XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Goldignals
GoldViewFX - Market UPDATEHey Everyone,
Another fantastic day of trading for us. As you can see our 1H chart idea is playing out perfectly. Tracking the movement level to level. We saw the movement down into the retracement range yesterday, which provided the bounce we highlighted for a lovely push up into the level shown by our arrow on the chart idea.
Small gap remaining to 1977 target to complete this move, which is playing out as we post this.
We will now wait patiently to see 1977 hit and then cross and lock for further movement up towards the upper highlighted levels. Should 1977 fail then we will continue to track back into the retracement range and trade this level to level.
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,
This is the weekly chart we have been tracking and following for our long-term targets.
Previously we hit our 1858 target, which we identified with our analysis and setups and we also advised that we had a new long range target at 1928 and then 1986. This was confirmed with candle body close only, which is also playing out perfectly. The move up was very aggressive so EMA5 has not had a chance to cross and lock. EMA5 cross and lock will only strengthen these targets further.
As you have seen previously while tracking the weekly chart, we will see swings up and down and a slow climb starting with candle body closes followed with ema5 detachment touches down for retracements before we get a push up to hit the next targets.
Locking at historical movements in this range, we will keep in mind expected swings down, which have historically been good buying opportunities from the dips
We will use our smaller timeframe setups to navigate and trade 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