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Goldanalyis

GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone, Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range and how we have been hitting targets after targets. Previously we stated that we have a candle body close above 2686 opening 2760 and we now also had ema5 lock to further confirm this gap, which was hit perfectly completing this target and allowing plenty of time after the confirmation to get in for the action. We then had a candle body close above 2760 with a gap above at 2797, which was hit last week completing this target. 2797 has left no further candle body close and therefore we may see some rejection here. We will now look for a body close above this level to confirm a continuation or we will see lower Goldturns tested for support to establish long term range. We have now also updated the retracement and swing range on this chart. We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
GOLD ROUTE MAP UPDATEHey Everyone, A Piptastic day on the charts today once again hitting our targets and playing out, as analysed. After completing our targets this week yesterday we stated that we had a cross and lock above 2622 opening 2649 and as long as 2622 holds and we don't see a cross and lock below 2622, 2649 will remain open. - This played out perfectly, as 2622 held without ema5 crossing and gave the support for our Bullish target at 2649 to be hit, completing this target!! We will now look for ema5 to cross and lock above 2649 to open the range above or failure to lock above will see price test the lower Goldturns for support. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up and knowing we have gaps above, allows us to safely buy from dips. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2574 - DONE EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET 2599 - DONE EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET 2622 - DONE EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET 2649 - DONE EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET 2678 BEARISH TARGETS 2551 EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET 2525 EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE SWING RANGE 2506 - 2484 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
19
Gold: The End of the Bull Run or Just a Pause?After reaching an all-time high of 2685, the price has experienced a decline. Currently, the price is moving within an ascending parallel channel. Key Levels to Watch: $2680 - This level is currently serving as an immediate resistance. A new rally is expected following a successful breach of this threshold. $2530 - Previously a resistance level, this now functions as support. A drop below this point could lead to a more substantial decline. Within this 150-point range, the price seems to be showing significant volatility.
OANDA:XAUUSD
by NaranjCapital
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone, This chart was posted Sunday for the weeks trading plan and as you can all see this played out to perfection marked with our directional arrows in sequence. We had the drop into support structure and then rode the entire move up level to level confirmed with cross and lock. We continued to maintain and share our direction to buy dips for the ATH challenge and BOOOOM!!!! Once again today we took our trade activation from the drop down into 2039 Goldturn for a nice push up securing upto 50pips. We are at a crucial point now and also NFP tomorrow so expect non organic movement. The safest thing for us to do now is wait for tomorrow to be over and gather a few days data on this new range for a blueprint. Once we have a new blueprint of this range with updated levels, we will share our updated trading plans for next week on Sunday. However, for now you can still track the price using the levels on this chart, as we are seeing price within the range again. BULLISH TARGETS 1993 - DONE 2005 - DONE EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN UPPER LEVELS UPTO 2O39 - 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
12
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