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GoldViewFX - WEEKLY CHART UPDATEHey Everyone, This is the weekly chart we have been tracking and following for our long-term targets. Just like last week another weekly candle body close above 1787. We did see the push down once again like last week. However, as you can see, this retracement once again went down for the detachment to EMA5 and found support like last week. Soon as price attached to the EMA5, we saw price continue to push back up and break 1787 and close above it. We have now seen 4 weekly candle body close above 1787 opening up a long range gap to 1858 but not confirmed. However, please keep in mind a similar situation highlighted on the chart previously. We can still see a rejection on this zone for a bigger drop into the lower range, as seen on the last historical challenge. We need to see EMA5 cross and lock above 1787 and not just candle body close to confirm the break and gap target to 1858. This is how we confirm whether it's a breakout or fake out. EMA5 has slowly creeped up and is now touching 1787 and at crucial challenge point of this level. We will either see the big retracement down or the cross and lock to open and confirm the 1858 target We will use our smaller timeframe setups to navigate this range level to level. 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 XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - END OFF WEEK UPDATEHey Everyone, Following on from yesterday, as expected a nice bounce from 1783 Goldturn. We trailed our long positions all the way upto 1800 for a perfect finish to the week. We have a back to benchmark range at 1815 from yesterday's breakout, which we expect a retest on at some point and also a gap above left open to 1831. We will keep these levels in mind in mind and as always look to get in from the right support levels, like we did today. Any big drops are buying oppurtunites for us. We will now come back boxing day for our multi timeframe analysis and plans for the coming week. Although volumes will be low during the holiday period, we will be active as always and continue to monitor and update the chart ideas. Enjoy your weekend with family and loves ones. 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 - Market UPDATEHey Everyone, We slowed down yesterday after hitting our 1822 target and expected retracement to jump back into the longs. There was an ema5 detachment to 1805 which we identified as the first point of support for retracement, which was HIT perfectly. We tested the waters with a small buy position, which we took out as we could see price heading for our once-a-month MA21 touch on the daily chart, which is also in line with ma200. This usually provides good dynamic support, so we took a stronger buy position from the bottom to bank and trail. As you can see from the daily chart although we saw a well overdue retracement down in gold today the overall structure still remains in a Bullish framework, and we are still within the swing range of our 1H chart. If we see a EMA5 cross below ma21 on the daily chart we can expect the lower support highlighted to be tested otherwise failure to cross and we should see price head back into hitting the upper levels that have now been left open. Waiting patiently and taking strategic entries, like we do, is the safest way to trade these conditions and range management is crucial. 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 XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
18
USDJPY shortConsidering recent PMI data shows an economic turnover, declaring the possibility of the end of a recession for the US and therefore creating a stronger currency. However, long term data suggests a weaker dollar as investors are looking for increasing interest rates for a stronger currencies against the inflation. The technical analysis indicates a reversal at the zone likely to become a resistance. The zone was hit today but is likely to be hit again. If not, the trend is likely to continue and therefore the trade can still be taken.
Short
by vf_investment
5
BEARISH MOVE ON GBPUSDSold GBPUSD Entry 1.2020 Sl 1.2180 (160 pips) Tp 1.0685 (1335 pips) Weekly resistance met +200 MA showing weakness to the bullish side on the daily TF. Large institution is in a short position on the pair. The UK economy is in a horrible position. By the looks of it, their major issues such as their energy prices and increased cost of living are being resolved, but in fact are getting worse with their energy prices reaching a new ATH. Until this is addressed properly, I see a continuation to the downside.
Short
by ErnieTrades_
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSREPOST FROM 18TH DECEMBER Hey Everyone, Please see our 4H CHART setup with updated Goldturn levels and targets. As you can see 1773 held well as support last week with a new Goldturn at 1779 and now we are seeing price head towards the upper resistance structure towards 1808. We will track and trade this movement level to level confirmed with cross and lock and continue to buy dips from support levels. BULLISH TARGETS 1797 1808 1815 EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN REMAINING LEVELS 1822 1828 1836 1844 BEARISH TARGETS 1791 1785 1779 1773 1763 SWING RANGE 1763 EMA5 CROSS AND LOCK BELOW 1763 WILL OPEN THE LOWER LEVELS 1753 1746 1739 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 XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
18
💵Australian Dollar/U.S.Dollar💵 Analyze (Short term,12/21/2022)Australian Dollar/U.S.Dollar made a bearish AB=CD harmonic pattern near the PRZ(Price Reversal Zone) and trend line. I expect the Australian Dollar/U.S.Dollar will go down to the support zone at least. 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Timeframe 15min⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
💵British Pound/U.S.Dollar 💵Analyze (Short term, 12/19/2022)!!! British Pound/U.S.Dollar completed the double zigzag correction on PRZ(Price Reversal Zone). I expect the British Pound/U.S.Dollar will continue this downward trend. 🔅British Pound/U.S.Dollar ( GBPUSD ) Timeframe 15min⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3