GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone,
Please see our Monthly chart update, which is tracking well and playing out as analysed.
Please also review the last update on this chart below, which gives a better understanding of the monthly chart setup and our plans. EMA5 detachment was fulfilled and provided the dynamic support we mentioned below for the push up. If we don't see a break above 1865 then we are likely to see price range between the two levels 1777 - 1865 before we see a break on either level for a continuation.
LAST UPDATE
Please review our monthly chart update. This is still valid and very much in play and gives us an overall picture of what we are likely to see and why.
The monthly chart we have been tracking for a few months now, allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH, we were well overdue some correctional retracement, which is taking place this month.
We also had a EMA5 detachment below between the 1832 - 1810 range, which fell inline with the movement down and played out perfectly for the touch. This monthly candle close will be crucial to see if this EMA5 detachment provides the dynamic support to start another Bull run or a test to 1777 for the Goldturn support.
We still have a few days before the month closes and so its crucial to see where we finish off with the monthly close. The room to open a new range below is very close, as we see price play in the central zone of the monthly chart structure.
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
XAUUSD gold has breaked the down trend and its look like up but seems like it may has strong pull back befor it fky contineu to up, tomorrow it may manage to reach 1860 and or break fall we have short entry on 1860 with confirmation. i have drawn very clear horigental line and try my best to explain if i miss something let me know in the comment below.
GoldViewFX - Market UPDATEHey Everyone,
And we close off the week and month on a high!!
Inline with our plans to buy dips we were able to trade this movement up level to level from the support structure. Yesterday we confirmed that a EMA5 cross and lock above 1841 will see further push up, which played out today, as analysed and still going up. The retest today at 1841 confirmed resistance to support for this push up.
We will now come back Sunday with our multi timeframe analysis and trading plans 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 - Market UPDATEHey Everyone,
Another great day for us on the market. As highlighted yesterday we took our exit and waited to see price react to 1841Goldturn resistance. This rejected for a move back down to Goldturn support. We took a buy from the dip at1833 Goldturn for 50PIPs for a perfect exit at 1838.
EMA5 cross and lock above 1841 will open the remaining upper levels otherwise price will play between the strictures. We will track the movement level to level and continue to buy dips from our support levels for safe 30 to 50 pip exits.
Please also review our multi timeframe analysis on the related posts below to see our potential mid to long term targets.
BULLISH TARGETS TARGETS
1824 - DONE
EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841
1833 - DONE
1841 - DONE
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792
SWING RANGE
1792 - 1785
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,
Another PIPTASTIC day for us catching the move all the way up today.
We posted our updated analysis yesterday highlighting EMA5 cross and lock opening 1833 and 1841, inline with our plans to buy dips. We took our long positions from support and trailed it all the way upto our target, confirmed with our signal activation. BOOOOM!!!!
We will now wait and see how EMA5 reacts to 1841 and weather we see a rejection here at the resistance structure or a cross and lock above. EMA5 cross and lock above 1841 will open the remaining upper levels.
Our plans to buy dips is still in play and we will continue to track the movement level to level. Please also review our 4H chart setup for further level break confirmations or rejections.
BULLISH TARGETS TARGETS
1824 - DONE
EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841
1833 - DONE
1841 - DONE
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792
SWING RANGE
1792 - 1785
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
Could the rising wedge still be valid on the EUR/USD?With short positions still being held at 1.0788 and 1.0645, I'm looking to see if we break below that pivotal zone which would potentially open things up for sellers to come pouring in. I will not look to add any positions as of right now.
The best course of action is to stay patient and observe the price action.
If we do break, I will lower stop losses to control risk and let it ride potentially towards 1.0100.
Trade idea is invalidated if we find strong support around 1.0600 - 1.0550 zone.
Correction Complete, Prepare for impulseA beautiful textbook set up in this pair. Price has been rejected by the channel and as it is, that was a correction and the next is an impulse in the opposite direction.
Our bearish view is supported by:
1. Weakness in USD as per DXY
2. A potential long term bullish move in EURUSD which is negatively corelated with this pair
GoldViewFX - Market UPDATEHey Everyone,
The power of staying in the one direction plays out again with support holding for a lovely push up. Those of you who are following our plans to buy dips, well done!!. 1824 our first BULL TARGET now complete.
We now also have a EMA5 cross and lock above 1824 opening the next level at 1833 and potentially 1844, as the range is open.
Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
IMPORTANT NOTE FOR NEW FOLLOWERS
Swing range opening does not mean a full test but even staying within the swing range will allow us to buy dips, taking safe entries for safe exits on Goldturn resistance levels. Its a structural level of support range.
BULLISH TARGETS TARGETS
1824 - DONE
EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792
SWING RANGE
1792 - 1785
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 start to the week.
We got the Goldturn above 1810 when market opened. We highlighted this on our analysis below, which confirmed the move up. However, it followed with a move down allowing us to get our long positions in for a perfect entry, taking a nice take profit at 1816 for a safe exit confirmed with our signal.
The move down before pushing up also broke the 1810 level leaving gaps open below into the swing range. As mentioned before the swing range does not mean a full test but even staying within the swing range will allow us to buy dips, taking safe entries for safe exits on Goldturn resistance levels.
Gaps are left up and down. Trying to catch both is what the market wants. We will, as always trade this one way.
LAST POST
Please see our updated 1H chart Goldturns and targets.
Price is currently testing a support structure at 1810. EMA5 has started to do a turn just before the market closed but not a full Goldturn. First few hours of market open is crucial, as a confirmed full Goldturn above 1810 will confirm a immediate bounce to 1824, as the next target and a cross below 1810 will open targets towards the swing range. EMA5 cross and lock above 1824 will open targets upto the next resistance structure.
Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
BULLISH TARGETS TARGETS
1824
EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792
SWING RANGE
1792 - 1785
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
🐻 AUDUSD Bearish Trend 📉📉 AUDUSD has been showing a bearish trend, with price action indicating a potential downward movement. Technical indicators support the bearish view, with the RSI and MACD both showing a bearish divergence. 📉 Traders may want to consider short positions with appropriate risk management strategies in place.
Like and share the idea if it's helpful.
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 1H chart Goldturns and targets.
Price is currently testing a support structure at 1810. EMA5 has started to do a turn just before the market closed but not a full Goldturn. First few hours of market open is crucial, as a confirmed full Goldturn above 1810 will confirm a immediate bounce to 1824, as the next target and a cross below 1810 will open targets towards the swing range. EMA5 cross and lock above 1824 will open targets upto the next resistance structure.
Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
BULLISH TARGETS TARGETS
1824
EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792
SWING RANGE
1792 - 1785
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 updated 4H chart Goldturns and targets.
The 4H chart is looking bearish with price closing with a break below 1817 structure opening the swing range. We will also keep in mind a potential pull back to 1836. The opening of the swing range does not mean the full 1779. Price can test the first level within the swing range at 1797 Goldturn and also find support. Usually we see a reaction or a bounce on any of the Goldturns within the swing range.
The break of the swing range will break a big structural support and potentially open a new range below. Its decision time on the chart so lets see what the market brings this coming week.
Short-term technical structure may look Bearish but the overall long term structure is still in a Bullish framework. We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
Bullish Targets
1836
EMA5 CROSS AND LOCK ABOVE 1836 WILL OPEN 1854 and 1865
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779
SWING RANGE
1779
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,
This is the weekly chart we have been tracking since last year. As you can all see, we tracked this move all the way down and then all the way up level to level. We then saw the reaction on the axis trendline resistance for the move down. This Axis trendline was respected perfectly.
There is still room for further movement down as we are seeing price head towards the swing range. The swing range is a strong support zone and we will likely see a reaction within this range.
As you have seen previously, while tracking the weekly chart you we will see swings up and down. The weekly move requires detachment resets that can take a week to hit, making it difficult to establish a intraday setup. Therefore, we will use our smaller timeframe setups to navigate and trade this range level to level, while keeping the overall structure in mind.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MONTHLY CHART UPDATEHey Everyone,
Please review our monthly chart update. This is still valid and very much in play and gives us an overall picture of what we are likely to see and why.
The monthly chart we have been tracking for a few months now, allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH, we were well overdue some correctional retracement, which is taking place this month.
We also had a EMA5 detachment below between the 1832 - 1810 range, which fell inline with the movement down and played out perfectly for the touch. This monthly candle close will be crucial to see if this EMA5 detachment provides the dynamic support to start another Bull run or a test to 1777 for the Goldturn support.
We still have a few days before the month closes and so its crucial to see where we finish off with the monthly close. The room to open a new range below is very close, as we see price play in the central zone of the monthly chart structure.
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,
We close off the week with our signal TP hit for today. As advised yesterday we had the EMA5 cross and lock below 1824 opening the swing range. This gave us the heads up to wait patiently for the drop. We didn't expect a full swing range test in one go but at least to the next Goldturn at 1810, which was HIT perfectly. We took our signal for 30pips from the bounce for a perfect exit.
The swing range is open so we need to keep that in mind when planning to buy dips next week and extend our tradeable range accordingly.
We will now come back Sunday with our multi-timeframe analysis and trading plans for the coming week.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Technical Analysis on the EUR/USD and what to look forward toFX:EURUSD
We take a look at what the EUR/USD may do going forward and how the current short positions unfolded.
We have made a nice and steady decline into the main Pivotal zone and the question now is, do we stay short or watch for buyers to come back into the market and swing momentum back to the upside. In this Video, I describe the thought process and outlook on what price action may be showing us next.
Hope you enjoy the video and analysis.
GoldViewFX - Market UPDATEHey Everyone,
Price is testing support structure at 1817. We waited patiently and took a buy entry with a safe exit at 1825. It looks like this level is being tested again now and a break below this level with EMA5 will open the 4H chart swing range. The 1h CHART has already locked below 1824 confirming further movement down. However the 4H chart lock will also further reconfirm the movement down.
Staying above the swing range maintains the overall Bullish structure in this short term trend down. Therefore, we will we only execute calculated trades from support levels to make sure we remain with our long term trend and use our sell setups to identify the support floors for bounces to catch like today.
LAST UPDATE
Please see our updated 4H chart Goldturn levels and targets.
1817 Goldturn, which was the previous swing range provided support for the swing up. This is level is a strong support structure. Should we see 1817 challenged and broken with EMA5 we will see the new swing range open below down to 1779. However, right now we are seeing 1817 support providing a nice push up with a candle body close above 1836 opening a gap to 1854. This gap target of 1854 will be strengthened should we see ema5 cross and lock above 1836 with a potential follow through to 1865.
Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
Bullish Targets
1854
1865
EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882, 1894 and 1906
Bearish Targets
1836 - DONE
1817 - DONE
EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779
SWING RANGE
1797 - 1779
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,
We are seeing a ranging day today with price moving sideways and MA's starting to converge together. We usually see this before a breakout or NEWs release and in todays case FOMC minutes. This gives us a opportunity to trade between a tight range. Taking buys from dips using our 1H chart range allows us to pick entries and exits.
We are paying small due to FOMC later today and will now wait patiently for any deeper drops into support to buy dips.
Please also see our last update on this chart below regarding the 1854 gap, which is now open due to EMA5 cross and lock above 1836. We will wait for FOMC to be over and resume organic movement before tracking this target.
As always keep it light and tight!!
LAST UPDATE
Please see our updated 4H chart Goldturn levels and targets.
1817 Goldturn, which was the previous swing range provided support for the swing up. This is level is a strong support structure. Should we see 1817 challenged and broken with EMA5 we will see the new swing range open below down to 1779. However, right now we are seeing 1817 support providing a nice push up with a candle body close above 1836 opening a gap to 1854. This gap target of 1854 will be strengthened should we see ema5 cross and lock above 1836 with a potential follow through to 1865.
Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
Bullish Targets
1854
1865
EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1882, 1894 and 1906
Bearish Targets
1836
1817
EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779
SWING RANGE
1797 - 1779
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
#NZDCAD Analysis by We Trade WavesHey guys, above is NZDCAD Analysis and update for all of you, we are expecting market to go up but we will not enter before getting our Buy Setups and even if market goes down to break the low once more, we will look for Buy Setups again.
Can the market change the structure?
Sure, if so we will update you here or during our live sessions
DO NOT JUMP IN - Jumping in without using stop loss or risking big or following anyone blindly leads to big losses.
You have to wait for your setups and use proper risk management!
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is our point of view on what could be the next move in the market based on We Trade Waves wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
DISCLAIMER: We Trade Waves is not a signal service. Instead, it involves sharing our perspective and detailed analysis based on our unique wave analysis concept. We cannot be held responsible for any financial gain or loss that may result from following our analysis.
Trade with care
We Trade Waves Team