GoldViewFX - 4H Chart Market UDPATEHey Everyone,
End of day update for you all. As you can see from yesterdays chart our analysis played out beautifully !!!
We had the support test at the 1890 zone (Goldturn channel Half line) exactly like we identified and then took buys to 1903 and 1909 TARGETS. We also have 1920 Target but we closed profit, as price reached the Goldturn channel top and we may see some resistance here and therefore banking early and waiting for retracements will be the best option to continue buying dips.
For now we need EMA5 break with candle body close above 1909 to confirm breakout of the channel and provide us with the confidence to continue with the technical trend.
We will continue to buy dips but will wait for the right opportunity. As always we will keep you updated with 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
Sellsetup
GoldViewFX - 4H CHART LEVELS & TARGETSHey Everyone,
The 4H CHART trading idea played out perfectly.
We have now updated the levels and targets.
The Goldturn channel was respected well, supported on the half line and HIT our 1909 target at the top of the channel. If the half line supports well, we may get our 1921 AXIS HIT sooner before any deeper corrections.
We need to keep in mind the swing range when taking longs should price find resistance on the top of this channel. We are hoping the Half line of the channel provides the support needed to hit 1909 again and above without testing the full swing range. However we cant ignore this swing range, as it looks more significant here on the 4h chart due to the Goldturn channel.
We remain Bullish buying dips, however we will also consider any sell setups at this range should any signals activate for us.
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone,
Yes we called it again 1912 TARGET HIT BOOOOOM $$ !
The 1891 Goldturn support held well like we expected and gave us more buy entries, which we took 20 to 30 pips at a time.
We remain Bullish and expecting another 1912 challenge and will continue to buy from dips. We need to see a EMA5 break on 1912 to open 1920 and if we have a candle body close with it, it will open 1931.
However any sell signals at 1912 or 1920 are also safe to take with small LOTS and with 20 pip exits.
I am taking buys from support and keeping the SWING RANGE in mind for Stops.
As always we will post updates should our setups change, so please stay tuned for updates.
Thank you all for getting us over 100 likes on each of our posts. We really appreciate it!!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UDPATEHey Everyone,
Quick update on our plans and the market. Although a US holiday, we were able to BANK PIPS in true traditional fashion!!!!
Our target for 1912 is still open and as planned we are only taking buys from dips from support. We were expecting retracements down to 1884 levels of which we achieved 1887, which gave us nice buy entries that we banked on the push up again.
Although we have a target of 1912, taking buys from dips and getting out with 20 to 30 pips is the safest way to catch the ride. This gives us the opportunity to make more pips by taking exits and getting re-entries for the same target. This provides two advantages;
1. We get to milk more pips, as bonus for the same target and then the final TP.
2. Should the market reverse on us and plans change for our target to 1912, at least this way we were able to minimize potential losses by having the opportunity to bank a few times from the dips even without the final TARGET to TP.
We are only able to follow this setup confidently due to the current market structure.
1891 seems to have formed 3 recent Goldturns providing some strong short term support that may provide the momentum needed for our target. However we will manage risk according to the swing range.
Please don't forget to Like, Comment and Follow to support our work. We really appreciate it and we are also really proud to see over 100 likes on our recent posts.
GoldViewFX
XAUUSD TOP AUTHOR
US30 4 HR SELL BIASAfter being on an uptrend for a while, us30 is retracing back to it's point of origin, the retracement leg for me is confirmed when i see the confirmation of a downtrend, my idea id to wait for the fifth point which am denoting with the oderblock for price to finish it's retracement leg down .
GoldViewFX - GOLD MARKET REVIEWHey Everyone,
Okay let's get ready for another week of trading. We remain Bullish in our outlook and we continued our plans on buying from dips from support areas last week. We will continue with the same plan this week, as our setups support the structure of the market and we will wait patiently for those entries.
1912 is our Next Bull target but its not one we will target directly from this price range. This is how traders get stuck!
We have identified a retracement range of 1884 and a swing range of 1867. These two levels can easily be taken out in the course of this weeks action and therefore will be considering this when picking entries and identifying stops and managing our risk.
Taking buy entries from the dips and banking 20 to 30 pips at a time allows us to protect profits on the ride up and get out earlier, should the need arise with minimal exposure rather than getting stuck in the swings. We remain bullish above 1854 and comfortable with this setup for buys.
DAILY CHART
The daily chart view is very much Bullish and 1912 is also inline with our analysis, as a target.
