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Gold stuck in moving averages and triangles.There is no economic report till the US season today for gold. Gold might be downtrend before the US season as it breaks below the trendline support, and 100 and 50 SMA creates a death cross. Gold price is hovering near to its 200 SMA. If gold price breaks below 200 SMA and stabilizes below $1907, it may test again below $1895/1890. On the other hand, at $1932has a minor trendline resistance and around $1940/1945 moving average resistance. So, as long as above 200 SMA, it may rise to the 50/100 SMA or trendline zone. But as 100 and 50 SMA has created death cross, it has the most possibility to drop. Fundamentally gold is still neutral comes positive till the US season. But it has not changed a lot. So, if gold breaks below 200 SMA in the H4 candle, you also can play for the sell order... On the other hand, if gold breaks above the 100 and 500 SMA price of $1953/1955, gold will continue its uptrend. 1st target to the upside is $1970/1975, and the final target is $2000.
FX:XAUUSDShort
by Gold_Trading_Expert
1
GoldViewFX - UPDATED LEVELS, TARGETS & TRADING PLAN $Hey Everyone, After an awesome finish to last week we would like to wish everyone good luck for the week ahead. We have updated the H1 Goldturn trading levels and targets. We remain Bullish and our setup allows us to take buys from support levels within the retracement range and even the swing range with low exposure. 1974 will likely be challenged on market open. We will look to see how EMA5 reacts to 1974. A break of 1974 with EMA5 will open the gateway to 2000 plus. A failure to break this with a new Goldturn created below 1974 can provide the momentum to test the full swing range to 1920. A break below 1920 will open the lower levels in which case we will update our setups accordingly. To trade a Bullish setup like this requires experience, just because we can see upper levels of 2004 doesn't mean we chase this now. Knowing this target is open allows us to buy from support levels confidently and exit early within the current range. This protects me from getting stuck when the Bulls hit the BRAKE and leave traders crashing! I will be trading this by taking buys from support levels within the Blue zone range and taking profit on the red zones. I will only target the upper levels once 1974 has broken and some targets above get hit and then once price finds support close to 1974 . This gives us a quick blueprint of the new range to trade from the support levels. I find this to be the safest way to ride a Bull run to all time highs. However If I do decide to take some some buys without waiting for support or a blue print of the new range then I will keep the retracement and swing range in mind to risk manage my exposure. As always we will keep you all updated with daily updates on the targets we will take and any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
28
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone, Another awesome day of buying dips from support confidently with our Bullish setups, all thanks to the Bullish structure of the 4H CHART. We had the Goldturn created above 1890, which gave us the confirmation to buy at that level every time the price dropped. However we maintained discipline and only took the buys with signals. Once we saw the Goldturn created above 1890 and the EMA5 break and close above 1905 opening 1940 axis, it gave us the confidence to buy from any drops close to 1890 level. Using the 1H chart allowed more entries, see below; We remain Bullish, as the structure supports the setups, but we have our swing range in mind to cover any swings in the current volatile market conditions, this swing range has been maintained perfectly once again. Waiting patiently and buying from dips at Goldturn support levels and taking 20 to 30 pips at a time is the best method for this market condition. Historical back testing has given me years of blueprints to match the right trading style for the right market condition. As always I will update any changes to the plan throughout the week. However as of now the roadmap is playing our perfectly and so not much update needed. I'm going to be confidently using the range and Goldturns and buying dips from deeper drops from support. Please don't forget to like, comment and follow to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
30
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone, Please see 4h chart. TARGETS 1903, 1912 RETRACEMENT TARGET 1881 SWING RANGE 1855 We remain Bullish buying dips. 1903 is our next target but we have outstanding retracement target to 1881. We have already banked our buys and now staying out for the remaining trading day and closing the week on a high!!!! Chasing a trend all the way to the finish line can be risky. I always manage my risk with the range and even after seeing targets, I still get out with 20 to 30 pips at a time. This allows me to quickly switch up direction, should the structure change, without feeling committed. I will come back with some thorough analysis this weekend with targets up and down, to watch out for next week. Please don't forget to like, comment and follow to support our work. It helps us to bring more quality content to you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
25
Goldview Levels and TARGETS $ $Price resisted and rejected at 1790 level. We expected this level to hold and it did. We also have a clean break outside the Goldturn channel. We may see a test on 1778 Goldturn support level, which falls just outside of the channel and in line with MA200. MA50 has also crossed over MA200 confirming some further move up. If both these levels cross and price falls back into the channel then we can expect some of the lower levels to open up, which we will confirm once we see the attempt. For now we are still very much in the same setup and 1790 and 1796 are still TARGETS. We are expecting another challenge at 1790. We are looking for EMA5 cross and close above this level with candle body close to confirm the movement to 1796. Goldturn Resistance: 1796 1790 1785 Goldturn Support: 1778 1766 We will post any changes and updates throughout! Please don't forget to like, comment and follow to support us! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GoldView - Analysis - Levels - Targets Hourly Chart The market has geared up for a range breaker movement and the leading setup and structure at this point will point towards a clear direction. However we try and minimise our positions during this time of the year, as the market tends to disconnect from a technical sequence. The price is currently challenging the top end of the Goldturn descending channel, which is in line with 1785 Goldturn. A break and EMA5 cross on this level will give the range breaker momentum needed to break 1790 . The 1770 Goldturn support level has stood in the way of the price from visiting the bottom of the channel. This is part of the setup structure we identify for the gear up of a Goldturn channel break out on the opposite direction. EMA5 moving average has also crossed over all other MA's which for the short term allows us to take those buys from dips. However the longer term 50 day average cross over the 200 day average will be the more significant one to look out for. Currently both are merging close gearing up for a break out. The setup points towards a breakout UP but considering the range this is not the zone or the season to commit to a direction with exposure. Daily Chart The daily chart view below shows an overall range of 1741 to 1818, with a play range of 1770 to 1795. Ema5 is due a Ma21 challenge and 1795 sits in the centre of both averages, making it a good meeting point for a price to challenge 1795 level as a TARGET . This is the central zone of the range and personally its not an area to make any serious commitments and we plan not to. In this range and structure we just cherry pick price action from our signals and any technical setups we identify with small lots, minimum exposure. In our opinion this is the way to handle this range at this time of the year. Please trade safe and note; everything we share is our own ideas and analysis and not financial advise. If you like what we do and it helps, then please don't forget to give us a like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7
GOLDVIEW BULL TARGETS OPENWe have drawn our support and resistance levels using our gold turns. We can see areas of support for retracements, which we will look to add to our longs and close and shorts. We are looking for these levels to be tested with EMA5 for further confirmation. We already have advanced signals confirming these moves from last week. We are now breaking down these levels and identifying areas of retracements for entries and exits. 1868 has been broken with our EMA5 and confirmed with candle body close confirming 1878. We keep saying this and we stick by it, a simple trading strategy applied consistently with some strong money and risk management is what you need to make consistent wins. DO NOT OVER COMPLICATE IT! Please do give us a like, comment and follow, to support our work. GoldView
OANDA:XAUUSDLong
by Goldviewfx
GoldView UPDATE ON 1868 challenge and outstanding TARGETSHourly Chart Update Price failed to break 1868 and as we expected retraced to look for support at ma63 (red line), which it did. This is the first level of support after 1852 in line with gold turn at 1846. If price fails to support on this level we are expecting 1832 to be HIT. We are then expecting some ranging movement between 1832 and 1852 before another test to 1868. The bulls are still looking strong, any dips in price at these support levels are buying opportunities for us. H4 We are expecting price to hit ma21 close to 1845. Once this is done we will look for EMA5 challenge and cross on MA21 for confirmation for further move down. If this challenge fails, price will find support and look to challenge 1868 again otherwise 1832 is next.
OANDA:XAUUSD
by Goldviewfx
GoldView 4H CHART Bullish Scenario4H RANGE 1830 to 1826 1818 level has been hit. EMA5 challenged 1806 on market close. We are looking for EMA5 to break this 1806 level. Once this level is broken and secured by EMA5, historically price tends to then sit between 1806 and 1816 and range sideways. We are then expecting EMA5 to break and close above 1816 for price to break open 1830. Once we see EMA5 close above 1830 we can see a clear run to 1867. Please follow us to see how we break down this range during the week and trade each level. A golden nugget for all. Trading successfully requires a clear head, strong discipline and most importantly keep analysis and strategy SIMPLE. Trading successfully does not mean throwing every indicator you can find on the chart and mixing multiple strategies. Experience will show you this is not the way. We keep things very simple and strongly believe this is the way to trade safely and successfully Please kindly like and comment on our posts to support us. We really appreciate it! GoldView
OANDA:XAUUSDLong
by Goldviewfx
2
GoldView Update on 1830 ChallengeAs per our analysis earlier this week, we saw EMA5 break 1818 and 1823 level and secured with candle body close. This confirmed our movement to 1830. We now have a candle body close and EMA5 break to confirm movement up to 1838. We have some retracement due to the strong 1830 level which was expected to see sellers coming in, however 1823 has now supported this movement. We may see some sideway movement before US session between 1830 and 1823. Please follow us for updates on how we analyze and trade each level. Please like and comment to support our work, we really appreciate it GoldViewFX
OANDA:XAUUSDLong
by Goldviewfx
2
GoldView Trading Report and Chart ObservationsH1 Support 1830 Resistance 1748 Price has been consolidating between support and resistance Our Moving averages are all below price supporting the recent upward move Price is currently challenging resistance at 1822 If resistance at 1822 is broken the next resistance challenge will be 1830 if price is unable to break resistance it will come back down to challenge 1814 which falls in line with MA21 and then the next level of support will be 1806, 1797, 1781, 1764 and then 1748 H4 Support 1726 Resistance 1830 Price is currently on a steady incline and has broken 1818 The next challenge will be 1830 If price is unable to break resistance 1830 it will bounce off and test support at 1818 D1 Support 1726 Resistance 1830 Price has been moving sideways between 1748 and 1818 Price is currently challenging resistance Resistance is broken at 1818 so the next level to challenge will be 1830 If resistance holds strong then price will retrace down to challenge support at 1782. If this level is broken the next challenge will be at 1754 and then 1726 W1 Support 1702 Resistance 1906 Price has been moving sideways between 1737 and 1878 Price is challenging 1823 If this resistance is broken the next level of resistance will be 1878 and then 1906 if price bounces off resistance it will come down to challenge 1761 and then 1737 and below Monthly Resistance 1977 Support 1684 Price is currently challenging resistance at 1822 if this is broken the next challenge will be 1867,1907 and then 1977 If price is unable to break resistance at this level it will come down to challenge support at 1775, 1749 and then 1684 Please like, comment and follow us, to support our work, we really appreciate! GoldView
OANDA:XAUUSD
by Goldviewfx
10
GoldView 4H CHART Bearish ScenarioWe can clearly see a full extended range of 1830 to 1726 We have hit our 1818 level resistance. This level at 1818 holds well when EMA5 holds below 1806 and is not dragged up and only the price is able to challenge the level without breaking. If EMA5 breaks this level (1806) that will give price enough momentum to break 1818 level and beyond. This will give us a clear run to 1830. We will then look for EMA5 to lock and secure 1818 to then give price momentum to break 1830. However the 1830 level has been tested 4 times in the last 4 months. In our opinion these 4 failed challenges right now have strengthened this level. A failed attempt here in our opinion will give the momentum needed for a steady movement down to 1781 and then 1751 and then to 1726 and below. A test on 1726 is overdue. Trade safe and follow us as we break down this range during the week and trade each level. GoldView
OANDA:XAUUSDShort
by Goldviewfx
2
GOLDVIEW REPORT - Overview Bearish before Bullish PROJECTION - 1787 has now been broken with our EMA5 moving average. 1778 has been broken with price but still supported by EMA5, which opens a window for sideway movement. We may see our self in a short term range of 1787 to 1767. After this consolidation we are looking for a breakout. The two range open to us once we break out this range are on the downside 1767 - 1748 and on the upside 1787 - 1806. If the downside range breaks 1748 then we will see our 1726 signal hit. If we break the range on the upside on 1806 we will see targets open to 1830. Our projection on the chart hopefully shows a potential scenario that we have mapped out through our analysis and open signal and ideas. Traders can be confident in direction but to define the order of the journey is a different skill itself. CHART OBSERVATION - H1 Support 1778, Resistance 1797/1806 Ma63 and Ma84 at 1794 Ma21 has crossed Ma200, MOVING AVERAGES are acting as resistance but also emerging, which can be the tell tell sign for a break out Ranging movements may continue within 1778 and 1806 then 1822 and 1830 If 1778 is broken the next level of support will be 1768 If current bounce off is strong enough price will go back to challenge 1797 and then 1806 H4 Support 1766, Resistance 1806 Price has touched Ma200 which has acted as a level of support at 1769 with immediate bounce off bringing it back into 1781 and 1806 range Price may attempt to challenge Ma200 again if broken will experience support at 1766 Currently challenging support at 1781 as well as Ma84 and Ma63, if support is strong enough it will go back to challenge resistance at 1794 and then 1806 DAILY - D1 Support 1769 Resistance 1818 Current candle is touching EMA5, Ma21 ,Ma63, Ma84 and Ma200 Currently moving sideways within set range. All moving averages are consolidating in preparation for a breakout If price breaks 1818 the next resistance challenge will be 1834 If support at 1769 is broken the next level of support will be at 1752 WEEKLY Support 1761 Resistance at 1878 Ranging movement between 1731 and 1878 Current candle touching EMA5 Ma21 and Ma84 MA's above may act as resistance, if broken price will go back to challenge 1806 and then 1878 If price resists this will encourage price to go back down to challenge 1761, if broken next level of support will be 1730 Ma200 is positioned below current support range at 1549 MONTHLY Support 1765 - Resistance 1820, 1867 Ranging within current range EMA5 and Ma21 have crossed and are touched by current candle body positioned and ready to challenge current support at 1765, if broken next level of support will be 1696 If support holds strong we expect a retest of resistance at 1820 and if broken next level of resistance expected at 1867 Please like, comment and follow us, to support our work on this platform, so we can expand our resources to you all. Goldview
OANDA:XAUUSDShort
by Goldviewfx
3
GOLD SHORTThe reason why we feel GOLD may Rise. * On weekly basis it has just started moving DOWN * To SINL and come near 1228 levels * Stoch RSI (3,3,14,Close) is Sinking. * RSI (14,CLOSE) is Sinking. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :1245.09, SL:1249.60, Tgt 01:1233.82, Tgt.02: 1228.83, Tgt 03:1213.46 . The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAUUSDShort
by ajithchand-bhandaari
DJIA SHORT ::: REVERSAL CALLDJIA is expected to sink now. There are many reason why we feel it may sink. 01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon. 02. Bearish Engulfing in daily Chart. 03. To sink and come near 1204 to 1197 levels 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:1218. with a SL @: 1222 Tgt01: 1208 Tgt02: 1204 Tgt03: 1190. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAUUSDShort
by ajithchand-bhandaari