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GoldViewFX - DAILY CHART UPDATEHey Everyone, Please see updated daily chart structure. We are at a very crucial support zone on the daily chart identified last week. EMA5 is challenging 1660 Goldturn, which we saw price bounce off last week many times and daily candle failing to close below. However, Friday we saw price close below 1660 but EMA5 failed to cross, leaving room for a recovery this week. We need to watch this challenge closely. We will be monitoring this chart for EMA5 cross and lock confirmation to track this movement range to range. EMA5 cross and lock below 1660 will open 1610 and 1578. We will need to see a new Goldturn above structure support to provide momentum for EMA5 to cross and lock above 1660 for a 1700 challenge and a cross and lock above 1705 for a full Bullish recovery. As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7
GoldViewFX - Market UPDATEHey Everyone, Another awesome day for us at Premier. As planned, we waited patiently for the support test once again. We have our 1H chart setup mapped out with the support and resistant structures that price has been ranging between. We will not chase a range breaker direction until we see the weighted Goldturn levels break in either direction. So, for now, we milk the range by waiting patiently for our entries. Today we waited for the swing range test at 1659 but waited for further confirmation, which we got when a new Goldturn was created above 1659, followed with a re-test on our MA setup. This gave us the confidence once again to place our BUY orders and ride to the top for a perfect exit at 1675. BOOOOM!!! The range breaker levels still stand at 1659 to 1687; We will be looking for a break of either of these levels for a continuation of the move. As stated before, this chart setup is still valid, as price is still playing in the setup range. Bullish Targets 1687 - DONE 1695 - LAST TARGET LEFT ON THIS SETUP Cross and lock above 1695 will open targets to 1708, 1722, 1733 Bearish Targets 1671 - DONE 1659 - DONE Cross and lock below 1659 will open targets to 1647 and 1641. SWING RANGE 1647 As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
GoldViewFX - Market UPDATEHey Everyone, Another awesome day!!! Market opened with a challenge on previous days Goldturn high 1676, followed with a new Goldturn at the same level 1676. This confirmed failure to break previous day's high. We waited patiently for further confirmation and identified EMA5 cross and lock below 1671 to 1664, confirming the movement down to the next level. We carefully placed our SELL order and trailed it down to 1664 BOOOOM!!!! We walked through this step by step in VIP premier. We still have an open gap target to 1687, which gives us the confidence to take buy signals from deeper movements down. However, due to the Fed's rate hike announcement and the odds between a 75-bps and 100-bps, we are only taking careful entries from strategically positioned support levels and sells from tested resistance levels. The range is still 1659 to 1687 and as advised yesterday, we will be looking for a break of either of these levels for a continuation of the bearish move or a full recovery into benchmark pricing from last week. Bullish Targets 1687 1695 Cross and lock above 1695 will open targets to 1708, 1722, 1733 Bearish Targets 1671 - DONE 1659 - DONE Cross and lock below 1659 will open targets to 1647 and 1641. SWING RANGE 1647 As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
20
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone, Fantastic start to the week. We waited patiently for the market to hit support levels 1671 and 1659 and then waited for a new Goldturn and took our BUY entry, all the way to 1669 for the perfect TP exit. We still have an open gap target to 1687, which gives us the confidence to take buy signals. However, due to the Fed's rate hike announcement and the odds between a 75-bps and 100-bps, we are only taking careful entries from strategically positioned support levels. The range is still 1659 to 1687 and as advised yesterday, we will be looking for a break of either of these levels for a continuation of the bearish move or a full recovery into benchmark pricing from last week. Bullish Targets 1687 1695 Cross and lock above 1695 will open targets to 1708, 1722, 1733 Bearish Targets 1671 - DONE 1659 - DONE Cross and lock below 1659 will open targets to 1647 and 1641. SWING RANGE 1647 As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
19
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see updated weighted Goldturns and targets for the 1H chart. We have a current range between 1659 to 1687 and expect some ranging action between these levels. Technically we will be looking for a break of these levels for a continuation of the bearish move or a full recovery into benchmark pricing. We currently have a cross and lock above 1671 opening 1687. Bullish Targets 1687 1695 Cross and lock above 1695 will open targets to 1708, 1722, 1733 Bearish Targets 1671 1659 Cross and lock below 1655 will open targets to 1647 and 1641. SWING RANGE 1647 As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
13
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see updated 1H chart with fresh weighted Goldturns, ready for trading level to level. We finished off the end of last week with some aggressive move down and then price found some support at 1734 GOLDTURN. This zone is an important support area and we may see the TAKE OFF from here straight into a full recovery, with a strong a bull run. However, a retracement down and an EMA5 cross and lock below 1734 will open the full swing range challenge, We need to keep this in mind when managing risk. If we see a move up on market open; we will be looking for a cross and lock above 1742 to confirm the upper levels. otherwise we need to keep a close eye on this 1734 support challenge, which can open the lower levels. BULLISH TARGETS 1738 1742 1747 1753 BEARISH TARGETS 1734 1726 SWING RANGE 1718 Our plans to Buy from deeper moves down still remain in play, as we are still well within the swing range. Remember we will let the momentum settle, identify a Blueprint and then start hunting!! As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7
