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GoldViewFX - Market UPDATEHey Everyone, This is our updated 1H chart from yesterday, which is playing out within the Bearish Goldturn channel heading into the swing range area. We may see some retracement up to 1742 - 1747 inline with the channel but we feel the movement down is not over. However, we are in good support area for some scalping BUYS that look safe measured with the Goldturns With a volatile week ahead we are waiting patiently for the right entries and we spent today observing and waiting patiently for a Blueprint of the range. Any deeper moves down this week will be short lived so taking the right buy entries, as a mid to longer term plan is crucial. Sell entries will only be considered if we see some solid resistance with re-tests otherwise a risky train to jump onto. BULLISH TARGET 1747 1755 1762 BEARISH TARGETS 1742 - DONE 1736 - DONE 1730 - DONE SWING RANGE 1723 - 1716 As we said yesterday the best way to trade JACKSON HOLE is to wait for the move and patiently let the momentum exhaust, measuring the momentum using the Goldturns. Ideally we would like to see movement down as deep as the momentum allows, establish a floor and then organically ride the movement up. If it heads up from the start then we already fall in line with our long term projections for Gold with our Axis target providing exit should we decide to get in on any buy signals in VIP . As always we will keep you all updated with any changes to our plans throughout the week. 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, Another day of patiently waiting for the deeper move into the swing range and then we picked up a nice BUY from support activated by our signal with the perfect exit at 1758 before the tank down. As we mentioned yesterday EMA5 break and lock below 1776 opened the swing range like we shared and now we are seeing the full swing range being tested and just shy of 1743, which is now open and we will see how price reacts to this level. We expect to see price head up from this zone, however a EMA5 break and lock below 1743 will open the lower range down to a test on support structure 1707. We will come back on Sunday with a our multi-timeframe analysis for the coming week and keeping in mind JACKSON HOLE next week so we must consider this in our risk management plan for the week ahead. Enjoy your weekend everyone 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
26
GoldViewFX - Market UPDATEHey Everyone, Once again we waited patiently for the setup and as mentioned already this week, we were either looking for a EMA5 lock above 1804 weighted Goldturn to open the upper range or a EMA5 lock below 1779 weighted Goldturn to open the swing range. EMA5 has now broken 1779 opening the swing range. We waited for confirmation on our VIP levels and took a nice sell to 1773. Another clean call with clean profit!!!! Although we remain Bullish from support, we must now take into consideration the full swing range is open and therefore we need to manage our risk accordingly with the range. We expecting a volatile day tomorrow from US session all the way to FOMC 7PM UK time and therefore we will wait for signal or setup confirmation before considering positions. If we see a move down, we will wait for momentum to exhaust before talking the ride up. However we may see movement UP during the earlier sessions so be careful not to jump in too early to ride the movement up and then get stuck on the swing down. We may see bi-directional movement tomorrow so timing is crucial otherwise you may get stuck on a buy when price is moving down or stuck in a sell when price is moving up, which is the typical situation in these market conditions. As always we will keep you all updated with any changes to our plans throughout the week. 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
Gold Weekly Rounding TopObserving Gold's weekly chart, It now appears its in a rounding Top/ Bearish Inverted Cup and Handle Pattern. In Addition to that It also appears we're possibly in the 4th wave up leading into the 5th wave, which is a retest of the C leg which I have at around $1889/1890. A rejection of this level also gives The 5th wave down the Right Shoulder to the bearish Head and shoulders pattern. I then see a sell off on the ABCD Pattern.. Where lastly The D leg of the ABCD pattern retesting the Flag Break Out. I have a short Term Target of $1840. and will look to switch to the bearish side after the 5th wave is confirmed. In Fact this whole movement by gold looks like a bearish ABCD pattern. After we reach the Finally D leg, I will look to go long and see gold retest the $2,000.00 per oz
OANDA:XAUUSDLong
by moneyflow_trader
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone, Please see 4H chart setup for the coming week with updated upper Goldturns. EMA5 has crossed MA200 again confirming the Bullish setup. We have a retracement range between 1761 and 1748 for any movement down before resuming Bullish move. However a EMA5 break and lock below 1761 will open the full swing range. We also have a gap target at 1798 left open from last weeks chart setup. We will continue to trade this level to level with bias towards buying dips strategically picking entries that also allow us to ride swings. BULLISH TARGETS 1777 1778 1798 BEARISH RETRACEMENT TARGETS 1761 E 1748 SWING RANGE 1730 - 1721 STRUCTURE SUPPORT 1694 -1685 As always we will keep you all updated with any changes to our plans throughout. 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
Gold Daily Analysis 07.07.2022Yesterday Gold made new low of 1732 and is trying to break the bearish trend line which it started from two days. For bulls to show up gold needs to close above 1746 in 4 hours. Otherwise the bearish trend will continue to form new lows. The technical indicators RSI, BB and MA are suggesting for a buy. But Price Action is not in support for Bulls as we can see from the strong red candles. As we can see from the weekly chart the Fib levels suggestt 1686 to 1760 are 68% and 50% levels since it made the high at 2070 and low 1451. So if the bearish trend continues we can expect some reversal near 1686 since no bulls showed up at the 1760. However remeber that these levels are very good for longerm BUY. So if you can wait then go for buying at these lows. We can also see the formation of a new ultra bearish trend line (Red). So dont trade for reversals unless gold closes above this line. If price comes near this line we will go for sell with small SL as the trend is bearish. For today my plan is Sell 1946 SL 1954 TP 1926
OANDA:XAUUSDShort
by boyinjungle
5
Gold: upside looking more limitedGold traded in 1820s-40 yesterday still inside the the descending trendline. 1840s now likely knocked out of the game. With the new resistance being at 1830 first and 1832-34 next. Gold is still bearish biased any move up to 1832-34 I will cautiously resell if hold with target to previous low 1821 scalping term and 1816-12 long term with possible breakdown. Gold upside limit now likely down to 1838 for the time being. Break above 1838 will require wait and see. the zones you see are from lower timeframe that why it looks like that on 4h. Goodluck
FX_IDC:XAUUSDShort
by Metalixt
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, As you can see the weekly chart is still inline with the setup and the structure is also being maintained, with every price drop being rejected at the Goldturn trendline support providing the ascending support. EMA5 is looking comfortable between 1826 and 1871 GOLDTURN, which is maintaining the current range. EMA5 cross above 1871 will open the upper weekly Goldturns and a cross below 1826 will open the lower weekly Goldturns. BULLISH Targets 1871, 1913 Retracement Range 1826 SWING RANGE 1796 We will keep this chart updated with any significant changes to the structure. 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 - DAILY CHART UPDATEHey Everyone, Update on our daily chart setup that we have been following for a while. As you can see we had another challenge to 1804 structure support, which held out again perfectly maintaining the Bullish structure. The support provided the momentum needed to push back into the Goldturn trendline support, which then found support on the retest of the trendline, gearing up for another 1858 challenge. This is a significant challenge, as we are looking for ema5 to cross and lock above 1858 to confirm and open the upper targets. BULLISH TARGETS 1844, 1858, 1881, 1899 RETRACEMENT TARGETS 1832 1804 IS THE STRUCTURE SUPPORT . This level is maintaining the overall BULLISH structure As always we will keep this chart updated with any changes to our plans. 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
Battle of trends for GoldGold have been trading sideways for long now and this is what I expect from the metals from here. The purple trend line is a new downtrend formed on the 20mins timeframe which Is my favourite timeframe you can still spot the trend on 15mtf. The red uptrend is the last 2-4h trend which have already pull back and I expect the red to be broken by the purple trend but in a situation where m formation take place on the 1 or 4h TF it could lead retest of the blue downtrend which I see less chance for that. The yellow uptrend is 4h-daily time frame trend which still leaves door open to visit 1878-90s if not broken. My bet now is test of the 1800-1753 if possible 1722 which is is located at the down part of the blue trendline. The green trendline near the blue trend is daily trend line which the up have been broken . The blue rectangle is nearest 4h zone on the done and pink rectangle is the last visited 2h zone. The oranges rectangle is zone formed on the way down from previous upswing. The tiny red rectangle is a 1h Linda resistance where there have alot of reactions. The black zone done is nearest weekly zone down. It's short over long for me for the main time still the yellow trend down is tested and if broken the blue/green trend down. Goodluck with that. Don't forget to follow @metalixt
FX:XAUUSDShort
by Metalixt
4
GoldViewFX - Market UPDATEHey Everyone, We had a PIPTASTIC start to JUNE, buying dips from support levels has played out perfectly. We saw price challenge the full swing range at 1830, which we highlighted as a strong support zone. We then rode the buys up Goldturn to Goldturn. We had all the MAs touch on the push up just MA200 is due around the 1851 mark. We can see potential retracement down to 1845 - 1839 and then another push up. We will be looking for EMA5 cross and lock or candle body close to confirm each level. BULLISH TARGETS 1851, 1857, 1860 BEARISH RETRACEMENT TARGETS 1845, 1839 SWING RANGE 1830 We are confidently buying from support levels and using any drops for those sniper entries banking 20 to 40 pips at a time to avoid swing traps. As always we will keep you all updated with any changes to our plans with regular updates throughout the day, please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
25
GOLD - Big Picture MattersLet's take a look at quaterly gold's chart. Gold seems to have a breakout to the upside and now back-tests its previous structure. That resistance -turned- support around 1880-1895 should provide great buying opportunities if gold maitains its bullish structure and heads higher after back-testing. We recommend traders to long gold at 1885-1895 with strict stop loss under 1875 and target 1930-1950-1965 (for short term trades) We recommend traders to long gold at 1875-1895 with stop loss under 1825 and target 2070-2150-2230 (for medium term trades)
FX_IDC:XAUUSDLong
by GOLDTREND-NET