XAUUSD Top-down analysisHello 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.
Golsignals
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 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 3 weekly candle body close above 1787 opening up a long range gap to 1858. 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 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.
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
GoldViewFX - Market UPDATEHey Everyone,
This chart needs no introduction. We have been tracking and trading this chart all week alongside our 4H chart setup. We saw price break into the swing range confirmed with yesterday's cross and lock below 1637 opening 1627, which played out perfectly!!
We waited patiently for the new Goldturn to confirm the turn and took our long positions, trailed all the way to 1643 collecting over 130 pips, BOOOOM!!!!!
We are now seeing a rejection at 1646 Rangebox top and will wait for price to find support once again. Price is playing between 1646 and 1620. We will need to see a break of either of these levels with EMA5 cross and lock to consider a breakout. If we don't see a re-test of the full swing range now, then 1627 and above will provide the support for another Bull run.
We will wait for EMA5 cross and lock to confirm movement level to level and will update you all in the morning.
BULLISH TARGETS
1646 - DONE
1655 - DONE
EMA5 CROSS AND LOCK ABOVE 1646 WILL OPEN 1657 - DONE
EMA5 CROSS AND LOCK ABOVE 1676 WILL OPEN 1683, 1691, 1698 AND 1708.
BEARISH TARGETS
1637 - DONE
1626 - DONE
1620
EMA5 CROSS AND LOCK BELOW 1620 WILL OPEN 1605 AND 1592
SWING RANGE
1620
STRUCTURE SUPPORT
1592
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
GoldViewFX - Market UPDATE - BOOOOOM!!!!!!!Hey Everyone,
What a PIPTASTIC day for us with our chart setups playing out to perfection once again!!!!!
As advised yesterday we were planning our entries to catch the movement up from support levels and that's exactly what we did with a trailed TP to 1682. Our swing range was once again charted to perfection with the perfect swing.
The chart levels are still valid and re-open, as we are still within the structure range, and therefore we can continue to track and trade the movement with EMA5 cross and lock both ways.
BULLISH TARGETS
1697
1709
1725
EMA5 CROSS AND LOCK ABOVE 1725 WILL OPEN 1734 AND 1742
BEARISH TARGETS
1687 - DONE
1676 - DONE
EMA5 CROSS AND LOCK BELOW 1687 WILL OPEN 1676 - (DONE) AND 1660
SWING RANGE
1660
SUPPORT STRUCTURE
1620
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
GoldViewFX - Market UPDATEHey Everyone,
What an amazing finish to the week!!!! FINISHED OFF WITH A BOOOM!!!!
However, we would be lying if we say it was easy. Trading during periods of high volatility is not only a battle with the market but also a battle with yourself to maintain sharp discipline. We are very proud to see a lot of our members confidently navigating a difficult week in the market and finishing off with strong blues!!!!!
As analysed the wedge pattern completed its move, finishing off with breaking structure support. It's too early to confirm if the range shift will setup a new range or go for a retest to Benchmark. (Please see related post below on Back to Benchmark).
We will come back Sunday night with our views and our multi-timeframe analysis and plan for the coming week.
Enjoy your weekend everyone!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD Showing Steady Growth, 1925+ Expected as Safe Heaven!Welcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
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Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
Gold's Next move is Limited But StrongWelcome!
What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work
Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
_____________________________________________ ___
Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.