Buysetup
GoldViewFX Strategy - GOLDTURN SETUP1 - Simple & Effective Hey Everyone,
This is a follow up post from the previous post on HOW TO DRAW GOLDTURNS (see related post below)
We want to now show you how we can use the Goldturn levels and share with you all a basic yet a strong Goldturn Trading Setup in step by step stages.
1 - Draw a Goldturn on the previous days Highest point for Resistance
2 - Draw a Goldturn on the previous days Lowest point for Support
3 - Wait to now see current day price action and look to see, which level EMA5 breaks - Support or Resistance ?
4 - In this example previous days Goldturn low is broken with EMA5
5 - Once EMA5 breaks level by crossing over, we now wait for a 1H candle close after the cross. This is confirmation candle!
6 - Next candle is entry candle - we can see a 450 pip movement from entry. We advise to take profit at 50 pips or next Goldturn, which is a likely target or move SL and trail the movement to catch the entire breakout.
This is just one of the setups we thought we would share with you all. Please don't forget to like the post, it helps us bring more quality content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - How to Draw our Goldturns & Goldturn trendlines Hey Everyone,
We have been getting a lot of messages to highlight how we draw and identify Goldturns and draw Goldturn trendlines. So this post will help you all understand how we draw this and help you understand the flow of some of our analysis.
Goldturns are Support and Resistance drawn using EMA5, it helps us identify Strong levels of support and resistance levels with less noise and more concrete in their reaction to price action that is catchable. The best way to explain this; its price movement in slow motion, not too fast to analyze and catch and not too slow that price hits target before we can catch the movement. Its the SWEET SPOT for price action ! ! !
This can now be used to draw Goldturn support and resistance levels and use for intra day trading, as you would use other support and resistance levels. This can be drawn and used for m15 chart for scalping, H1, h4 chart for intra day trading and Daily chart and weekly for long term.
The Goldturn levels also allow us to use them to draw trendlines and channels that are again stronger levels to be able to identify when a channel/trendline breaks in or breaks out or is respected and allows us to negate the fake outs that we see with momentum driven candles
However what you have seen me use over the months to identify Goldturns as TARGETS and AXIS TARGETS and my SIGNALS, are my custom formula that allows me to calculate the weight of the level in terms of their strength to magnetize or repel price. This secret I have to keep to myself for now, maybe once we reach about 40,000 followers we can then open up some of this. For now this is enough for the average trader to draw and use as stronger support and resistance levels and for the Newbie trader and everybody else to be able to follow our work.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET UPDATE Hey All,
And you guessed it........WE HAD ANOTHER AWESOME DAY!!!
We identified a support target at 1826 yesterday this was hit perfectly, although we saw a push below 1826, EMA5 created a Goldturn above this level confirming the support to resume back into our Bullish setup, as we suggested.
We then had 1836, 1840, 1846, 1856 ALL HIT !!!!!!!!
We can now see price enter the Goldturn channel. We need EMA5 cross or even a candle body to confirm challenge to the upper channel, as we now have an axis target 1894. I know this is pushing it !!! Everyone is expecting a Big bearish movement, including me, due to the forthcoming coming events. However back testing scenarios like this shows this can be very short sharp before something else triggers a Bullish movement again. Therefore trading small lots into March will give us the flexibility to change direction without exposing too much.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - H1 Market UPDATEHey All,
Quick update from H1 Market review (see related post below) - 1824 Target HIT after we called it yesterday identifying the resistance at the top. We expected the drop which we got and now 1828 needs to be tested and EMA5 cross and candle body close to open up another round of the Bull targets and levels above.
We are now out of trades and only taking buys from dips. If 1828 fails to cross with EMA5 then we will see 1824 and 1816.
We have had an awesome week so far and plan to ease off now. We will post further updates later so stay tuned to stay with he flow.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H Market UPDATE 1839 TARGET HIT !!
This area is a strong resistance zone and we are likely to see some retracement and swings. 1824 is on the radar for a support TARGET.
We will not add to any longs now and banked all positions. We will consider sell signals and take buys only below 1824 to continue to try and catch the full leg
of this Bull run.
Stay tuned for regular updates and please don't forget to like the post.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H Market UPDATE & TARGETS$$Hey All,
I know what your all thinking......YES!! we did it again!!! 1836 and 1840 Axis Targets HIT!!. Trading it range by range helps us get out in time should the market turn against us.
We are now reaching the entrance of the next RANGEBOX 1836 - 1846 - Although we had our 1846 Target HIT, we need to see EMA5 cross and lock inside the new Rangebox. We haven't had any candle body close inside this box either. This is a sign we may see a stronger retracement. I have extended the swing range to as low as 1808 to support this.
Although we are Bullish and will continue taking buys from dips we are also now comfortable taking sell signals.
The structure remains Bullish and we can potentially see a challenge to the entrance of the Goldturn channel 1846 Goldturn and 1856 Axis. We will watch EMA5 action closely to confirm this and will keep you all updated.
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GoldViewFX
XAUUSD TOP AUTHOR
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GoldViewFX - 4H Market UPDATE & TARGET$$Hey All,
Our 4h chart setup had the EMA5 cross and candle body close above 1826 to open and confirm 1836 and 1840.
This was a clean 70 pips up so far, close to 1836 point to point. Target is still short by a few pips so 1836 still open and 1840.
If we see a failure to cross 1836 with EMA5 even whiteout a candle body close, we can potentially see price reject to as low as 1814 for support. We will continue to update any changes to our plans.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATE and TARGET$$Hey All,
I know you keep hearing me say this....but here it goes....Another amazing day of trading for us. Those following we called 1834 as a target confirmed with EMA5 cross and lock. This target was HIT perfectly.
1839 is the next TARGET. We have identified a potential retracement range of 1828 and the swing range has also moved up in the setup. We remain Bullish and continue to buy dips.
Stay tuned for more updates and please don't forget to LIKE, COMMENT and FOLLOW to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H & DAILY MARKET UPDATEHell All,
Okay so we have hit the 1826 target perfectly on our 4h chart idea. We will now wait to see how EMA5 challenged this level. This level has been tested twice before and a EMA5 failure to cross had price rejected back to 1814 and below. We need to taker caution in adding long without further confirmation.
If ema5 crosses 1826 with candle body close, we should see price leave RANGEBOX 2 and target the entrance of RANGEBOX 1 at 1836.
This could be an area to short but we will wait for confirmation before making a move.
DAILY CHART
Once again 1827 target was hit on the daily chart idea posted today. This level is strong resistance on the daily chart in line with the H4 chart. It has failed 4 x previously. However the Bullish structure is still supported by the daily chart Goldturn trendline, which may give the support needed to break through. We will keep you posted throughout the week so stay tuned.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H Market UPDATE & TARGET$$Hey All,
What a smashing couple of days. Those following us can clearly see the targets we identified (see related posts below) all HIT perfectly. 1816, 1824, 1828 H1 CHART targets done.
What can we expect now?
Although our last target of 1828 has been hit that does not mean 1834 is now open. We would like to see EMA5 cross above 1828 with candle body close to open target for 1834. We will keep you all posted when we see the confirmation. For now we remain Bullish and, as confirmed throughout, we will be buying dips. If EMA5 fails to cross and lock above this level, then we will see some retracement again towards 1816 otherwise we have another clean run up towards the upper targets.
Please note the swing range in taking buys in this range, it helps me manage my risk.
We will be posting updates, levels and targets on H4 and D1 charts shortly so stay tuned.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey All,
This is a follow up from yesterdays update. We caught some action from the bottom buying dips and took partials. We thought we would update the daily chart for you all, which also supports all our analysis.
We can see already historically in the past 8 months, every time 1818 had a candle close above it, price would always follow through and as a minimum hit 1827, which is the lowest of the range it would do. We tried to illustrate this, as best, as possible on the chart. We have also marked the potential swing range (potential reversal) to manage our risk.
A break below the swing range will open the lower targets. Should this happen we will update plans accordingly and share.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Update on TARGETS$Hey All,
Quick update on our TARGET - 1816. - BOOOOOM. What can we say once again we called it and we called it one way (see related post below). We banked at 1816, which was identified with a EMA5 cross and candle body close leaving a gap to Target.
We will now wait and sit back to see how EMA5 challenges 1816. If we see a cross with a candle body close above 1816, it will confirm 1824 and 1828. Although we also have long range targets above together with the Bullish structure we have identified, therefore we remain Bullish and continue our plans to Buy dips from good support levels.
We will post an update with analysis this evening to gear up for the morning.
Please don't forget to Like, Comment and Follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
Nifty Bank Buy Long Setup As You Can see There's a Strong Demand Zone, Waiting for price drop to that level and then we can execute a order after see some confirmation such like Bullish Engulfing etc. If price broke that Demand zone then we have to pay attention for retesting that area, then we can setup a Short Position. You can Share your thoughts on this topic.
Thanks! HAVE A GOOD TRADING FUTURE
GoldViewFX - Market Review LEVELS & TARGET$$Hey All.
Lets start with the hourly chart. Price is currently challenging 1807. This level was already broken with EMA5 cross and lock confirming gap to 1816. This target remains open and in range. We will look to continue to buy dips and entries will be banked and secured 20 to 30 pips at a time, as we sit in this range. We expect swings and lowest price point target we can see is 1793 on the swing range, which has served us well last week with sweet entries for buys. We will continue to play buys within the swing range and will only stop if 1785 breaks with EMA5, which will open target to 1776
The strong support that we need to keep an eye on is 1766. This level has not been tested since mid December and giving us confidence in the bullish setups.
4h CHART
The price seems to be respecting the Goldturn trendline to support the move up and 1790 Goldturn also providing this support. A break on 1790 on this H4 chart with EMA5 will open the lower targets.
4H CHART RANGEVIEW
We are currently sitting in RANGEBOX 2 which is 1789 - 1826 the largest of the 3 ranges and right in the middle of the range between two Goldturns 1804 - 1814, which defines the immediate two challenges the price will test on market open. Using EMA5 cross and candle body close will give us the confidence to commit to the right break in direction.
DAILY CHART
1804 was challenged with EMA5 but it looks like the cross has failed and we can see EMA5 flatlining above it, gearing up for another 1814 hit. We will be looking to see, which one of these level is broken with EMA5 and candle body close to open target to 1778 or 1839
We remain Bullish buying dips and we will keep you updated daily with how we trade the levels in stages. Please follow us to keep updated and don't forget to hit like on the post, we really appreciate it.
We have been in this industry a long time but only recently started sharing on Trading view in the last 5 months and very quickly we have picked up a strong following, we thank all our followers for this. Our strategies are very different and unique and we have started to see a lot copy cats copying our content. Please be careful entertaining these people, its clear from all our date stamped posts on this platform, that all the content is ours and my personal reputation in this industry also confirms this.
GoldViewFX
XAUUSD TOP AUTHOR