Goldviewfx

Goldviewfx

This is a simple setup that we use for ranging market. We look for EMA5 to crossover MA21. Once this is done we wait for a 30min candle body close confirming the EMA5 cross over. We then enter on the next candle and target 200pips.

Goldviewfx Updated 

We draw trendline using the ma5 moving average gold turn points. 1835 and 1726 are both longer term open targets. 1770 is a short term open gap. We have two signals open sell signal 1785 buy signal 1795

Goldviewfx Updated 

Earlier last week we posted some basic MA5 setup action and how effective it is in gold setups. Today we show you how a simple trading setup that you can use to draw strong levels and how to trade with them. Support and resistance can be drawn in many ways and often traders find what works for them and use that method. This is a method we use to create strong...

Goldviewfx

MA5 moving average is a strong indicator on the 1H gold chart. When MA5 crosses a support or resistance line and leaves open gap to the next SUPPORT or RESISTANCE line, it usually hits it. Using a tight stop when MA5 turns allows daily entry and exits.

Goldviewfx

We have used stronger support and resistance trend lines using the MA5 gold turn. These strong levels have opened up two gaps. 1835 and 1726. Both targets are strong. Situations like this its best to choose one target and money manage your positions towards that target.

Goldviewfx Updated 

Gold Resistance 1794 1777 1768 1762 1755 Gold Support 1746 1734 1726 Gold is being supported on the hourly chart by support of 1746 created by moving average 5 gold turn. if this breaks down then 1734 is our next stop and then the stronger support level to watch out is 1726 a challenge here is due and if broken a break out into 1600s is likely, however this...

Goldviewfx Updated 

Market still ranging. The Ma5 cross above 84 confirms a movement to 1768 as next stop and then a challenge to 1777. 1746 is also still open from last weeks analysis with further confirmation with ma5 crossing below ma200 creating a gold turn. Both targets open. We will be using both targets for entries and tight stops, as the range is confirmed.

Goldviewfx Updated 

Market ranging in a tight range. 1768 acting as an immediate level of resistance and 1746 as support. Both are likely to be challenged. A break below 1746 will open targets towards 1726 and a break above 1768 will open targets towards 1800. We are taking buys and sells in this tight range with short term targets and tight stops.