GoldViewFX - Market UPDATEHey Everyone,
BOOOOOM!!!!!! We called it again!! Just a closing post for the week.
Our analysis posted yesterday once again played out perfectly. We took a sell for the retest to 1945, like we suggested in our idea yesterday and then we rode the movement up, buying from dips.
The EMA5 moving average crossing MA21 confirmed the retest to 1945 level and our new Goldturn created on the daily chart gearing for a MA21 cross supported the movement up. We remain Bullish and buying from support levels and banking 20 to 30 pips at a time, is a winning strategy for this market condition. Our experience in the market allows us to adapt, adjust and execute!!
We will post our weekly market review to prepare for the coming week on Sunday. In the mean time please don't forget to like, comment and follow us, to support our work, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Sellsetup
GoldViewFX - Market UPDATEHey Everyone,
We sound like a broken record but here it goes!!! We smashed through the targets and our analysis played out perfectly. Taking buys from dips allowed us to ride this movement from the bottom, securing profits on each level using our Intraday levels shared with our followers.
We have moved our swing range up to 1935 but would like to see support higher up at 1945. A retest at 1945, followed with a rejection will give price the momentum needed to retest the highs. For now we have targets above at 1958 again, 1966 and 1976. Markets are volatile so we will only take buys from support to avoid getting stuck in swings banking 20 to 30 pips at a time.
4H CHART
Our 4H chart for some longer range targets. We just missed the 1969 AXIS target, which remains open and valid. A break above 1969 AXIS with EMA5 and candle body close will open the longer range target of 1995.
As always we will keep you all updated with any changes. Please don't forget to like, comment and follow to support us. We really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - UPDATED LEVELS & TARGET$$Hey Everyone,
Awesome day of trading today riding the movement up, hitting all our targets. We posted this chart yesterday identifying the Bull Targets and also the swing range at 1917. This played out beautifully hitting the retracement at 1917 first, giving us the entries for the ride up. Our Goldturn levels were respected perfectly allowing us safe entries and exits
We have updated the Hourly Chart Goldturn support and resistance levels with a new swing range to 1828 and targets above at 1953 and 1958. We will wait to see if we get a EMA5 cross and lock above 1945 to confirm these upper targets. If we don't see EMA5 cross above 1945 we will see movement down towards the swing range, which will allow us to take buys back up towards the same levels.
Although we will wait to see EMA5 cross above 1945 to confirm 1953 and 1958, we already had 1958 as a target from last week to fill, so we remain confident in buying dips rather than targeting directly from this level.
Banking 20 to 30 pips at a time between Goldturn levels protects us from getting stuck in the swings and allows us to change and adapt plans on the fly.
As always we will keep you all updated with any changes to our plans. In the mean time please review and kindly don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - H1 MARKET REVIEW & UPDATED LEVELSHey Everyone,
We had some movement down today testing the lower Goldturns, which we were expecting due to the swing range we identified in this volatile range. However we remain within the Bullish structure and just need to be patient with where we pick our entries in these volatile market conditions.
Todays price action is a perfect example of waiting for the right entry. Normally we would take a buy entry from dips at support levels to ride up safely. However we had a open target from yesterday and because EMA5 broke yesterdays Goldturn high, we took a buy at the top. We quickly managed out of the buy and then took the entries from the drops, as part of our initial plan on buying dips. Second round of buys we took from the 1922 level, followed with entries from the 1911 Goldturn. Needless to say we covered the trade at the top and finished the day on profit!! This is trade and range management!
I cannot emphasize how effective it has been for us to bank 20 to 30 pips at a time. This allowed us to take entries from dips and get out with profit before the next swing providing multiple entries and exits. Taking the entry and banking at 20 to 30 pips at a time gives us better odds in avoiding the swings. Every market condition requires us to adapt and change our style according to the new structure and applying the right framework for entry, exit, exposure and PIP capture is critical to trade successfully.
We have updated the 1H chart levels with the most current Goldturn levels and will be trading this range between these levels. We are expecting 1928 as a target with some retracement close to 1917. Whilst we expect swings below, we can expect price re-test some of the upper 1900 levels in stages. Keep in mind the potential trading range from the DAILY CHART (see related post below).
Tomorrow we will wait to see if 1917 holds to support buys or we get to test 1911 again; a break here will change our setup. This will be observed before taking positions.
