GoldViewFX - Update on LEVELS & TARGETS$$Hey Everyone,
Quick update before NFP. Our target at 1814 axis was HIT perfectly. Once again our Goldturn and Axis strategy confidently hitting targets. We have come onto this platform in a short space of time and making noise. That's all credit to our setups and strategies.
We now have an immediate range of 1804 and 1814 between two historical and recent Goldturns. We may see NFP momentum break either of these levels, but do not let the momentum and noise throw you off plan. We will watch how EMA5 challenges those two levels and not price alone. Once we see a break with ema5 and candle body close we will be more clear on next target. Whilst we may see some retracement from 1814, which we also capitalized on, ultimately we remain Bullish from dips and our strong support levels.
HOURLY CHART SHOWING TARGETS HIT (SEE RELATED POST BELOW)
We will continue with our updates.
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GoldViewFX
XAUUSD TOP AUTHOR
Sellsetup
GoldViewFX - Daily chart UPDATEHey Everyone,
Just a quick share of our DAILY chart for end of play. This chart clearly shows our Goldturn trendline (Our unique way to draw trendlines) being respected. Ema5 has failed to cross below the trendline and it looks like todays candle will close above this trendline, securing EMA5 within the boundary.
Although we can see price break below the trendline and create some selling frenzy to get traders stuck, the clear cross of EMA5 would give us the stronger confirmation. Therefore until we see a EMA5 break, we can safely continue with our plans to buy dips.
We will come back in the morning with more updates and generally we will be watching the market and taking it easy due to NFP. Any trades we take will be small LOTs and low exposure, unless we really get a sweet spot!!!
GoldViewFX
XAUUSD TOP AUTHOR
4H Chart UPDATE & TARGETS$$Hey All,
Our plans to buy dips have played out well. We started with a buy signal that we took profit at 1805 and then took buys from every Goldturn level. We traded small lots due to the expected volatility around news events and NFP coming up and banked between 20 to 30 pips on each level to secure the profits. We then saw price drop to the 1789 Goldturn level and we got our entries at 1795 that we are riding up and banking on the way. Having our overall target of 1814 gives us the confidence to buy dips at Goldturn support levels.
We can see EMA5 bouncing of 1804 Goldturn and turning. This candle closing here will secure that target.
We will continue with our plans to buy dips unless we see 1789 break with EMA5 and not price alone.
Please don't forget to like, comment and follow, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Update on LEVELS & TARGETS$$Hey Everyone,
End of day update for you all. Once again its crystal clear and no Smokey screens, we called it again!!!!! We called the move up from 1795 and each target hit as planned. We had 1805 hit and now seeing some retracement. Our next bull target sitting at 1814.
We would like to see ema5 remain above 1800 to provide the support needed for this target. Any break on these Goldturns highlighted will create the momentum needed for the next target. We can choose to use this to trade the levels up and down or maintain buying dips. Due to having NFP this week, its difficult to bank on a one way trip to target, so we are managing our LOTs to accommodate the swings.
We will be posting updates daily with any changes to our plans or analysis. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Updated LEVELS & TARGETS$$Hey All,
Quick update with hourly chart levels and targets.
We have a immediate range of 1795 and 1805. We are looking for each level to break with EMA5 to confirm next. The new Goldturn channel formation is geared up for the upper level touch with EMA5 cross above MA21 providing some momentum for 1805.
Please review market update on related post below for overall analysis and please don't forget to like the post.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATEHey All,
Quick end of day update. 1808 target hit and now we have some resistance here on this level. We will look for EMA5 to cross and close above 1808 to confirm movement to the next level at 1814.
1789 is the most recent Goldturn support on the H4 chart and also inline with historical Goldturn support on this level. This secures our Bullish structure above this level and hopefully has taken over the strong hold support of 1766.
We have banked all buy trades at 1808 and now we can see the price retrace. We are hoping for price to find support above 1795 -1800 to continue with our move up. If we see price fall below that then we will wait for the stronger support at 1789 to be challenged before resuming with our plans.
As always we will keep our followers updated with any changes and updates to our plans.
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GoldViewFX
XAUUSD TOP AUTHOR
Get ready to short GBPUSDHello everyone !.
This signal meets all shorting requirements except the "M" pattern that will definitely form once price hits the flipping zone which is also a confluence and price will therefore be touching the trendline for the third consecutive time.
The DXY has been bearish which has been taking the price of GBPUSD to previous highs and once the news for Jolts job openings Is out, DXY will bounce back to it's monthly high and send GBPUSD and subsequent XXXUSD pairs back down.
Once fundamentals come out and supports our analysis,please go all in using proper risk management but we have an incredibly bearish bias on GBPUSD.
Price should head back down to it's 1.34400 region before any more major move !.
GoldViewFX REPORT - Updated Levels & Target$$Hey All,
Earlier today we posted the H4 range and trading zones to support entries and exits and our overall analysis, please see related post on range management below.
We updated our hourly chart levels with stronger Goldturn support and resistance levels to help trade these levels.
Goldturn Resistance levels:
1808
1830
1850
1872
Goldturn Support levels:
1788
1766
1747
1726
The range between each level is roughly 20pips to 30pips. This will be enough for us to observe EMA5 cross and close with candle body close to confirm target to next level and allow us to move the range with the price action.
