.
A fantastic call all the way to our final target!!!!
Once again we will come back Sunday with our multi timeframe analysis and our updated trading plans for the week ahead. Have a great weekend all and Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
GoldViewFX - 4H CHART Market UPDATEHey Everyone,
Another great day of buying dips from 1919 all the way upto 1930 for a safe exit.
As you can see our 4H chart idea is also playing out perfectly.
We got the EMA5 cross and lock above 1906 we were looking for; opening the upper levels hitting 1928 and now leaving a gap to 1948 for the final stretch of this chart idea. We are now entering into a resistance structure zone and wont chase this unless we see another dip to find support.
We will stick with our plans to buy dips for the continuation and use EMA5 to track the movement level to level on our 1H and 4H chart.
We have a candle body close above 1928 leaving a gap target to 1948. However, ema5 cross and lock above 1928 will solidify this target, although we already have a ema5 cross and lock above the weighted 1906 Goldturn level opening up the entire range.
EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882 AND 1894
BULLISH TARGETS
1882 - DONE
1894 - DONE
EMA5 CROSS AND LOCK ABOVE 1906 WILL OPEN;
1928 - DONE
1948
UPDATED SWING RANGE - 1854
BEARISH TARGETS
1865
1854
EMA5 CROSS AND LOCK BELOW 1854 WILL OPEN 1836
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
Another fantastic day of trading for us with all our targets HIT and complete. EMA5 crossed and locked above 1908, as advised yesterday opening 1914, which was HIT yesterday leaving 1924 and 1930 open. This was HIT today completing our 1H chart setup. Price finished off with hitting and respecting our 1937 Goldturn perfectly and then rejected their for a move down back into the range.
Levels on the chart are still valid, as price is back in the range between both the support and resistance structure. We can continue to track the movement using EMA5 cross and lock above or below any of the weighted Goldturns on our chart in the range to continue to track the price level to level.
Please also review our 4H, daily and weekly chart idea on the related posts below for additional range cover.
BULLISH TARGETS
1868 - DONE
1874 - DONE
EMA5 CROSS AND LOCK ABOVE 1908 WILL OPEN 1914, 1918, 1924, AND 1930
1914 - DONE
1924 - DONE
1930 - DONE
BEARISH TARGETS
1908 - DONE
1903 - DONE
1896 - DONE
UPDATED RETRACEMENT RANGE
1896 - DONE
EMA5 CROSS AND LOCK BELOW 1882 WILL OPEN THE SWING RANGE.
UPDATED SWING RANGE
1857
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
EUR/USD Bulls Gearing Up?The MACD has shown trend continuation divergence (A.K.A "Hidden Divergence"). After the price action found footing at that pivotal zone (1.0550 - 1.0600), the Bulls appear to be gaining some strength.
We have a strong gap to fill around 1.0640 but we'll have to see what happens during CPI numbers tomorrow morning.
Based off of the longer term time frames, EUR/USD could see a run towards 1.1100+ as long as we do not trade back below 1.06000.
If EUR/USD is pushed back down below 1.0600, the trade idea is invalidated.
GoldViewFX - Market UPDATEHey Everyone,
Once again our updated idea posted yesterday has played out perfectly. As advised yesterday we were waiting for EMA5 cross and lock above 1908 to open the upper levels. This played out perfectly, followed with our first updated target at 1914 being HIT.
We then saw a retracement down exactly into the retracement zone we identified completing all bearish targets. This then followed with a few bounces off this range back into 1908, as highlighted on our chart, providing plenty of opportunities to milk buys from dips, as part of our plans.
Price is now testing 1908 structure once again, leaving the upper levels open above. However, as always we will continue to buy from dips allowing us to manage any swings safely minimising exposure.
BULLISH TARGETS
1868 - DONE
1874 - DONE
EMA5 CROSS AND LOCK ABOVE 1908 WILL OPEN 1914, 1918, 1924, AND 1930
1914 - DONE
1924 -
1930
BEARISH TARGETS
1908 - DONE
1903 - DONE
1896 - DONE
UPDATED RETRACEMENT RANGE
1896 - DONE
EMA5 CROSS AND LOCK BELOW 1882 WILL OPEN THE SWING RANGE.
UPDATED SWING RANGE
1857
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone,
We have already HIT all our targets on the 1H chart idea we shared yesterday. We have now updated the Goldturn levels and targets for the upper range that has opened.
Price is now testing 1908 structure and we will now wait to see if we get a EMA5 cross and lock above 1908. EMA5 cross and lock above 1908 will open levels upto 1930.
We have also adjusted the retracement range and swing range which are likely areas of test should we see the levels break with EMA5. This will allow us to navigate the ranges and plan our entries to buy dips.