GoldViewFX - Market UPDATEHey Everyone, This is our updated 1H chart from yesterday, which is playing out within the Bearish Goldturn channel heading into the swing range area. We may see some retracement up to 1742 - 1747 inline with the channel but we feel the movement down is not over. However, we are in good support area for some scalping BUYS that look safe measured with the Goldturns With a volatile week ahead we are waiting patiently for the right entries and we spent today observing and waiting patiently for a Blueprint of the range. Any deeper moves down this week will be short lived so taking the right buy entries, as a mid to longer term plan is crucial. Sell entries will only be considered if we see some solid resistance with re-tests otherwise a risky train to jump onto. BULLISH TARGET 1747 1755 1762 BEARISH TARGETS 1742 - DONE 1736 - DONE 1730 - DONE SWING RANGE 1723 - 1716 As we said yesterday the best way to trade JACKSON HOLE is to wait for the move and patiently let the momentum exhaust, measuring the momentum using the Goldturns. Ideally we would like to see movement down as deep as the momentum allows, establish a floor and then organically ride the movement up. If it heads up from the start then we already fall in line with our long term projections for Gold with our Axis target providing exit should we decide to get in on any buy signals in VIP . As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
17
GoldViewFX - MARKET UPDATEHey Everyone, Another day of patiently waiting for the deeper move into the swing range and then we picked up a nice BUY from support activated by our signal with the perfect exit at 1758 before the tank down. As we mentioned yesterday EMA5 break and lock below 1776 opened the swing range like we shared and now we are seeing the full swing range being tested and just shy of 1743, which is now open and we will see how price reacts to this level. We expect to see price head up from this zone, however a EMA5 break and lock below 1743 will open the lower range down to a test on support structure 1707. We will come back on Sunday with a our multi-timeframe analysis for the coming week and keeping in mind JACKSON HOLE next week so we must consider this in our risk management plan for the week ahead. Enjoy your weekend everyone and please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
26
GoldViewFX - Market UPDATEHey Everyone, Once again we waited patiently for the setup and as mentioned already this week, we were either looking for a EMA5 lock above 1804 weighted Goldturn to open the upper range or a EMA5 lock below 1779 weighted Goldturn to open the swing range. EMA5 has now broken 1779 opening the swing range. We waited for confirmation on our VIP levels and took a nice sell to 1773. Another clean call with clean profit!!!! Although we remain Bullish from support, we must now take into consideration the full swing range is open and therefore we need to manage our risk accordingly with the range. We expecting a volatile day tomorrow from US session all the way to FOMC 7PM UK time and therefore we will wait for signal or setup confirmation before considering positions. If we see a move down, we will wait for momentum to exhaust before talking the ride up. However we may see movement UP during the earlier sessions so be careful not to jump in too early to ride the movement up and then get stuck on the swing down. We may see bi-directional movement tomorrow so timing is crucial otherwise you may get stuck on a buy when price is moving down or stuck in a sell when price is moving up, which is the typical situation in these market conditions. As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
Gold Weekly Rounding TopObserving Gold's weekly chart, It now appears its in a rounding Top/ Bearish Inverted Cup and Handle Pattern. In Addition to that It also appears we're possibly in the 4th wave up leading into the 5th wave, which is a retest of the C leg which I have at around $1889/1890. A rejection of this level also gives The 5th wave down the Right Shoulder to the bearish Head and shoulders pattern. I then see a sell off on the ABCD Pattern.. Where lastly The D leg of the ABCD pattern retesting the Flag Break Out. I have a short Term Target of $1840. and will look to switch to the bearish side after the 5th wave is confirmed. In Fact this whole movement by gold looks like a bearish ABCD pattern. After we reach the Finally D leg, I will look to go long and see gold retest the $2,000.00 per oz
OANDA:XAUUSDLong
by moneyflow_trader
GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$Hey Everyone, Please see 4H chart setup for the coming week with updated upper Goldturns. EMA5 has crossed MA200 again confirming the Bullish setup. We have a retracement range between 1761 and 1748 for any movement down before resuming Bullish move. However a EMA5 break and lock below 1761 will open the full swing range. We also have a gap target at 1798 left open from last weeks chart setup. We will continue to trade this level to level with bias towards buying dips strategically picking entries that also allow us to ride swings. BULLISH TARGETS 1777 1778 1798 BEARISH RETRACEMENT TARGETS 1761 E 1748 SWING RANGE 1730 - 1721 STRUCTURE SUPPORT 1694 -1685 As always we will keep you all updated with any changes to our plans throughout. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7
Gold Daily Analysis 07.07.2022Yesterday Gold made new low of 1732 and is trying to break the bearish trend line which it started from two days. For bulls to show up gold needs to close above 1746 in 4 hours. Otherwise the bearish trend will continue to form new lows. The technical indicators RSI, BB and MA are suggesting for a buy. But Price Action is not in support for Bulls as we can see from the strong red candles. As we can see from the weekly chart the Fib levels suggestt 1686 to 1760 are 68% and 50% levels since it made the high at 2070 and low 1451. So if the bearish trend continues we can expect some reversal near 1686 since no bulls showed up at the 1760. However remeber that these levels are very good for longerm BUY. So if you can wait then go for buying at these lows. We can also see the formation of a new ultra bearish trend line (Red). So dont trade for reversals unless gold closes above this line. If price comes near this line we will go for sell with small SL as the trend is bearish. For today my plan is Sell 1946 SL 1954 TP 1926
OANDA:XAUUSDShort
by boyinjungle
5
Gold: upside looking more limitedGold traded in 1820s-40 yesterday still inside the the descending trendline. 1840s now likely knocked out of the game. With the new resistance being at 1830 first and 1832-34 next. Gold is still bearish biased any move up to 1832-34 I will cautiously resell if hold with target to previous low 1821 scalping term and 1816-12 long term with possible breakdown. Gold upside limit now likely down to 1838 for the time being. Break above 1838 will require wait and see. the zones you see are from lower timeframe that why it looks like that on 4h. Goodluck
FX_IDC:XAUUSDShort
by Metalixt