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GoldViewFX - RANGE-BOXING STRATEGYHey All, We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy. RANGE BOXING creates what we call a RANGE VIEW, A clear view for price action within pre-determined zones. This then allows us to trade a ranging market and get out before a RANGE BREAKER or gear up to ride the RANGEBREAKER by identifying the RANGE SHIFT. I will define each term below and then walk you through the strategy. RANGE SHIFT This is the early signs of a range breaker or a merger of a range and allows us to start identifying when the price is about to break out of a range or MERGE (more likely). RANGE BREAKER The breakout of the range into another range confirmed with EMA5 break and candle body close above or below the RANGE BOX RANGE BOX Boxes created around a side-by-side price range, defining the top and bottom of the box with EMA5 Goldturns (See all my previous posts on Goldturns) It's the way we draw SUPPORT and RESISTANCE. They create levels with less noise and more suited to trade Gold. RANGE VIEW This is created by using historical range boxes in the same range and bringing over the boxes to the current price range. This now gives you the view of the projected range. HOW TO USE THE STRATEGY Strategy can be used on higher time frames for longer term direction; however, I find it more effective to trade with on the 1 HOUR and or 4 HOUR chart. I zoom out of the chart and look for the last time price was in this range and identify the 3 ranges. One range above (RANGE1), the middle range (RANGE 2) and the bottom range (RANGE 3). I then created boxes around those ranges 1,2 and 3 using the highs and lows of the Goldturn levels. Once this is done, I now bring those boxes and stretch the boxes across to the current price range. This now gives us the RANGE VIEW. I always put a half line across the range of a RANGE VIEW. It allows me to break down the zone to identify the RANGE SHIFT. I can now trade the current range using these levels, bouncing up and down the range. Identifying each level break and rejection using Goldturns and EMA5 breaks. If a box is broken with EMA5 and a candle body close, it's a range breaker and it opens target to the entrance of the next RANGE BOX. To enter the RANGE BOX, we again look for EMA5 to break inside with a candle body close, which then confirms movement to the half line and then same again for the target to the top of the RANGE BOX. A rejection by resistance, will then have the price come back down to find support, until we see another breakout. We can start to identify early breakouts by identifying a RANGE SHIFT and a fake BREAKOUT by Goldturn rejection. Please see the example of the chart, RANGE 3 into RANGE 2. When the half line is broken up from range 3, price started to find support on the half line from resistance to support. This allowed us to identify the structure for a RANGE SHIFT. RANGE SHIFTs are easier to catch then a RANGE BREAKER, as a RANGE SHIFT is a merger approach into a new range. I can now also apply the Back to BENCHMARK strategy, as an overlay on each range to support a BREAKOUT or RANGE SHIFT. I hope you all find this setup useful, and it adds as an additional tool to support your trading analysis. Please don't forget to like, comment and follow, it really helps us to bring more quality content to you all. GoldViewFX XAUUSD TOP AUTHOR
FX:XAUUSDEducation
by Goldviewfx
8
GoldViewFX - GVFX GOLDTURN RANGE BREAKER SETUP Hey Everyone, This is a basic yet a strong Goldturn Trading Setup in step-by-step stages. Our personal signals in VIP use an algo generated weighted Goldturn setup for more pinpoint accuracy, which is the more advanced version of this and for obvious reason we can't share this here. 1 - Draw a Goldturn on the previous days Highest point for Resistance 2 - Draw a Goldturn on the previous days Lowest point for Support 3 - Wait to now see current day price action and look to see, which level EMA5 breaks - Support or Resistance? 4 - In this example previous days Goldturn low is broken with EMA5 5 - Once EMA5 breaks level by crossing over, we now wait for a 1H candle close after the cross. This is the confirmation lock candle. 6 - Next candle is entry candle - we can see a 450-pip movement from entry. We advise to take profit at 50 pips or next Goldturn, which is a likely target or move SL and trail the movement to catch the entire breakout. Please don't forget to like the post, it helps us bring more quality content to you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
6
GoldViewFX - 20 PIP SIGNAL SETUP IN ACTION!!! This is a simple 20 pip setup that can be used in ranging conditions allowing intraday setups both ways. We look for EMA5 to crossover MA21 UP or DOWN followed with a 1H closing candle, which we call the locking candle. Once this is done, we then enter on the next candle and target 20pips. The example on this chart shows the setup in action hitting targets up and down. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the TREND LINE BREAKED and UP about 160 PIPS. We hope you get it. We have some very important NEWS coming to the USD this week, especially tomorrow. So we have to wait a bit until we get them. US INFLATION DATA to be released. Therefore, you should definitely pay attention to GOLD. Anyway, with US10Y DOWN, GOLD is going up a bit now. Anyway, we expect that GOLD will go UP to 1794 LEVEL. After that GOLD can definitely go down to 1671 LEVEL. Be careful..