BULLISH TARGETS
1868 - DONE
1874 - DONE
EMA5 CROSS AND LOCK ABOVE 1908 WILL OPEN 1914, 1918, 1924, AND 1930
BEARISH TARGETS
1908
1903
1896
UPDATED RETRACEMENT RANGE
1896
EMA5 CROSS AND LOCK BELOW 1882 WILL OPEN THE SWING RANGE.
UPDATED SWING RANGE
1850
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H Chart Market UPDATEHey Everyone,
Our 4H chart idea has played out perfectly with EMA5 cross and lock targets of 1882 and 1894 being HIT and then 1906 completing the structure test
The previous swing range played out perfectly and we have now updated the swing range to 1836 should we see a deep retracement.
We are now looking for EMA5 to cross and lock above 1906 to open the levels all the way upto 1948.
1906 is resistance structure, which now has a 4H candle body close confirming the break. However, we would like to see EMA5 cross and lock this level to confirm this break. Failure to cross and lock will see a new Goldturn and then a potential retracement down. Either way it still supports our Bullish plans to buy dips.
We will keep this in mind to navigate the range and plan our entries and exits and continue with our plans to buy dips from support levels.
EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882 AND 1894
BULLISH TARGETS
1882 - DONE
1894 - DONE
UPDATED SWING RANGE - 1836
BEARISH TARGETS
1865
1854
EMA5 CROSS AND LOCK BELOW 1854 WILL OPEN 1836
SWING RANGE
1811
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 1H chart Goldturn levels and targets. We can see the structure support held well providing a nice push up. The structure support is maintaining our Bullish setups. 1868 and 1874 are targets that are open.
We have also adjusted the retracement range and swing range which are likely areas of test should we see the levels break with EMA5. This will allow us to navigate the ranges and plan our entries to buy dips.
BULLISH TARGETS
1868
1874
BEARISH TARGETS
1863
1857
1854
EMA5 CROSS AND LOCK BELOW 1846 WILL OPEN THE SWING RANGE.
SWING RANGE
1825 - 1830
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART UPDATED LEVELS AND TARGETSHey Everyone,
Please see the daily chart setup we have been tracking for a few months now.
This has been playing out perfectly with the 1817 Goldturn failing to break with EMA5 confirming the Goldturn support for the push up into our 1857 target. This is the 1817 support level we highlighted last month advising to keep an eye on. This helped us confirm the bottom. We now only have a candle body close above 1857 leaving a gap target to 1879.
The Bullish targets do not mean a one way ride and swings are always expected. This is why we continue with our plans to buy from dips allowing us manage ranges more effectively and safely should the market swing and turn.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
Please see our weekly chart update.
As stated last week and same again this week the swing range providing the range to buy dips and yet again we saw this play out with a nice bounce back up from the swing range. However the difference this week is we have a weekly candle body close above 1858 leaving the range above open.
Please remember weekly charts ideas are not one way setups. As you have seen previously, while tracking the weekly chart you we will see swings up and down. The weekly move requires detachment resets that can take a week to hit, making it difficult to establish a intraday setup. We can expect swings down and therefore, we will use our smaller timeframe setups to navigate and trade this range, level to level, while keeping the overall structure in mind.
We have a long range target above that still remains open, giving us further confidence with our long term plans to buy dips.
LAST UPDATE
This is the weekly chart we have been tracking since last year. As you can all see, we tracked this move all the way down and then all the way up level to level. We then saw the reaction on the axis trendline resistance for the move down. This Axis trendline was respected perfectly.
There is still room for further movement down as we are seeing price head towards the swing range. The swing range is a strong support zone and we will likely see a reaction within this range.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
GoldViewFX - END OF WEEK UPDATEHey Everyone,
We don't have to say much you, just need to look at this chart that we shared from last Sunday. Just beautiful!!!!!
We got the swing range to buy dips, as part of our plans and then rode all the way up into our final target that we highlighted at 1865 - BOOOOM!!!!
All our chart ideas for the week played out and now complete for a perfect finish. We were able to use our E MA5cross and lock to navigate the range down and up.
We will now come back Sunday with our Multi timeframe analysis and trading plans for the coming week,
BULLISH TARGETS
1836 - DONE
EMA5 CROSS AND LOCK ABOVE 1836 WILL OPEN 1854 AND 1865
1854 - DONE
1865 - DONE
BEARISH TARGETS
1836 - DONE
EMA5 CROSS AND LOCK BELOW 1836 WILL OPEN THE SWING RANGE
SWING RANGE
1811 - DONE
Hope you all have a smashing weekend and please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR