GoldViewFX - GOLD MARKET UPDATEHey Everyone,
Once again another fantastic start to the week with our BULLISH TARGET COMPLETE. We got our entry from the dip with a perfect finish at our 2021 Goldturn level.
Price is now testing the resistance structure , which is holding well so far. As stated on the chart we will need to see EMA5 cross and lock above 2021 to open the upper level Bullish targets. Failure to open the upper levels will see price bounce between the structure 2006 - 2021. We will need to see a EMA5 lock top track the movement to the next level.
We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated axis targets.
Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold.
BULLISH TARGETS
2021 - DONE
EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47
BEARISH TARGETS
2006 -
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1989 - 1977
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Forexanalysis
BLUETONAFX - SILVER CHART IDEAHey Traders,
Please see updated chart setup for SILVER.
TARGET 1 - 24.681
TARGET 2 - 25.097
TARGET 3 - 25.518
Price is respecting the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS)
As long as price maintains above this level we should see a test to our targets above.
We will trade this movement in stages from support to resistance and maintain a Bullish stance overall.
Please like, comment and follow to support us, we really appreciate it.
BluetonaFX
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our 1H chart idea with updated Goldturn levels and targets.
Price finished of last week with a test at support structure. We are now looking for a breakout out of this structure with either a EMA5 cross and lock below 2006, which is the current retracement range to open further move down into the swing range or a EMA5 cross and lock above 2021 to confirm movement up to open the upper levels.
We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated axis targets.
Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold.
BULLISH TARGETS
2021 -
EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47
BEARISH TARGETS
2006 -
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1989 - 1977
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our 4H chart idea with updated Goldturn levels and targets.
Price also finished off last week with a test at support structure like our 1H chart, tracking the Goldturn ascending channel. We had a candle body close break just below the channel, opening a potential test into the retracement range.
However, EMA5 still sits inside the channel and will need to break out of the channel to solidify the break confirmation for a movement down. If ema5 locks below the retracement range then further movement down to the swing range is likely.
If the channel support holds, then we are likely to see a push up to test at least the channel half line. EMA5 cross and lock above the channel half line at 2039 will open the upper levels.
We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated axis targets.
Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold.
BULLISH TARGETS
2022 -
2039 -
EMA5 CROSS AND LOCK ABOVE 2039 WILL OPEN UPPER LEVELS 2046 AND 2O60
BEARISH TARGETS
2005 -
1998 -
EMA5 CROSS AND LOCK BELOW 1998 WILL OPEN THE SWING RANGE
SWING RANGE
1980 - 1964
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone,
Please review the full plan that was shared below on last weeks update. The only new thing to add to this, is the fact that we have a big detachment below to EMA5. We may see some big swings to attach price to ema5 and then continue with the bullish move again. We will need to keep this in mind throughout the month, while trading the intraday movements on the shorter timeframes and manage our risk accordingly to absorb any potential swings.
LAST WEEKS UPDATE
After tracking and trading our previous monthly chart idea over the last few months and smashing all our targets, we have now updated the monthly chart idea with a new updated long range/term target at 2185 AXIS.
Price is currently at a crucial part of the range testing and playing on the axis trendline. We will need to see price close above the axis trendline this month to open the range above. Ema5 cross above the axis trendline will further support the movement. If we see price and EMA5 play under the AXIS trendline then we can expect price to test 1865 Goldturn for a retest and to establish support for a bounce.
We will now use the smaller timeframes to track and trade the movement level to level keeping our long ter chart idea idea in mind.
We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET UPDATEHey Everyone,
Fantastic finish to the week once again!!!!
We finally got the move into the retracement range, as advised yesterday being not too far. We stuck to our plan to buy dips and carefully took our buy entry activation and trailed it up for a perfect finish. Support to resistance, level to level - BOOOOM
We will now come back Sunday with our multi timeframe analysis and trading plan for the coming week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone,
This is an update on our 4H chart we posted on Sunday. We identified both bullish and bearish targets like we always do, with our bias towards Bullish targets highlighted with arrows on the chart. This played out perfectly hitting all the Bullish targets completing the setup.
