GoldViewFX - DAILY CHART UPDATEHey Everyone,
Please review our daily chart idea that we have been tracking over the last few months level to level. We completed the Bullish targets and saw price come down to test the retracement range, highlighted by us on the chart over 2 weeks ago.
We have highlighted a potential route map of what we expect on this timeframe on the mid to long term projection. This daily chart structure remains Bullish overall; we just need to use our smaller timeframe setups to identify break and lock to track the movement level to level.
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
GoldViewFX - MARKET UPDATEHey Everyone,
PIPTASTIC finish to the week for us!!!
After hitting our Bull target, we saw price drop hitting all Bearish targets and then each structure was broken with ema5 opening movement to the next structure.
When we identified the break of the swing range break with ema5, we expected a drop into the next structure and waited patiently for price to find support at 1952 for a perfectly executed buy, as part of our plans to buy dips for a ride all the way upto 1977, over 200 pips.!!
We were able to track and trade the movement level to level, structure to structure.
BULLISH TARGETS
2021 - DONE
EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47 - NO CROSS AND LOCK
BEARISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1989 - DONE
1977 - DONE
We will now come back Sunday with our multi timeframe analysis and trad8ing plans for the coming week. Have a great weekend everyone and please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR up to the next structure at 1977, over 200 pips.
AUDCHF ready to turn up first time since Jan 2023Inv H and S is forming on the AUD/CHF.
We are seeing signs the market is ready to turn up.
1st with the Rising lows.
2nd the 7 is about to cross the 21MA.
3rd, the price is looking up to head back to 200MA.
4th RSI turned positive and has made higher lows.
Looks good for upside. We just need one good break up out of the downtrend and we good to go.
Target 0.6474
GBPUSD Bear Channel IdeaHi Traders!
We have a bear channel setup here. The market has been slowly drifting down. We can see this with the price action showing lower highs and lower lows, resistance swings have been getting lower.
We are looking for a momentum break and close of the 1.24145 level. If this happens, the psychological level of 1.24000 is the next level to watch out for.
Please do not forget to like, comment and follow.
We appreciate your support.
BluetonaFX
GoldViewFX - MARKET UPDATEHey Everyone,
I wanted to share this chart again to highlight the swing down we were expecting. As we continued with our plans to buy dips, we maintained our risk management due to the detachment reset below; highlighted on the chart and also the axis trendline acting as resistance. Our Bullish targets were complete on our 1h chart idea earlier this week before the big drop and now any open positions can be managed with buying dips from this lovely drop.
We will let the market play out tomorrow and then update all our levels and fresh targets for the coming week and range over the weekend.
GoldViewFX
LAST UPDATE
Hey 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.
PRE-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,
As stated yesterday the swing range was not fully complete and there was room for further move down. We got the full test on the swing range today completing this entire chart setup with all BULLISH and BEARISH targets now complete on this idea. The swing range identified gave a nice swing bounce to catch. As long as EMA5 remains above the swing range we should see a push up. A break below the swing range and we see the structure below open up for target.
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.
BULLISH TARGETS
2021 - DONE
EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47
BEARISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1989 - DONE
1977 - DONE
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 - EURUSD Trade IdeaHi Traders!
Please see the updated chart for EURUSD. We have a possible reversal to the bearish price channel.
We have the first resistance around the 1.09082 level, which is the April 17th 2023 low that we broke as Support. If we retrace from 1.09082 instantly, we are likely to target the support level of 1.08313, which is the low for April 10th 2023. If we break and close above 1.09082, the next key resistance level is 1.09433.
We are currently above the 50 Moving Average. However, this is slowly looking to turn. This also supports the possibility of a reversal to the bearish momentum.
Please do not forget to like, comment and follow.
We appreciate your support.
BluetonaFX
GoldViewFX - MARKET UPDATEHey Everyone,
As mentioned yesterday price was playing between the structure 2006 and 2021 and we needed either one to break to confirm movement to the next structure. First we had a test on the retracement range, which gave a nice bounce that allowed us to capture clean 50 pips.
We then finally got one of the structure break at 2006 with ema5 opening and confirming the swing range target, which we are now seeing hit and challenged. Our setup strategy and this chart idea has allowed us to track the movement up and down level to level.
The swing range is not fully complete and has room for further move down but its well within the support structure so can expect some bounces up to capitalise on. We expect to see some side by side ranging movement on this range to establish range before a fresh breakout.
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 - DONE
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1989 - 1977
1989 - DONE
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
GBPUSD 12/05/2023 IDEA UPDATEHi Traders!
Our trendline break setup on 12/05/2023 fulfilled our idea, we rallied to retest the trendline break and had a small squeeze back inside the trendline before moving back down.
There was a great risk-reward opportunity here for a re-entry short and we are now looking for another test of May 2023's lowest level at 1.24355 to see if we can break and continue to the downside.
We will continue to keep a close eye on this one and will inform you of any other setups we identify.
Please like, comment and follow to support us. We really appreciate it.
BluetonaFX
GBPUSD Trade Idea - Trendline BreakHi Traders!
We almost end the trading week with a trendline break. After failing to push through the major 12 month resistance high, we had a big momentum swing down looking to test the lowest point of May 2023 at 1.24355. We must break this level with momentum to continue down looking for further support around the 1.23448 level.
There may be another opportunity for another entry if there is a successful retest of the trendline break to continue to the downside.
Please do not forget to like, comment and follow.
We appreciate your support!
BluetonaFX
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
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