As always we will keep you all posted with any changes and keep everything as transparent as possible to give you all a true insight of a traders day to day journey from analysis to execution to trade management. Managing a profitable trade is easy, its how you manage a losing trade that sets you apart from the rest!!!!
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Bitcoin may be findng more weakness to disappoint bullsBitcoin remains under pressure on the Daily charts as it can not gain the enthusiasm as from previous pullbacks. The Daily Chart is in the process on moving lower...the question is can buyers fight back. If they can not and the 42530 zone holds, then I will be looking for a short and push into 30000.
GoldViewFX - MARKET REVIEW - UPDATED LEVELS & TARGETS$Hey Everyone,
This is our updated 4H chart levels with the most up to date 4H chart Goldturns.
We can see a break at 1940, which opened target to 1896, which was HIT perfectly. If EMA5 continued and broke 1896 we would see the lower levels open up. 1896 was rejected with strong support. We saw price go back to challenge 1940 but no break.
We may see another challenge at 1896 but remain Bullish towards 1940 again, as we have an outstanding target at 1958 and the fact that 1896 was supported, it sets the price up to challenge the Goldturn channel again in stages to 1995. If this channel is not tested and broken in the coming weeks then we will see 1896 break below for lower targets.
The 4H chart setup remains Bullish above 1896 and therefore I am confident in taking buys from support levels and taking exits of 20 to 30 pips to avoid swings.
1H CHART UPDATE
The 1H chart had a break at 1935 opening 1922 which was HIT perfectly. We are now looking for EMA5 to cross 1922 with candle body close to open another challenge to 1906. A failure to break this level will see price head towards the upper targets again, as we have a gap at 1958, which was left open from a EMA5 break and candle body close above 1935.
We have a swing range of 1888, which is still supporting our Bullish setups and the rejection here last week only strengthened this level. We remain Bullish above 1888!
As always we will keep you all updated with any changes to the structure and our setups. The markets are very volatile with news and events providing fuel for movement in both directions, therefore we must avoid getting too hung up trying to figure out where its going and focus more on trading the levels in stages up or down.
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 is just a closing post for the week we had. We will be posting our market review and trading plan for the coming week before the market opens tomorrow.
As you can see we have HIT targets, as planned and worked the range up and down. We have outstanding targets, which we will only target with the correct setup.
I wanted to review this chart, as it has a good example of how to trade these levels in stages rather than going for the longer range target in one go. We had two open TARGETS 1958 above and 1922 below. This is where we look for EMA5 cross and lock with candle body close on any of our GOLDTURN levels leaving a gap to the next level. We had a break BELOW 1935 with EMA5 and candle body close that opened gap to 1922, which was hit PERFECTLY! The first time it was HIT on Friday, it gave us a buying opportunity to 1935 on the same 1H candle, as we identified it as a support level with one target above remaining.
We are now out of trades and will look for a 1935 challenge and break again to reconfirm the outstanding target of 1958, as this gap remains open and allow us to target it, otherwise we will now wait for a fresh break and lock at 1922, which is being tested now to see 1906 and below challenged. If EMA5 fails to break below 1922, we will see a rejection here and price back to challenge 1935.
We are seeing price move down into a bearish setup with some deeper corrections that may follow, however our long term outlook for GOLD is Bullish so we will look to take advantage of these deeper corrections for buying opportunities.
We will update our trading plan for the week with our projections before market opens, so please do keep an eye out for our market review.
Please don't forget to like, comment and follow to support us. We really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATE and ROADMAPHey Everyone,
This chart played out perfectly with the movement down to 1906, although price went as low as 1895, it failed to close below the 1906 Goldturn. This provided the support needed for our next target to 1922. This played out beautifully!
1935 is our next open target and a break above this level with EMA5 will open the upper range up again, up to 1979. A rejection here will drive price back to retest 1906.
The sharp movement down over the last few days broke us out of our Bullish setup, which provides us the setups to take sells from spikes while climbing back up to the upper levels, with 20 to 30 pips capture on stronger resistance levels, to minimise chances of getting stuck in the swings.
As always we will keep you all updated with any changes to our plans, as we adapt our setups back in this range.
Please don't forget to like, comment and follow to support us, we appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET UPDATEHey Everyone,
What a volatile few days of trading, we hope everyone traded safe and managed risk during these volatile conditions.