We continued with our plans to buy dips today taking profit before the drop covering any positions from the top. We are now seeing price back at support structure also inline with our Goldturn channel. We will continue to buy dips from this range and keeping in mind the retracement range, which is not too far; we will manage our exposure accordingly.
We will also continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.
BULLISH TARGETS
2022 - DONE
2039 - DONE
2046 - DONE
BEARISH TARGETS
2005 -
1990 -
EMA5 CROSS AND LOCK BELOW 1979 WILL OPEN THE SWING RANGE
SWING RANGE
1942
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
EURUSD 10/05/2023 IDEA UPDATEHi Traders!
Our Triangle setup yesterday broke and closed to the downside and reached our forecast support of the 1.09085 level (April 17th low).
We now wait to see if there is any buying demand at this level, or if the market wants to continue to the downside.
Please do not forget to like, comment and follow.
We appreciate your support.
BluetonaFX
BluetonaFX - EURUSD Trade IdeaHi Traders!
Our bearish channel on EURUSD has now turned to a triangle setup and we are now looking for a breakout to see if there is a clear direction to continue in.
We are slowly approaching a 3 week low (on April 17th) around 1.09085. We expect support around this level. To approach this level, it is important to have a momentum breakout of the triangle formation. If there is no bearish momentum behind this, then we are likely to go back into the range.
Please like, comment and follow to support us. We really appreciate it.
BluetonaFX
GBPUSD Trading Near 12 Month HighHi Traders!
We are trading near May 23rd 2022's high of around 1.26632, hence why we have been struggling to get any momentum. The market is currently undecided as to where to go from here.
Due to the market being at the highest point for almost 12 months, there is bound to be some resistance at this level.
We also had an inverse head & shoulders pattern forming over this time, so this could also be a sign of a reversal to the very long term bearish trend. Fundamental news will also have a key part to play as to where we go from here with the BoE Interest Rate Decision and BoE MPC Meeting Minutes coming out later today.
Please do not forget to like, comment and follow.
We appreciate your support.
BluetonaFX
GoldViewFX - MARKET UPDATEHey Everyone,
As you can see our 1H chart idea has been playing out perfectly all week. We have been hitting target after target with our final target to 2049 missed exit by only 1 pip today. Gap remains open but we were able to manage the positions by taking layers from the dip at 2030.
Price is back in the range so we can continue to track and trade the movement using our Goldturn break and close.
Structure remains Bullish and our long term plans for another ATH challenge and break with play into a new range for Gold this year. Patience is key as swings are expected.
BULLISH TARGETS
2017 - DONE
2028 - DONE
EMA5 CROSS AND LOCK ABOVE 2028 WILL OPEN UPPER LEVELS 2037 AND 2O49
2037 - DONE
2049 -
BEARISH TARGETS
2005 -
1999 -
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE
SWING RANGE
1979 - 1967
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
BluetonaFX - GBPUSD Trade IdeaHi Traders!
We have a bullish price channel showing higher highs and higher lows. We look to have currently exhausted the bullish push. The price action shows an Evening Star formation which indicates a possible reversal to the bullish trend. We have support levels at 1.25850 as the first level and 1.25499 as the second support level.
We will continue to analyse this specific setup and will keep you updated as soon as possible.
Please remember to follow, like and comment.
Thank you for your support.
BluetonaFX
Nas 100 Short 5/9/2023Expecting at least a 100 point bearish move on Nas 100 today. A triple top over 3 sessions. 1 Hour looks good.
BluetonaFX - USDJPY Range SetupHi Traders!
We are in a range looking for a clear direction. We are stuck between Support 134.618 and Resistance 135.326.
A breakout in either direction is what to look out for in this setup. For a breakout to the upside, we need to break and close above 135.326 to target 137.774. For a breakout to the downside, we need to break and close below 134.618 to target 133.500.
Please make sure you follow, like and comment.
Thank you for your support.
BluetonaFX
USOIL CHART UPDATEHey Traders,
We posted this idea yesterday with our first TARGET now complete. Our level was respected perfectly.
At the end of last week's Friday close, WTI had settled after a three week continuous plunge that had hit a low that was last reached in late 2021. The crash was caused by anxiety over the US economy. Speculators and investors had rolled out of their positions and this dried up liquidity leaving the market mainly in the hands of algorithms and momentum traders, exacerbating volatility.
