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Trdaingideas

DAILY CHART UPDATEHey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. After hitting and completing our final target at 2521 multiple times last week, we stated that we will now look for either a candle body close or ema5 lock above 2521 to confirm 2566. We have the candle body close above 2521 for the gap to 2566. Ema5 lock would further confirm and strengthen this gap. We have to also keep in mind that we have a support range below at 2464 - 2405 for longer range support areas to buy strategic dips if the corrections take place before completing gaps above. We will use smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2510 Goldturn resistance and we have 2492, as Goldturn support. We currently have a gap open above at 2510 and below at 2492 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2510 EMA5 CROSS AND LOCK ABOVE 2510 WILL OPEN THE FOLLOWING BULLISH TARGET 2529 POTENTIALLY 2549 BEARISH TARGETS 2492 EMA5 CROSS AND LOCK BELOW 2492 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2465 2438 EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE SWING RANGE 2416 - 2389 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, This is the weekly chart we have been tracking and following for our long-term targets. As you can see we have been tracking this level to level from the dip and then all the way up hitting all targets so far. Once again we saw the ema5 attached from the retracement down followed with a push up like we suggested. We have now seen 5 weekly candle body close above 1787 opening up a long range gap target to 1858, but this time we have a EMA5 cross with the candle body close above 1787 confirming and strengthening the movement. As always we will need to expect and have a plan for any retracements driven by volatility in the markets. We will use our smaller timeframe setups to navigate and trade 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
OANDA:XAUUSD
by Goldviewfx
30