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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
OANDA:XAUUSD
by Goldviewfx
11
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.
Long
by InternalTraderNYC
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
OANDA:XAUUSD
by Goldviewfx
7
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
OANDA:XAUUSD
by Goldviewfx
16
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
OANDA:XAUUSD
by Goldviewfx
13
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
OANDA:XAUUSD
by Goldviewfx
10
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
OANDA:XAUUSD
by Goldviewfx
8
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
OANDA:XAUUSD
by Goldviewfx
8
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
OANDA:XAUUSD
by Goldviewfx
21
GoldViewFX - Market UPDATEHey Everyone, Fantastic day today with the swing range completing the full swing. The 4H setup is now active and we would need to see EMA5 cross and lock above 1836 to re-open the upper levels again. Our plans to buy dips is still playing out perfectly. Making sure exposure is low to allow management of swings. BULLISH TARGETS 1836 EMA5 CROSS AND LOCK ABOVE 1836 WILL OPEN 1854 AND 1865 BEARISH TARGETS 1836 - DONE EMA5 CROSS AND LOCK BELOW 1836 WILL OPEN THE SWING RANGE SWING RANGE 1811 - DONE 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
OANDA:XAUUSD
by Goldviewfx
8
EURUSD THE BULLISH PERSUSAION*DISCLAIMER* THIS IS FOR EDUCATIONAL PURPOSES AND I WILL NOT BE TAKING THIS TRADE. WHAT YOU DO WITH THIS INFORMATION IS ENTIRELY AT YOUR OWN RISK AND I AM NOT LIABLE. EURUSD has been on a prolonged bearish market on the weekly time frame, along the way it had some bullish corrections as the market cannot go in one direction for ever. I believe we're at the stage where price action will face another bullish correction but this time, will be a more significant turn around in the trend. The bullish deep crab indicates that price has been oversold and may face a bullish correction or a significant change in trend as you can see from the heavy assault from the bears. Price has tested the entire range of the PRZ first with extreme price action, marking the TPB almost exceeding the 2.0 make or break stop loss limit. The nature of price action when it comes to this particular pattern is, for price to first exceed the PRZ, then reverse immediately after testing this range. You can see how price action closes just above the 1.618 on the weekly time frame, showing the liquidity spike it did towards the late sellers leaving them trapped. This spike also indicates price action's first sign of exhaustion as this spike level of spike is huge. Back on the daily you can see price action consolidating and if you go on a lower time frame, you can see this range more in detail. One may say on a lower time frame, price action is in the accumulation phase which is the act of gathering the liquidity before the big shift towards the upside, so we can use this as a layer of confirmation for the bullish persuasion. Another layer of confirmation for the bullish persuasion is the RSI BAMM. The extreme RSI readings does a complex W type structure in the oversold reading, initiating the RSI Trigger bar. This begins the first phase of the divergence as the reading has a sharp rally towards 50% level. Although the reading did another impulse test on the oversold limit, it's okay because it did not test the 50% level as this is a minimum requirement before triggering the confirmation bar. The RSI reading does however, start to roll over after testing the 50% level which begins the final phase of the divergence which is the confirmation point. As price and RSI reading began to breakdown, this told us the short lived uptrend is over and the final push to the low has began before price action reaches a significant turning point. This "final push" indicates the composite operator is quickly trying to reach his target before the trend shifts. Scott mentions in volume 2 "The best trading opportunities develop when distinct patterns complete at important retest points for the RSI. When patterns complete while the RSI stabilizes, these signs accurately validate successful reversals well in advance." Which happened in this case, both price action and the RSI reading came in union to validate that price action has reached a significant turning point, although the RSI reading may have signalled an early trade, as price had to test and exceed the critical number in the PRZ, this has validated this PRZ as the sign post for a possible reversal. Over the past serval months I've noticed traders will place a limit order on the crucial number of the PRZ, although I respect them as they have high belief in the system, it is imperative you understand the nature of each pattern and also the time frame as so patterns may exceed the PRZ as a form a liquidity grab. Traders must remember the characteristics of extreme price action, just like in reality, if someone is desperate, they would like to achieve their target in a quicker turn around time by all means. This is where I see the human behaviour within price action. I won't go into further detail beyond this point as the rest is for my research and journal, thank you for taking the time for reading this blog. See you on the charts. Beaucoup Pips
Long
by BeaucoupPips
GoldViewFX - Market UPDATEHey Everyone, After hitting our first target of 1857 yesterday our last target of 1863 on this setup was not hit today but instead News related volatility drove the price down. We were and are expecting swings due to Powell's two day testimony, which will trigger heavy volatility like today. We took out any longs from the top and will look to ride back up when volatility settles into organic technical movement. However, as you can see our 1H chart setup still allowed us to track the movement of the volatility by first breaking the 1845 level with EMA5 confirming the swing range and now the swing range break opening the critical support structure. Its wise to take extra caution by keeping positions light this week to be able to manage the extreme volatility. If the support structure holds, we should see a back to benchmark move, unless tomorrows volatility breaks through the structure. We will update the range and levels should this break. BULLISH TARGETS 1857 - DONE 1863 BEARISH TARGETS 1852 - DONE 1845 - DONE SWING RANGE 1825 - DONE 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