We have drawn a Goldturn channel here, which is being respected well and should this continue, we will expect a support challenge in the range of 1854 at some point, which is also inline with our analysis before resuming back up to break 1912 and open 1933.
We will continue to buy from support levels and take 20 to 30 pips at a time, at the same time we will be confident in taking sell signals from resistance levels at this range. We will keep you all updated with regular updates with any changes to our plans and setups daily.
Please don't forget to like, comment and follow to support our work, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
Bitcoin Levels that cant be ignored Hi Everyone and thanks for stopping by here is a recent recap of the BTC activity to date .
January started with a drop from $47,459 to $39,600 followed by market buys at the
SFP at $39,600K we then move up to $44,500 but encounter a big rejection at the 0.382 fib level
which is a big sign of continued weakness .
From here we are pushed down to test $32,900 and while at this region everyone was still expecting
much lower the retail market was very bearish with eyes on 29 XXX and lower.
Well we all know what happens when sentiment is too one sided and in true BTC style the market
did not disappoint.
BTC took the lows at $32,900 and went on a 2 week rally back up to $44,500 and in doing so
managed to get the masses bullish again.
In retrospect all that happened was we printed a Lower High after retesting the .382 / $44,500 where we rejected back in 13 January .
Below us we have the 200EMA as a potential support $37,900 but for me this will only be a short lived bounce as I think over the
next few months we will just continue with the current trend .
Needless to say that doesn't mean that we cant continue to range in the lower 30s for X amount of time and pickup nice bounces within this range.
There has been no change in Market structure from our 2 week rally and unless something changes in the near future then I say prepare and plan for the Levels
that no one wants to believe could happen .
Thanks a lot if you made it this far and pls drop me a like and a follow .
Tools used * Neg Fib *, Standard Fib + Fib Speed fan
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone,
Yes you guessed it, our analysis is playing out once again. We had a retracement like we expected, which we caught with a sell signal and now a push up again at 1897, which we caught with a buy.
We were waiting for EMA5 to break and lock 1897 to open 1912. This has now crossed and locked opening 1912. Please also note we have a gap at 1884 in line with the retracement I measured yesterday, although we had retracement to 1886, it still left 1884 open. This now gives us a range to work with.
We are still taking buys from Dips and the structure is supporting this.
Please don't forget to like, comment and follow to support our work.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H chart UPDATEQUICK UPDATE ON 4 CHART -
1903 AND 1909 are the 4H Goldturn Targets. Its not wise for us to chase these two targets from this range with the momentum we have already had today. We had a good run and whilst we remain Bullish we will look to take only small positions from retracements and stronger buy positions from deeper retracements.
Support areas 1881, 1867, 1855 are areas we can take buy entries from banking at 20 to 30 pips max due to the swing range and price range. A break below 1855 will cancel this setup for now.
As always we will keep you all updated with any changes.
Please don't forget to like, comment and follow, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART UPDATEHey Everyone,
1884 and 1897 TARGETS HIT ! ! !
We took buys and banked on Goldturns and even caught the retracement down from 1897 before resuming back for 1897 again.
Although we are bullish and taking buys at this range we are also comfortable taking sell signals, knowing even if the Bulls take another run, its a range where we can still potentially get exits from being within the swing range. Profit taking is happening on this zone with even greater liquidity also coming in providing support to the momentum.
Upper Goldturn levels identified on chart, we will use this to confirm price action reaction!
1912 is the next TARGET.
Buying dips above 1854 and continuing with our plans. We will keep you all updated with any changes.
Thank you all for getting our previous posts over 100 likes. We are growing fast and that's down to your SUPPORT and our RESULTS!!
Please don't forget to like, comment and follow for more updates.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 30M CHART SCALPING STRATEGY IN ACTION LIVE $$Hey All,
This is a follow up post from the 20 pip scalping strategy we posted (SEE RELATED POST BELOW). This chart shows you live examples of the entries and exits today.
Remember when scalping with this strategy SL to be set for exit when EMA5 reverses and crosses back the opposite way. Tight stops and a numbers game, so please back test aswell. I have back tested this and the wins over SLs always been profitable over my trading periods.
When we refer to floating candle, we mean floating away from MA21. It can still touch EMA5.
Please don't forget to like, comment and follow to support our work, so we can bring you more quality content.
