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SUPERTREND AND EMA x2 Strategy for XAUUSD SWING TRADINGTools(Indicators) used: Supertrend Indicator from KivancOzbilgic no changes. EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used). Set Length on second EMA at 50 change color to Yellow CHART 5 MINS and UP but under 1H. Preferred instrument is FXOPEN:XAUUSD Strategy:- We enter a trade upon confirmation of the following conditions. 1. When the supertrend suggests a buy. We confirm entry only when the blue line crosses the yellow from below. If both the conditions are true we place a buy order taking the previous lowest point as stop loss and profit at 1:1 2. When the Supertrend suggests a sell. We confirm entry only when the blue line crosses the yellow line from above. If both the conditions are true we place a sell order taking the previous highest point as stop loss and profit at 1:1. This is the strategy that I am using and I have been able to close 90% trades in profit. The strategy holds good almost every currency pairs and major cryptos. But I have not tried it on stocks. So reviews and suggestions are welcome to improve the strategy Please Like and Comment.... Disclaimer: The views expressed are for educational purpose only and do not constitute to trading advice. Please do your own research before acting on the views expressed herein.
FXOPEN:XAUUSDEducation
by GoldSiren
7
GoldView UPDATE on TARGET $$We posted this chart yesterday with updated Goldturn levels. We clearly marked the 1802 level that EMA5 needed to cross with candle body close confirmation to confirm 1808. This crossed and confirmed the target which was eventually hit today. Just like we predicted. We don't like to blow our own trumpet too much but we do draw some of the best support and resistance levels for gold in our unique way We are now looking for EMA5 to cross 1808, which has just started to happen and then wait for a candle body close confirmation to confirm our final axis target to 1816. This does not mean we will rush to take a position, as always we will wait for a reversal to get a nice entry for a position. For those who are following our updates daily, you can see we do things differently and we have been pretty much nailing our analysis. Please continue to show your support by liking, commenting and following us. It helps us to continue to share our ideas with you and we do really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
17
GoldView Report and Roadmap $$HOURLY CHART We had a strong push from the bulls last week and we hit our 1808 target level. Price was rejected at this level and retraced to the next Goldturn support at 1797 and candle close. However the week closed with a bullish candle close above 1797 and EMA5 yet to test so we may find support here to continue further movement to the upside. We also had an ema5 cross and candle body close above 1808 level as highlighted on the chart opening 1819 target. If price does not find support at this level and we get confirmation for a break down, then we have identified the levels price will test before resuming the open targets above. We have continued to enjoy the setups suitable for this market structure and no change of plans till we see the 1766 level broken and secured comfortably. DAILY CHART We have a 1775 Goldturn support on the daily chart that price and Goldturn being supported by currently. A rejection here will give the bullish momentum needed for the breakout above. WEEKLY CHART Weekly chart formed a pennant pattern forming a bullish outlook. We draw this using Goldturns to identify targets within. A target of 1827 identified. Planning a projected move around the range identified and how the lot sizes used effects the exposure of the account, while doing this; allows us to move the identified range and targets without fear. As always any change to the market structure and our setups we will identify and execute necessary stops and resume with an updated plan. Hope you all find our trading ideas and plans useful and it provides some insight into how we trade. Please don't forget to give us a LIKE, COMMENT and FOLLOW to support us. It helps us to continue to share our analysis with you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldView UPDATED Levels and TARGETS $$We have updated all the levels and now waiting for price to be either rejected on this zone at 1796 and then to go and test 1778 for support. This level has plenty of historical Goldturns making it a strong level. We have closed all long positions for now. If we get EMA5 to cross and lock above this level with candle body close then 1808 level will open up. Our plans for buying dips is still in motion and we will update if this changes. Goldturn Resistance Levels 1796 1808 1819 1830 1862 1872 Goldturn Support Levels 1786 1778 1766 1755 1746 Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GOLDVIEW REPORT - Analysis and Targets Gold has dropped down over 12000 points and now consolidating into a range. We are also approaching end of year and may see the price move sideways before making attempts for another breakout. We are expecting price to play within the overall range unless the price starts to play within the primary current range, in which case there's a stronger chance to challenge the 1766 support and break open the lower range. This lower range; if open, has a tight range of Goldturns moved across from historical data, which gives us confidence to still buy from this range, as we feel these areas will still provide enough support for some movement up to capture. Having many Goldturns, so close to each other gives us this confidence for now. H1 OBSERVATIONS Overall Goldturn range of 1766 to 1809. Price sitting in a current range of 1766 to 1787 and now challenging 1784 Goldturn resistance level. We also have ma200 sitting on 1787 resistance level so expecting a challenge here. We have not had a touch or cross over on ma200 for a while on h1 so this will confirm a movement up. We will wait to see how this plays out. Price for now has supported at 1766 and we have had a few candles test and wick out on this level. Two Goldturns have also formed above this level creating further support. So unless this level is taken out we will still continue to buy from good support levels. Price has also broken out of the Goldturn