GoldViewFX - DAILY CHART MARKET UPDATEHey Everyone,
Please see updated daily chart analysis.
We have drawn a channel using Goldturns, which is currently being respected by EMA5 and providing support. EMA5 is gearing for a MA21 cross this will provide the momentum needed for another push up. A failure to cross will see us test the swing range. Either way we have a long range Axis target at 1993, so any price drop into the swing range we will use as buying opportunities on the smaller timeframes, which we will share daily throughout the week.
AXIS TARGET 1993
SWING RANGE 1897
Should we see EMA5 cross below 1897 with a candle body close then we can expect further movement down to 1849. In which case we will wait for the deeper correction before continuing to buy dips again. Our strategy to buy and bank 20 to 40 pips at a time, dependant on the range, allows us safe exits should the market turn against us and then gives us a chance to get back in safely.
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GoldViewFX
XAUUSD TOP AUTHOR
Sellsetup
GoldViewFX - 2H CHART MARKET UPDATEHey Everyone,
We have had an awesome week so far, trading the range Goldturn to Goldturn and buying dips from support levels.
We remain Bullish in the long term seeking out opportunities by managing ranges and in the event of consolidation ranges we have been buying and taking profits 20 to 30 pips at a time to avoid traps for the Breakouts or Fakeouts. This strategy prepares us for both outcomes.
2H CHART RETRACEMENT RANGE AT 1910
2H CHART SWING RANGE AT 1891
2H CHART TARGETS AT 1934, 1942
We need to see EMA5 break and close above 1960 to open the upper range again. A failure to cross and lock will see a rejection back into the lower range.
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 t us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET UPDATEHey Everyone,
Awesome start to the week and month with our analysis once again playing out perfectly. Our target at 1931 was HIT with entries from 1921 and repeat entries from every dip. Banking and taking 20 to 30 pips at a time allowed us to get in and out more than once on the same target.
As I keep stating, this is the best way to capture pips in this market condition to be able to - A: Avoid getting stuck in swings and B: to maximise on capturing pips on the same target by milking the range in and out.
We have EMA5 break and cross above 1931 GOLDTURN with a candle body close, which confirms our target for 1940. We also have a retracement level at 1927 inline with MA21 and a swing range of 1911 to manage our RISK. We will continue our plans to buy from DIPS and should anything change we will keep you all updated.
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GoldViewFX
XAUUSD TOP AUTHOR
MMH POSSIBLE SELLS BUT AFTER...first of we should appreciate the fact that we are at the top of the rend line , which is our daily trendline . in this case that is our dynamic resistance zone , that has been at a pike for the longest time. we see the price fall back to structurer with intensity , breaking through the previous support zone that now is turned into several tests as a resistance zone
secondly we can see a consolidation of price around this area at the current price action. This clearly means that its a zone where lots of traders are willing to sell from. This indicates us that there are presence of STOP LOSSES AND BUY orders .(liquidity)
what we anticipate for the money makers move is to slightly spike it up for the long term sell offs.
now here is the catch. we wait for the spike the later on the break of the lower time frame structure at the current structure . for a possible entry.
POSSIBLE SELLS FOR EURUSDOn the 4 HRS structure we can clearly see the ascending channel that generally indicates the market it at a bullish trend.
at the current bearish push. Its visible that it has passed through a previous support level. Creating small wicks. our interest to short the market will play along when we see the price move back to these areas , where previous stop losses are horded by the retail traders to concur the presence of so as to create enough liquidity from the zone for a final push.
FUNDAMENTALLY
The euro has been weighed down by worries about economic damage from war in Ukraine and was parked at $1.1047, not too far from last month's almost two-year trough of $1.0806.
Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes.
There seems to be momentum for at least discussing an embargo on energy imports, which would likely come with price pain since Russia supplies some 40% of Europe's gas needs.
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
The 1H chart looks tricky at the moment. We have all moving averages converging together for a break out. Price is also sitting at the central zone of an overall RANGE.
We have targets above at 1931, 1940 and 1944 with a swing range of 1911. We had a target/gap at 1911 created from the EMA5 cross and close at 1921, which remains open. We need to keep this in mind before targeting the above targets.
Although we are seeing swings down, the structure of the market remains Bullish. We will continue to buy from dips and capture 20 to 30 pips at a time. This has worked out perfectly for this market condition and therefore we will continue with this plan until we see fit.
As always we will keep you posted with any changes and in the mean time please don't forget to like, comment and follow us, to support our work so we can continue to bring more content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone,
Updated 4H CHART LEVELS.
TARGET 1940
SWING RANGE 1896
Immediate range 1919 - 1940
Overall range 1896 - 1962
A break below 1919 will open 1896 and a break above 1940 will open 1950 and 1962.