GoldViewFX
XAUUSD TOP AUTHOR
USDCHF SELL OPPORTUNITYReason for my sell opportunity
Trendchange on DAILY ORDERBLOCK with BIG IMPULSE Down
Building a correction CHANNEL with 3 Touches on Upper Trendline ( a Good indicator for breakout the lower Trendline)
Break Structure und Retest the channel on a big 4h Orderblock
My opinion is a Big sell off in the next days
THIS IS NOT A TRADING SIGNAL
GoldViewFX - 4H CHART UPDATEHey All,
Quick update on the 4H chart. Price is challenging 1856 level also inline with the Goldturn channel support, so we may find support here and continue up. This is also the bottom of the Goldturn channel.
However keep in mind the Benchmark on the H1 CHART at 1836. Back to BENCHMARK is what we call BACK TO REALITY!!!!
Lots of meetings and news this week, so big swings are expected and likely targets will be hit but with swings. I will trade small LOTs and manage the swings and range. As always we will keep you all updated with any changes to our plans.
Please don't forget to hit like, comment and follow to support us, we appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H CHART MARKET UDPATEHey All,
Yes you guessed it...…we sound like a broken record on repeat, we did it again!! Day in day out hitting targets !!!!
Okay lets start. We had the retracement down to 1850 area, as we projected yesterday. (see related post below). We took our buy entries from this zone and targeted 1867 and 1872, which was confirmed with the EMA5 lock yesterday, which you can see we had already marked on the chart. This played out perfectly!! BOOOM!!!!
1872 challenge is the more significant challenge. If we see EMA5 cross and candle body close above 1872 then it will open target to 1884.
However if we see a new Goldturn below 1872 level and price is rejected here, we will see price retrace back to benchmark at 1838, inline with the swing range (See related post below to understand BENCHMARK)), where price was originally organically moving before NEWs created the push up.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - WEEKLY CHART LONG TERM TARGETSHey all,
Weekly chart looks very Bullish with the Goldturn trendline broken to the upside opening target to 1876 and with enough momentum in that range will easily take out the upper targets.
1766 is the lowest of the range we can see over the coming months and any deeper price drops can go as low as 1677. Price does not seem to stay in this low range for long and historically weekly candles wick out. Its worth noting this if we end up in this range in the coming weeks/month to avoid getting sells stuck, as we can see from historical movements, it can leave the range very quickly.
Please don't forget to like, comment and follow to support our work, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART - LONG RANGE TARGET$$Hey All,
Update on the daily chart timeframe, we already identified the Bullish structure on Daily chart throughout and it continues to support our setups.
The Goldturn trendline has been supported well and as long as EMA5 remains above the trendline, it is safe for us to take buys from support. We had a break at 1799 with EMA5 cross and candle body close, which opened target to 1857. That's close to a 600 pip catch, which was HIT a month later.
Trading a movement like that over a month requires a lot of emotional stamina and not advised without experience, as you can see from the swing range (1766). The best way to tackle this, is through buying dips at support and banking at resistance and then working the range till the target has been HIT. I have been doing this with you over the last few months via the shorter timeframes and now I'm hoping you can see how I'm putting it all together.
Please note, although I have shown you all how to draw Goldturn levels, the levels I draw are weighted levels that are stronger for break, lock and confirmation. This is due to the way these levels are identified. I will build this up and share with our followers, as we grow our following. Please support us by liking our post and following us, to help us get there sooner.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H MARKET UPDATE & TARGETS$$Hey All,
Update on our 4h chart, we can see price has broken back into the 4H Goldturn channel. We need to see EMA5 also break into this channel at 1855 to confirm the break in. This will then open movement in the channel and open the upper targets to 1867, 1881, 1897.
We have identified a swing range of 1836 and so will remain Bullish above this swing range. A EMA5 break below 1836 opens lower targets and therefore we will stop buying dips till we get a deeper correction.
Stay tuned throughout the week for regular updates and any changes to our plans and please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 1H MARKET UPDATE & TARGET$$Hey All,
Hope everyone had a great weekend and had a chance to review my earlier posts on drawing Goldturn support and resistance and a basic setup on how to trade the levels (see related posts below).
Market Review
I have now drawn some weighted Goldturns using historical price action against historical levels, with some adaptations based on the market conditions. We can use EMA5 cross and lock to confirm level to level targets and I will be trading this from any deep swings and lightly from the get go without swings.
I am still Bullish and buying dips, however as mentioned before organic movement is easier to trade and catch but movement and momentum from war/fundamentals/news are difficult to trade for new traders. The swings against the market can also be as deep as the trend it drives towards. Its manipulation time for all players in the market. Trading small LOT sizes to allow flexibility to move the range is the best way to trade in these conditions.