channel. H4 OBSERVATIONS Overall Goldturn range of 1766 - 1867 with a current primary range of 1766 - 1804. Price is currently challenging 1785, however there are two more strong H4 goldturn resistance just sitting above it, at 1793 and 1799 before any attempt is made on 1804. MA200 is at 1808 which may help the price to magnetise towards it giving the momentum to challenge these levels. We need to see a clean break of 1804 to confirm a breakout of this primary range or we can expect the price to break down, as there is only two strong support levels holding the price on H4, which is 1773 and 1766. A attempt on this level is looking like the easier technical challenge, however a break on this level will open a new range below and its looking like the easier challenge at the moment. DAILY CHART OBSERVATION The overall daily range is sitting between 1705 - 1900, with the price sitting between two strong Goldturns at 1741- 1819 and a weaker range of 1773 and 1795. Price is sitting on 1773 Goldturn and we also had price close below this level. However EMA5 is sitting above this level so good chance for this to be supported here. The challenge to look out for is 1741 for support and 1819 for resistance for confirmation of a bigger range breakout, otherwise the immediate play range would be 1773 to 1795. We are expecting both these levels to be tested again but the real challenge for us to pick a direction would be 1741 support and 1819 resistance. We hope you find this information useful and kindly request for you to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
1
Daily Chart Goldturn Support and Resistance levelsWe have updated our Daily chart levels, which we have not done for a while, as most were inline with our H1 levels before. We expected some bi directional movement for FOMC and that's what seems to be happening right now. We have outlined the levels and what we see the price doing. We will update new targets or any changes tomorrow. For now our plan remains unchanged and until FOMC is over and the price settles we don't plan to make any changes to our overall plans. GOLDTURN RESISTANCE 1886 1857 1834 1818 1794 1770 GOLDTURN SUPPORT 1762 1754 1740 1719 1710 Please don't forget to give us a like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
5
Goldview Levels and TARGETS $ $Price resisted and rejected at 1790 level. We expected this level to hold and it did. We also have a clean break outside the Goldturn channel. We may see a test on 1778 Goldturn support level, which falls just outside of the channel and in line with MA200. MA50 has also crossed over MA200 confirming some further move up. If both these levels cross and price falls back into the channel then we can expect some of the lower levels to open up, which we will confirm once we see the attempt. For now we are still very much in the same setup and 1790 and 1796 are still TARGETS. We are expecting another challenge at 1790. We are looking for EMA5 cross and close above this level with candle body close to confirm the movement to 1796. Goldturn Resistance: 1796 1790 1785 Goldturn Support: 1778 1766 We will post any changes and updates throughout! Please don't forget to like, comment and follow to support us! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
Goldview Analysis and Target UPDATE !We posted this idea yesterday for market open identifying some key support areas and two Bull targets. BOTH BULL TARGETS DONE TO THE TEE !!!! We described how the price was respecting a descending Goldturn channel and how we identify when a channel is likely to be broken and the direction of the break. We identified a goldturn support within the channel that was stopping price from visiting the bottom of the channel and as suggested we expected a break up and challenge to Goldturn targets, which it did nicely!!!! (Please see related link idea below) We still have a support target at 1778 due. A test and rejection was needed on this level to give full clearance of the channel. This leaves room for another drop to this level therefore will not add to any longs yet and we have taken profit at 1790 already. We will keep 1778 in mind and not as a target but more so for support to confirm if we have had a clear range breaker. Don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldView - Analysis - Levels - Targets Hourly Chart The market has geared up for a range breaker movement and the leading setup and structure at this point will point towards a clear direction. However we try and minimise our positions during this time of the year, as the market tends to disconnect from a technical sequence. The price is currently challenging the top end of the Goldturn descending channel, which is in line with 1785 Goldturn. A break and EMA5 cross on this level will give the range breaker momentum needed to break 1790 . The 1770 Goldturn support level has stood in the way of the price from visiting the bottom of the channel. This is part of the setup structure we identify for the gear up of a Goldturn channel break out on the opposite direction. EMA5 moving average has also crossed over all other MA's which for the short term allows us to take those buys from dips. However the longer term 50 day average cross over the 200 day average will be the more significant one to look out for. Currently both are merging close gearing up for a break out. The setup points towards a breakout UP but considering the range this is not the zone or the season to commit to a direction with exposure. Daily Chart The daily chart view below shows an overall range of 1741 to 1818, with a play range of 1770 to 1795. Ema5 is due a Ma21 challenge and 1795 sits in the centre of both averages, making it a good meeting point for a price to challenge 1795 level as a TARGET . This is the central zone of the range and personally its not an area to make any serious commitments and we plan not to. In this range and structure we just cherry pick price action from our signals and any technical setups we identify with small lots, minimum exposure. In our opinion this is the way to handle this range at this time of the year. Please trade safe and note; everything we share is our own ideas and analysis and not financial advise. If you like what we do and it helps, then please don't forget to give us a like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7