OANDA:XAUUSD
by benny_marshall
XAUUSD - HOW DOES GOLD REACT USD HIGH IMPACT NEWS?#XAUUSD According to the analysis we gave to XAUUSS earlier, the TREND LINE is BREAKING and going down about 190 PIPS. We hope you get it. We have some very important NEWS coming to USD this week. So we have to wait a bit until we get them. The reason is that in this week, some very important DATA such as MANUFACTURING DATA, LABOR DATA etc. should be received. They can definitely have a very positive effect on GOLD. Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. Before that, you can definitely go to 1744 LEVEL GOLD. Be careful.
OANDA:XAUUSD
by benny_marshall
Gold analysis: Double bottom and bullish RSI divergence formingGold has fallen 2.1% in the last week, and it is now trading at its lowest level since July 21st, when it set the year's low of $1,680/oz. Looking at the technical patterns, it appears that a double bottom is forming, as $1,680 is now only 1.5% below current prices. A significant trend reversal could occur if this double bottom in prices is accompanied by a bullish RSI divergence, with the indicator failing to update new lows. Similarly, in August 2021, gold prices formed a double bottom along with a bullish RSI divergence, paving the way for a multi-month uptrend to March 2022's peaks. To see a reversal of gold's bearish trend, either the Fed must stop raising interest rates (unlikely) or markets must lose confidence in the Fed's ability to control inflation in the near future. Gold, unlike the US dollar, has not been a successful inflation hedge so far in 2022. The bullion has lost 4.5% since the beginning of the year, while the US dollar index ( DXY ) has appreciated by 13%. In practise, market participants have had some confidence that the Federal Reserve will be able to restore inflation to target. But what if inflation continued to soar despite interest rate increases? Fiat currencies like the US dollar would be an asset with negative real returns if the market started to believe that despite rising interest rates, inflation will continue to be much higher than anticipated unless the economy experiences a severe downturn. In that case, large investors' attention may shift back to gold, which has historically protected against the risk of inflation expectations becoming unanchored. Inflation expectations seem to have bottomed out in July, and they have been on the rise over the past few weeks despite rising expectations for higher interest rates, as evidenced in the 5-year and 10-year US breakeven rates . This move is telling us that the market is beginning to factor in the likelihood that inflation will remain above the 2% target for the next five or ten years. Further increases in inflation expectations during periods when the Fed raises policy rates are a warning sign that inflation expectations are becoming unanchored and the market is starting to lose faith in central banks' ability to control inflation. Further increases in inflation expectations during Fed rate hikes are a warning sign that inflation expectations are becoming unanchored and the market is losing faith in central banks' ability to control inflation. Crossing this Rubicon would lead to a new bull trend in gold's price. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:GOLD
by Capitalcom
1
GoldViewFX - EXAMPLE OF EMA5 CROSS AND LOCK STRATEGYHey Everyone, As you all know we generate two types of levels the Goldturn levels (weekly), which we share to all our members and also our VIP intraday levels (daily) for premier. We then use our EMA5 cross and lock to identify targets. Please see example of our 1H chart setup and how EMA5 cross and lock confirmed the lower targets. We can see EMA5 cross 1769 Goldturn followed with another 1H candle body close below that level. This then left a gap below to the next Goldturn 1761, which was HIT perfectly. As long as we keep the levels updated our members are able to then apply this strategy to identify open targets. We use this alongside our algo setups to strengthen our signals and direction. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
31