EMA5 has crossed 1854 with the last candle of the day being the candle body close to open target to 1867. However when market closed in the middle of momentum driven movement with NEWs driving the price, we usually see a glitch open to the market, where price opens with a spike up or down away from where the market closed. Glitch open may HIT target without opportunity to enter.
We can see a retracement down to 1854 Goldturn with a swing range of 1838. I will manage my trades within the swing range. Outside of the swing range will be an area to get out and then wait for deeper corrections before buying dips again, should this happen. A break below the 1838 Gold turn can drive us down to a short term trend down, opening all the lower Targets.
Goldturn Resistance
1867
1872
1884
1897
Goldturn Support
1854
1847
1838
1831
1824
1812
Stay tuned for further analysis shortly on other timeframes and regular updates daily through the week. Any changes to our setups and plans will be updated and shared regularly.
Please don't forget to like, comment and follow us. It helps us to bring more updates to you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX Strategy - GOLDTURN SETUP1 - Simple & Effective Hey Everyone,
This is a follow up post from the previous post on HOW TO DRAW GOLDTURNS (see related post below)
We want to now show you how we can use the Goldturn levels and share with you all a basic yet a strong Goldturn Trading Setup in step by step stages.
1 - Draw a Goldturn on the previous days Highest point for Resistance
2 - Draw a Goldturn on the previous days Lowest point for Support
3 - Wait to now see current day price action and look to see, which level EMA5 breaks - Support or Resistance ?
4 - In this example previous days Goldturn low is broken with EMA5
5 - Once EMA5 breaks level by crossing over, we now wait for a 1H candle close after the cross. This is confirmation candle!
6 - Next candle is entry candle - we can see a 450 pip movement from entry. We advise to take profit at 50 pips or next Goldturn, which is a likely target or move SL and trail the movement to catch the entire breakout.
This is just one of the setups we thought we would share with you all. Please don't forget to like the post, it helps us bring more quality content to you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - How to Draw our Goldturns & Goldturn trendlines Hey Everyone,
We have been getting a lot of messages to highlight how we draw and identify Goldturns and draw Goldturn trendlines. So this post will help you all understand how we draw this and help you understand the flow of some of our analysis.
Goldturns are Support and Resistance drawn using EMA5, it helps us identify Strong levels of support and resistance levels with less noise and more concrete in their reaction to price action that is catchable. The best way to explain this; its price movement in slow motion, not too fast to analyze and catch and not too slow that price hits target before we can catch the movement. Its the SWEET SPOT for price action ! ! !
This can now be used to draw Goldturn support and resistance levels and use for intra day trading, as you would use other support and resistance levels. This can be drawn and used for m15 chart for scalping, H1, h4 chart for intra day trading and Daily chart and weekly for long term.
The Goldturn levels also allow us to use them to draw trendlines and channels that are again stronger levels to be able to identify when a channel/trendline breaks in or breaks out or is respected and allows us to negate the fake outs that we see with momentum driven candles
However what you have seen me use over the months to identify Goldturns as TARGETS and AXIS TARGETS and my SIGNALS, are my custom formula that allows me to calculate the weight of the level in terms of their strength to magnetize or repel price. This secret I have to keep to myself for now, maybe once we reach about 40,000 followers we can then open up some of this. For now this is enough for the average trader to draw and use as stronger support and resistance levels and for the Newbie trader and everybody else to be able to follow our work.
Please don't forget to like the post. The more likes we get, gives us an indication of the kind of content we should be sharing more of.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET UPDATE Hey All,
And you guessed it........WE HAD ANOTHER AWESOME DAY!!!
We identified a support target at 1826 yesterday this was hit perfectly, although we saw a push below 1826, EMA5 created a Goldturn above this level confirming the support to resume back into our Bullish setup, as we suggested.
We then had 1836, 1840, 1846, 1856 ALL HIT !!!!!!!!
We can now see price enter the Goldturn channel. We need EMA5 cross or even a candle body to confirm challenge to the upper channel, as we now have an axis target 1894. I know this is pushing it !!! Everyone is expecting a Big bearish movement, including me, due to the forthcoming coming events. However back testing scenarios like this shows this can be very short sharp before something else triggers a Bullish movement again. Therefore trading small lots into March will give us the flexibility to change direction without exposing too much.
Please don't forget to like, comment and follow, we really appreciate the support.
GoldViewFX
XAUUSD TOP AUTHOR