OANDA:XAUUSD
by Goldviewfx
17
GoldViewFX - Market UPDATEHey Everyone, Our 1H chart trading idea is playing out as analysed. We advised yesterday that EMA5 cross and lock above 1845 structure leaving a gap open to 1857 and 1863 of which 1857 was hit today. This followed with the expected 1845 retracement target also HIT. 1863 is now the last resistance target left open on this structure. We will continue with our plans to buy from dips and manage any positions accordingly. If we see a break below 1845 then we are likely to see the swing range open. This allows us to manage our exposure accordingly when considering our plans to buy dips. BULLISH TARGETS 1857 - DONE 1863 BEARISH TARGETS 1852 - DONE 1845 - DONE SWING RANGE 1825 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
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4H chart Goldturn levels and targets. As you can see we have been moving structure to structure confirmed with EMA5 cross and lock EMA5 cross and lock above 1836 resistance structure opened 1854 and potentially the next structure level at 1865. 1854 was hit perfectly giving plenty of opportunity to get in last week inline with our plans to buy dips. 1865 structure target left open to complete full move. If we see a retracement down, 1836 will be likely level, as a retracement zone. If we see a break below 1836 then we are likely to see the swing range open. This allows us to manage our exposure accordingly when considering our plans to buy dips on the 4H chart. BULLISH TARGETS 1865 EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882 AND 1894 BEARISH TARGETS 1836 EMA5 CROSS AND LOCK BELOW 1836 WILL OPEN THE SWING RANGE 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
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, Our weekly chart update. As you can see from our last update below, we were expecting move down into the swing range before we see a reaction in price. This played out perfectly with a nice push up from the swing range support. 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 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. Therefore, we will use our smaller timeframe setups to navigate and trade this range level to level, while keeping the overall structure in mind. 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
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone, Please see our Monthly chart update, which is tracking well and playing out as analysed. Please also review the last update on this chart below, which gives a better understanding of the monthly chart setup and our plans. EMA5 detachment was fulfilled and provided the dynamic support we mentioned below for the push up. If we don't see a break above 1865 then we are likely to see price range between the two levels 1777 - 1865 before we see a break on either level for a continuation. LAST UPDATE Please review our monthly chart update. This is still valid and very much in play and gives us an overall picture of what we are likely to see and why. The monthly chart we have been tracking for a few months now, allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH, we were well overdue some correctional retracement, which is taking place this month. We also had a EMA5 detachment below between the 1832 - 1810 range, which fell inline with the movement down and played out perfectly for the touch. This monthly candle close will be crucial to see if this EMA5 detachment provides the dynamic support to start another Bull run or a test to 1777 for the Goldturn support. We still have a few days before the month closes and so its crucial to see where we finish off with the monthly close. The room to open a new range below is very close, as we see price play in the central zone of the monthly chart structure. 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
OANDA:XAUUSD
by Goldviewfx
4
GoldViewFX - Market UPDATEHey Everyone, And we close off the week and month on a high!! Inline with our plans to buy dips we were able to trade this movement up level to level from the support structure. Yesterday we confirmed that a EMA5 cross and lock above 1841 will see further push up, which played out today, as analysed and still going up. The retest today at 1841 confirmed resistance to support for this push up. We will now come back Sunday with our multi timeframe analysis and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
GoldViewFX - Market UPDATEHey Everyone, Another great day for us on the market. As highlighted yesterday we took our exit and waited to see price react to 1841Goldturn resistance. This rejected for a move back down to Goldturn support. We took a buy from the dip at1833 Goldturn for 50PIPs for a perfect exit at 1838. EMA5 cross and lock above 1841 will open the remaining upper levels otherwise price will play between the strictures. We will track the movement level to level and continue to buy dips from our support levels for safe 30 to 50 pip exits. Please also review our multi timeframe analysis on the related posts below to see our potential mid to long term targets. BULLISH TARGETS TARGETS 1824 - DONE EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841 1833 - DONE 1841 - DONE BEARISH TARGETS EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792 SWING RANGE 1792 - 1785 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
OANDA:XAUUSD
by Goldviewfx
20