Moving averages are converging together so we are expecting a break out. Our plans to buy from support and capturing 20 to 30 pips at a time has been the perfect strategy for this market condition and we will continue to do this.
As always any changes to this and we will keep you all updated.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART UPDATEHey Everyone,
Updated DAILY CHART LEVELS.
1916 AXIS SUPPORT is providing support on the daily chart. Although we have seen price drop as low as 1890, price was not able to close below 1916 level on this chart, maintaining the Bullish structure.
If we see a candle body close below 1916 then we will see price challenge 1885 and if we see the candle body close with EMA5 cross then 1847 Goldturn will also be open.
Maintaining this support gives us the setups needed to remain Bullish with Targets at 1948, 1959 and 1978.
These are longer range targets and levels so expect big swings in-between. We will break this down into smaller levels to trade safely.
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GoldViewFX
XAUUSD TOP AUTHOR
CRO 0.64 $ or back to 0.37 $ ?hello
I hope you are doing well.
I always like to keep the chart simple.
Green path : if today's candle closes green and above 0.45 $ with good volume, it's an entry on the daily chart.
Red path : close below 0.45 $ which is mean we can't be bullish anymore until seeing another resistance breakout, and the price will be drop to around 0.35 - 0.37 $
.....
on 4h chart , we had a retest kinda , but some people wait for bullish engulf or wait for 2 green candles to enter a trade.
also we had a bullish Divergence on RSI
.....
not financial advice !
let me know what do you think and share your ideas with me , please !
have a good day !
GoldViewFX - Market UPDATEHey Everyone,
Quick end of day update from us.
Another AWESOME day of trading for us!!!! As planned we took buys from support at 1921 Goldturn and then rode up to TARGETS of 1931, 1940, 1944 perfectly! Sharing our every move in managing the range effectively and safely.
We have moved the swing range up to 1911 and remain Bullish and our strategy to buy from dips remain in full play. We may see some retracement now but expect a re-test at 1944 Target again and then 1952. We will buy from support levels and bank 20 to 30 pips at a time or to the next Goldturn.
We will keep you all updated with any changes and will update you all with a more thorough Market Analysis for the new month start over the weekend.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UDPATEHey Everyone,
We had our 1928 target HIT on the H1 chart last night with plenty of gaps left above and then price tanked fuelled by Geopolitics. We stayed out of positions and we let the market play out till it found support. Sometimes the best position to take in the market is no position and this was the perfect call for us today.
I'm sharing this 4H CHART, which we posted before with the 4H GOLDTURN LEVELS. This chart shows EMA5 break with a candle body close leaving a gap to 1896 which was HIT perfectly also inline with the 4H chart swing range. This level of support was already highlighted, as a strong level and staying above this level keeps us within the Bullish structure.
This now gives us confidence to continue with our plans on buying dips and only banking 20 to 30 pips at a time, in such volatile conditions, gives us a better chance to avoid swing traps. Waiting patiently for the right opportunity to ride the trend is key and knowing when to stay out should be part of everyones trading plan.
We will now look for EMA5 to cross MA200 back up to provide the momentum needed for the 1940 challenge. A rejection here could see pressure for 1896 to be challenged and broken, we will be observing this closely and trading smaller LOTS to manage this risk.
As always we will keep you all updated with any changes and in the mean time please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET REVIEW - UPDATED LEVELS & TARGETS$Hello Followers,
Hope everyone had a great weekend and ready for Market open.
This is the updated Daily chart setup. We can see Gold found support above 1931 Goldturn, which was created last week and is the most recent Daily chart Goldturn support level and 1992 is the most recent Goldturn resistance level created. This now gives us a new Daily Chart Range of 1931 to 1992, which gives us a play range to manage buying dips on our lower time frames keeping the overall daily chart range in mind.
We see 1992, as the overall daily chart target, which is gearing up now with the fresh Goldturn created at 1931 providing the momentum for EMA5 to cross above MA21. If we see this cross complete, it will give price the final push needed for the 1992 challenge. We also have an AXIS target at 2005, which is our longer range target on the DAILY CHART.
HOURLY CHART
This is our Hourly chart levels and targets. It will provide me the levels needed to buy from dips and to work the overall DAILY CHART range. We have 1958, 1966, as the immediate targets with a retracement range of 1945 and a SWING RANGE of 1935 to keep in mind to risk and money manage. EMA5 break above 1966 AXIS will open the upper levels and will also confirm 1976 TARGET.
We remain Bullish and buying from support levels and banking 20 to 30 pips at a time to avoid any swing traps. As always we will keep you all updated with any changes to our setups and plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR