Goldviewfx

Goldviewfx

This basic representation of a candle is useful to newbies starting of in technical analysis. For all the advanced followers we will post our Goldview report this weekend. Please note time to time we will be making posts like this to help newbies to start reading and understanding the charts and that has to start with a candle! Please like, comment and follow...

Goldviewfx Updated 

price sitting between 1806 and 1787. These levels have been drawn using EMA5 gold turn angles. We are then looking for the EMA5 line to break this level with a 1h CANDLE body close after. This confirmation gives us a target to the next EMA5 gold turn level. We can break down the range using these levels and the EMA5 to confirm which level to target and out of...

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Goldviewfx

This is a very basic setup of our EMA5 4hour gold trading strategy. - We show how to draw strong S&R LEVELs using EMA5 ON H1 - We then show how to trade these levels using H4 chart - Money Management is not discussed and is critical in the risk management when we trade this strategy please like, comment and support our posts. This will allow us to allocate...

Goldviewfx

This is an overall view of our chart clearly marking strong support and resistance levels using the EMA5 gold turns. These levels are drawn using the EMA5 moving average and back testing shows how well this is respected on the gold chart. We have also drawn some overall channels using the EMA5 gold turn. We have found channels to be respected more accurately...

Goldviewfx

H1 CHART - Support and resistance range 1780 - 1810 - resistance held well at 1810 - Gold is retracing down targeting the open gaps left. Direction is still Bullish and yet to see stronger confirmations for a trend breakout. - MA200 is currently acting as support around 1785, if broken next level will be 1778 - MA63, 84 and 21 moving averages are all above price...

Goldviewfx

1787 is being challenged and we are looking for 1787 to be crossed with EMA5. This challenge will confirm a movement to 1767.

Goldviewfx

Hourly Chart: Support and Resistance range currently 1780 - 1810 - Current bounce off at 1810 resistance also held strong by previous EMA5 turn resistance. (Previous posts show how we draw this) - All our gold setup moving averages are below price movement and acting as support that is currently being challenged - price has been bullish yet giving ample...

Goldviewfx

1806 TARGET BANKED. em5 broke and opened a target for 1806 which was banked today. If the 1750 target was taken then this movement here and break above 1806 will be an area to stop out for the 1750 target. However if 1806 was targeted and not 1750 then if this fails to break and close above 1806 then a target to 1750 will be a great entry from here.

Goldviewfx Updated 

Price is ranging between 1787 and 1767. Both levels have been broken previously leaving a target open at 1806 long and 1750 short. Both targets left open and consolidated back into range. We are now waiting for a re challenge of these levels with EMA5 cross over with a 1H candle body close to confirm target or to increase positions. Having two open targets in...

Goldviewfx Updated 

We have 3 signals that have activated that we are targeting. we can see 1782, 1777, 1774.

Goldviewfx Updated 

This is a setup which we draw end of play every day. We draw a resistance and support line using the previous day high and low candle body price close. We then draw the line across into the current trading day and wait for price action. We then wait to see on the current trading day for price to challenge either the prev day high or low. We wait for EMA5 to break...

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.