We can see 1788 broken with EMA5 and candle body close leaving an open target to 1766. This is likely to get HIT and a crucial support area that we are likely to see some support on. Hopefully enough support to resume with more upward movement. The pattern in which the price is moving and price staying supported above the this range is keeping us within our Bullish structure. Should we see 1766 break with EMA5 candle body close then we will start seeing the lower levels, 1747 and 1726.
On market open, as much as we can see 1766, we will take caution because the break on 1788 with EMA5 confirming 1766 was off the back of momentum from last weeks news events. Normally I like to see price settle down from news driven momentum and to start seeing some organic movements. It is the organic movement and EMA5 break and candle body close that is more stronger to target. We can already see end of play Friday price retraced and broke back above 1788 and EMA5 is also following for a cross above 1788 and sitting just on the line creating a Goldturn. We need to observe this in the first hour of the market open to see if EMA5 has crossed and locked with candle body close. Should this break and lock above 1788 it will open gap to 1808, which will be the more organic break and target.
The ideal sequence we can potentially see play out will be 1766, 1808 and then 1830 with some resistance at 1820 before 1830. If the order of sequence doesn't quite play out we are still likely to see these targets get hit in some order.
Please stay close for regular updates throughout the week. Should we make any changes to our trading plan, we will be sure to update you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - RANGE MANAGEMENT SETUPHey All,
We will post our usual analysis for the week on our weekly GoldView report shortly before market opens. This is a quick post using historical ranges using range HIGH and range LOWs to create support and resistance trading zones and the range of the potential swing in the trading zone.
Its really important, as a trader to identify the potential reversal in order to manage the reversal on your equity and exposure without making rational cuts too early or hold a reversal, when the swing range is too big for your exposure. Every trade entered; 8 out of 10 times it reverses, we need to work this into our trading psychology in order to make room for this in our risk management and make sure the potential swing falls within our risk appetite.
We have highlighted the zones to BUY and SELL with the central zone for take profit, which is inline with the ranges consolidation area allowing any swings and momentum based movement to come back to this range for consolidation, providing a safe zone to take exits before you find yourself trading against the range and outside of the SWING RANGE. If you find yourself trading against the range, it should only be within the swing range, which provides more confidence in coming back into direction then stretching out your equity, with no plan or a range management map.
We hope you find the range management map useful for the current range and it helps you to see a clearer picture of what the price is doing. Remember nobody can tell you what the market will do or predict the movement 100%. The best anyone can do is use historical data to have a better idea and speculation of what the price may potentially do, based on what it did before and how it reacted to similar market dynamics before.
Please don't forget to like, comment and follow to support us, we really appreciate the likes and it helps us to bring more content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H chart UPDATE and PROJECTIONThis is our 4chart update. We can see price broke out of the Goldturn channel to the downside and now challenging the bottom of the range box 2. Price has crossed this level down but now we are waiting to see EMA5 cross this level with a candle body close. This will then open gaps to 1770 and 1766.
We expect to see some support at 1766, 1770 levels and then hopefully a formation of a new EMA5 channel targeting 1789, 1804, 1814, 1826 on the next run.
I hope all our updates and analysis has served everyone well this week.
Please don't forget to like, comment and follow to support us, we appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Updated LEVELS and TARGET$$We have updated all the strong Goldturn levels using historical turns. We will look to see how EMA5 breaks each level with candle body close to allow us to trade each level in stages and analyse its movement at the same time.
We hope to see the price find support and retrace back to its Bullish structure. We can see from zooming out, each time an ascending channel is broken to the downside, in this market structure, we see retracement back up to test the channel again. We can potentially see some retracement down to as low as 1766 to then resume back to target 1808, 1828.
The market has dropped 2 ranges, we have had an awesome month of targets being hit. This is not the time to jump back in. We will let the momentum settle and price settle into a range before we start to commit to new positions.
Please don't forget to like, comment and follow to support.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Update on LEVELS and TARGET$$We posted this last week and this was a live example of back to Benchmark. We got our 1852 target although we were hoping to also see 1856, which is left open and then FOMC triggered the move down also inline with a strong resistance, we already identified for shorts last week. see below;
This chart played out testing the 1850 zone and then dropping to the floor of the channel. Crucial area for the Bulls to potentially find support.
Although we missed the 1856 Target (see below) which was our final target and inline with some of our channel ceilings, we still remain confident to pick up buys from better entries here.
The chart below, which we have been following all week played out perfect again hitting all targets, however final target slipped and the drop down has now stalled, at the zones we identified as a strong support to still maintain bullish structure for us to buy dips.
Charts and levels all point towards support here and we hope to see some movement up from here. However we will let the FOMC momentum settle before making any strong plans. We are taking signals both ways but will be keeping the LOTS small and just observing till the end of the week.
The Goldturn levels are strong levels, if you follow them, then just watch how they break with EMA5 and candle body close, to confirm next level.
Please don't forget to like the post, comment and follow, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
POSSIBLE SHORTING OPPORTUNITY ON CADJPYCADJPY has been in a corrective structure for months now and it looks like the bears might get the upperhand here. However we will be reactive and not predictive and go with what we see and not feel. Will update as time goes on, stay tuned!
Good Luck.
God Bless!