Goldviewfx

Goldviewfx

We have had a nice Bull run to hit pretty much all our targets above. We expected a drop from the 1830 resistance area, which played out nicely. We capitalised on a few sell signals during this movement down. We are still in a market structure that supports buying dips and therefore we will continue to pick up entries. However the framework for buying dips had...

Goldviewfx

Another awesome day to see our analysis play out. We hit 1822 level and 1828 target. So far 6 targets out of 7 already done !! The last target is not one we will target from here unless we get confirmation with our signals. However as the market structure remains same we will continue to pick up buys from dips. HOURLY CHART We hit the 1828 target inline with...

Goldviewfx

This is an update from yesterdays post. Al targets being HIT, as mapped out by us. Price is currently challenging 1813 Goldturn resistance. If this holds we will see another drop towards 1800 - 1795. However if we get EMA5 to cross this level with a Goldlturn, then we will safely resume to next target 1822 and 1828. We are getting signals both ways between...

Goldviewfx Updated 

3 HOUR CHART VIEW We posted our Goldturn broadening wedge yesterday, which has been respected well alongside our Goldturn support and resistance levels. Price was rejected at the top of the channel resisting at the strong 1830 level, price retraced down to the level identified. We may have some sideway movement here and then we anticipate some movement up to...

Goldviewfx

We had a strong Bullish close on the top end of our 3HOUR chart Goldturn broadening wedge. This can break out of this wedge and start another bull run towards the upper targets on the chart. We may get a pump to the next level at 1837 and then retrace down to find support. Fib retracement of 50% level from this impulse is at 1805. We will look to see if we get a...

Goldviewfx

This plan was posted earlier this month. We marked all entry points and exits. We predicted the drop first and then the movement up to each level. Our analysis played out perfectly once again. Not only did we identify the levels but we also predicted the order of sequence. This gives us the edge in analysing the gold market!! Only 20pip short of 1830, which we...

Goldviewfx Updated 

We have updated our goldurn support and resistance levels and drawn a Goldturn wedge. We are still confidently buying dips and this is working out perfectly. We banked at 1820 and anticipated the drop, as you can see from the links to related posts below. We have a broken Goldturn at 1796 opening a gap to 1787, however our Goldturn wedge is acting as support on...

Goldviewfx Updated 

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...

Goldviewfx

We posted this over a week ago with a route map with not only direction but a potential sequence. We mapped out the overall direction showing a clear movement to the upside with all the potential dips to pickup good entries for the longs. This played out perfectly! 1797, 1808, 1819 all hit in order. Our trade target of 1819 was hit and 1808 retracement target...

Goldviewfx

We have updated the 3 hour chart with Goldturn levels and a route map to our targets. We have also drawn a Goldturn wedge channel using our Goldturns and a central axis line, which also falls inline with our targets and levels. The axis level on the wedge channel was supported confirming further move to the upside. Goldturn resistance...

Goldviewfx

As the year end draws close, we thought we would post an overall long term outlook for gold and some long term levels on the monthly chart. 1777 has held well as support on the monthly chart with two Goldturns created on this level. We are expecting gold to move towards 1868 Goldturn and then towards 1976. Once this level or range is tested we are expecting some...

Goldviewfx

We posted this Bull flag formation earlier this week with targets and resistance levels. We do not trade chart patterns alone; we use it in combination with our analysis and setups. 1822 seems like the perfect target, which falls in line with FIB ext at 50% and also within the size of the pole. We have taken profits here at 1809 in line with the Goldturn...

Goldviewfx Updated 

We have updated levels and highlighted potential re-test areas to pick up fresh entries. We are trading small lots due to end of year. The levels identified are also Goldturn levels therefore we will look for price to find support in these areas when taking positions. EMA5 break and candle body confirmations will give us further confidence. Right now we are...

Goldviewfx

We posted this plan on the 17th of this month and clearly marked the levels and targets. As you can see from the arrows marked on the chart; we projected some movement down first to test support and also predicted these support areas, as good entry zones. We also identified and marked the take profit zones. These levels were all respected and tested and we also...

Goldviewfx

While we get ready for the holidays we thought we would post some chart patterns for our newbies over the next few days. The head and shoulders pattern is a formation of 3 peaks with the head being the highest peak (Lowest on inverse). The entry should be below the neckline (Above on inverse). The measure of take profit can be taken by measuring the peak of the...

Goldviewfx

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...

Goldviewfx

We posted this chart with our targets clearly marked. As you can all see each of the targets got taken out and in order. We also identified the support areas that needed to be tested to give the momentum needed for clearance for our Targets. Each level was discussed and broken down on our previous posts. The last target of 1796 was held up by 1787 Goldturn that...

Goldviewfx

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...