We started our day with a signal TP and then sat back and let the price tank for us to asses how price action reacted to our Goldturn levels. Over the last month we have shared how we rode the Bull run to the top from behind, which allows us to take a safe exit from the Bull run when the market turns. We managed any buys from the top by measuring retracements and getting out early using our Goldturns.
1906 Goldturn support has held for now with a candle wick out, which followed with price hitting 1922 with EMA5 breaking and closing above 1922 leaving a target open for 1935, we also have 1922 broken down with EMA5 leaving a target to 1906 again, TARGETS open both ways. Two gaps left open to fill, 1906 being the most recent and current active gap.
The more significant challenge for us to keep an eye on is a break below 1906 with EMA5. This will open 1888, which opens the lower range, changing the Bullish structure. The range shift has happened but driven by news and FOMC, therefore it is too early determine a change in the Bullish structure, however a break below 1906 will change our plans to buy dips and we will look to start shorting from spikes.
Our 4H chart has already started shaping up with a Bearish setup with SWING range and level identified. See below;
As always we will keep you all updated with any changes to our plans and we hope you find our open transparent sharing and reviewing of changes to our ideas helpful. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UpdateHey Everyone,
We had movement down to start the day with any buys taken from the top would have had stops taken to then range manage and take entries from the Bottom. We took trades strategically from the bottom, at the right opportunity to manage any buys taken from the top.
We can see the 4H chart swing range 1948 was respected and price remains above this to maintain the Bullish structure.
1H CHART
The 1H chart swing range is at 1935 and therefore we will wait for this movement to finish before committing to stronger buys. 1935 and below may be tested, as there is room for this push down, as the MA's are gearing up for this push. We will take signals both way should they activate. But for now it will be best for us to observe and let this move play out
There is not much change in the setup, as we remain above 1935 and whilst we had movement down we must always zoom out to review the chart to really see if much has changed in terms of the structure. My plan is to continue to buy dips but will wait for this movement to exhaust before resuming these plans.
We will keep you all updated with any changes, please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATE- LEVELS & TARGETS FOR THE WEEKHey Everyone,
We had an awesome finish to the week taking exits on the buys at 2006 Goldturn and then we had a rejection, which saw price retrace down to the full swing range at 1958, see below;
The swing range gave another opportunity to buy at 1958 for exit before the next Goldturn at 1979 close to 200 pip movement. My trading plan on the chart together with the strategy to only buy 20 to 30 pips at a time always gives the opportunity to avoid getting stuck in the swings and always allowing better and safer entries strategically sitting behind the trend allowing me to capture without getting stuck. This skill I have acquired over time and requires a good trading psychology and stamina to wait patiently for these sweet entries.
We remain Bullish and whilst we had some movement down, we just need to zoom out of the charts to see the Bullish structure, please see below;
This zoomed out 1H chart setup shows the clear Bullish structure and trend and the current swings fall within the Goldturn trendline. This charts also shows room for retracement down to 1969, which we will keep in mind while takin buys from support levels or signals.
End of week retracement down has bought us back into the price range of 1958 to 2006. Therefore we have moved our swing range down to 1935 for good measure to be able to manage the swing below the range. Due to the volatile market conditions this will help us to manage any premature exits and SL hunting and will allow me to risk manage the movement within these extended boundaries outside the range. Any tests on these strong support levels will allow me to take 20 to 30 pip buys and get out safely even if the volatility pushes the price against our anticipated direction.
We have an immediate TARGET of 1995 , which was activated with the EMA5 Goldturn break and close above 1979. Lets see how this plays out. Please note I will be observing both the immediate retracement level 1969 and swing range of 1935 throughout the week, as part of my risk/money management.
As always, we will keep you all updated with any changes to our plan and targets. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
USDJPY OHLC (SELLS) MONTHLY STRUCTURE (MARCH 2022)USDJPY OHLC (SELLS)
MONTHLY STRUCTURE
(MARCH 2022)
Please support this idea with LIKE if you find it useful..
Monthly Structure for USDJPY is OHLC (SELLS), A resistance will be formed the minute Priceline and bloodline cross. Patience. Long term Sell runner after Tdi bearish cross should be the open of the monthly candle in the daily timeframe 115.505
Bearish Divergence from 5 Jan to current market price.
Trade with Caution. If price isn't able to close below the open before the 15th of this month, price will consolidate. Wait for valid entries.
Please support this idea with LIKE if you find it useful.
P A T I E N C E + D I S C I P L I N E
GoldViewFX - Market UPDATEHey Everyone,
Another BOOOMING day for us catching the buy from the 1970 dip. We caught the Buy from the 1979 Goldturn level, when it created the Goldturn above 1978. This gave us the confirmation for support, together with our setup and plans to buy dips. This played out beautifully! This was banked at 2006 followed with plenty of scalping between 1995 and 2006.
We have always mentioned how we let the price play out first and then we use the Blueprint with updated Goldturn levels to catch the movement and trade it in levels, allowing us to use the updated Goldturns for entries and exits. We have now updated the H1 Goldturn levels for intra-day trading.
2006, 2019 and 2038 are the next Bull targets with a swing range of 1958 to risk manage.
4H CHART
Our 4H chart is playing out perfectly with a nice buy we took from 1982 to 2000, as part of our plans to buy dips with a catch of 30 to 40 pips at a time. This allowed us exits without getting stuck in swings. We have a swing range of 1948 on the 4H chart to risk manage for now.
As always, we will keep you all updated with any changes to our plans. Please don't forget to like, comment and follow to support us. We really appreciate it and the likes and comments are not going unnoticed, Thank you!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - H1 AND DAILY CHART UPDATE - ALL TARGETS HITHey Everyone,
This is just an update post to review the two ideas on the HOURLY and DAILY CHART we posted yesterday.
Targets have been HIT perfectly and our trading plan played out beautifully!!
Although we are at a strong resistance here we are expecting a break above (see 4h chart on related post). If this break does not happen within the next 24 hours, we do expect some play in the swing range before can we resume for the challenge again and because I trade the blueprint and not the movement itself, it allows me to safely trade and get out on the turn.
The skill in trading is not in the direction alone but how you ride the movement! We are happy to have shared not only the direction but how we also rode the movement.
H1 CHART UPDATE
TARGET: 2060
SWING RANGE 1979
We are waiting for some ranging movement in this range, which will then allow me to plot new Goldturns and provide a more detailed plan to trade the rest of the week. Waiting patiently for a blueprint!!
As always we will keep you all updated with any changes throughout the week; please don't forget to like the post, so we can keep the post updated.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H Market UPDATEHey Everyone,
BOOOOOOM !!!!!!!!
We smashed our calls and rode the Bull all the way !!!! We are not just saying it, if you've have been following our posts (see related below) you would have caught the move with us.
2013, 2024 AXIS TARGET, 2036, AND 2060 ALL HIT.
We expect another challenge to 2060 followed with some retracement and then for our ARTs (Average Range Targets). In a new range when we don't have historical Goldturns to use, we use our own custom sequence to generate levels, we call this ART!! We will introduce this more often in the coming months, as we seek to create new highs.
We remain Bullish and we will continue with our plans to Buy dips and we will also consider any sell signals that activate on this range. When we see new ranges and breakouts the safest way to trade this, is to let the movement happen. Let price get comfortable in the new range and that will leave us with a blueprint for us to follow. This will then allow us to safely trade the levels on this range. Take for example now that 2060 has been HIT, we expect this to be hit again.
Bull Targets 2060, 2080 and 2109.
As always we will keep you all updated with any changes to our plans and setups. Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
As promised I have updated the most significant historical Goldturns on the 4H CHART that will work with our EMA5 cross and lock level to level trading setup.
I have also used our color coded BLUE (BUY) and RED (SELL - TAKE PROFIT) zones for a Bullish setup and any sells taken from the red zone can be banked on the blue zone.
We have a 2013 Trendline target and a 2024 AXIS target on the 4h chart setup, which will play a big part in confirming a continuation or rejection of this range and breakout with a EMA5 cross and lock or a rejection with EMA5 Goldturn created below 2024, which will open the full swing range to 1925. However until then we remain Bullish and buying dips confidently!
We will keep a close eye on this chart and update any changes accordingly.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART UPDATE Hey Everyone,
We have been following this daily chart for a while now and our setup and analysis is playing out, as planned. We remain Bullish on the daily chart with some expected retracement but the lowest correction we can see is 1857, which is the new daily chart swing range, as the range has moved up.
Both the previous EMA5 break and close at the significant Daily chart Goldturns have opened targets that were HIT perfectly. 1927 is the next significant Daily chart Goldturn that needed a EMA5 cross and lock, which is now confirmed and opened targets to 1977, 2027.
We will trade the levels on our H1 chart and use the daily chart to support the movement. We remain confident in our setups and will update all our followers 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