We have seen the effects of liquidity drying up in this market before and how it creates extreme price swings. Last year was a case in point where we had erratic intra-day price moves that were extremely lucrative for the professionals who know how to trade in that jungle but that chopped up the rest especially retail traders.
In the current setup, if oil breaks and closes below $63 it will cause a cascade in other markets. We at BluetonaFX are still long-term bullish on oil as the speculators and high liquidity will return. It's a good idea to trade crude in any case if you are also trading other commodities such as gold given that when the oil market collapses, it can pull other commodities lower due to margin calls across the class.
PREVIOUS POST
Please see our chart idea fir USOIL and range projection.
TARGET 1 - 73.61
TARGET 2 - 82.72
We are looking for break and retest as support to trade the movement.
Please like, comment and follow to support us, we really appreciate it.
BluetonaFX
GoldViewFX - MARKET UPDATEHey Everyone,
Perfect start to our week with our Bullish Targets 2017 and 2028 now HIT, highlighted on the chart by our arrow. 2028 is a weighted resistance structure and as highlighted on the chart needed a EMA5 cross and lock to open upper range or a rejection at this level. EMA5 did not cross and so provided the perfect exit for now. As stated already structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
We will continue with our plans to buy from dips and not chase from the top, as we play close to the ATH. Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold this year. Patience is key as swings are expected.
BULLISH TARGETS
2017 - DONE
2028 - DONE
EMA5 CROSS AND LOCK ABOVE 2028 WILL OPEN UPPER LEVELS 2037 AND 2O49
BEARISH TARGETS
2005 -
1999 -
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE
SWING RANGE
1979 - 1967
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our 1H chart idea with updated Goldturn levels and targets.
We saw resistance turn to support on Friday with price bouncing off the 1999-2005 structure and now testing resistance at 2017. We have Bullish targets above which we will track and trade level to level with EMA5 cross and lock.
Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
We are at the top end of the range and will now slow down and lighten our exposure on longs. However, we will continue with our plans to buy dips as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold.
BULLISH TARGETS
2017 -
2028 -
EMA5 CROSS AND LOCK ABOVE 2028 WILL OPEN UPPER LEVELS 2037 AND 2O49
BEARISH TARGETS
2005 -
1999 -
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE
SWING RANGE
1979 - 1967
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our 4H chart idea with updated Goldturn levels and targets.
We saw price challenge 2060 resistance structure last week with a EMA5 rejection on 2046 Goldturn inline with the AXIS TRENDLINE. This followed with a rejection into the 2005 Goldturn support, inline with MA63 AND MA84 to find dynamic support. This is not far from the updated retracement zone.
Don't forget the Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.
BULLISH TARGETS
2022 -
2039 -
2046 -
BEARISH TARGETS
2005 -
1990 -
EMA5 CROSS AND LOCK BELOW 1979 WILL OPEN THE SWING RANGE
SWING RANGE
1942
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
Please see our updated weekly chart long term range and targets. Just like our monthly chart we have identified a AXIS trendline for this chart aswell.
We have also update a new updated long range/term target at 2107 AXIS.
Price is also at a crucial part of the range on this chart also testing and playing on the axis trendline. We will need to see price close above the axis trendline this week to open the range above. Ema5 cross above the axis trendline will further support the movement. If we see price and EMA5 play under the AXIS trendline then we can expect price to test 1928 retracement range first and then potentially 1858 swing range Goldturn for a retest and to establish support for a bounce.
We will now use the smaller timeframes to track and trade the movement level to level keeping our long term chart idea idea in mind.
We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone,
Please see our updated monthly chart long term range and targets.
After tracking and trading our previous monthly chart idea over the last few months and smashing all our targets, we have now updated the monthly chart idea with a new updated long range/term target at 2185 AXIS.
Price is currently at a crucial part of the range testing and playing on the axis trendline. We will need to see price close above the axis trendline this month to open the range above. Ema5 cross above the axis trendline will further support the movement. If we see price and EMA5 play under the AXIS trendline then we can expect price to test 1865 Goldturn for a retest and to establish support for a bounce.
We will now use the smaller timeframes to track and trade the movement level to level keeping our long ter chart idea idea in mind.
We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR