GoldViewFX - 4H Market UPDATE & TARGETS$$Hey All,
I know what your all thinking......YES!! we did it again!!! 1836 and 1840 Axis Targets HIT!!. Trading it range by range helps us get out in time should the market turn against us.
We are now reaching the entrance of the next RANGEBOX 1836 - 1846 - Although we had our 1846 Target HIT, we need to see EMA5 cross and lock inside the new Rangebox. We haven't had any candle body close inside this box either. This is a sign we may see a stronger retracement. I have extended the swing range to as low as 1808 to support this.
Although we are Bullish and will continue taking buys from dips we are also now comfortable taking sell signals.
The structure remains Bullish and we can potentially see a challenge to the entrance of the Goldturn channel 1846 Goldturn and 1856 Axis. We will watch EMA5 action closely to confirm this and will keep you all updated.
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GoldViewFX
XAUUSD TOP AUTHOR
Sellsetup
GoldViewFX - 4H Market UPDATE & TARGET$$Hey All,
Our 4h chart setup had the EMA5 cross and candle body close above 1826 to open and confirm 1836 and 1840.
This was a clean 70 pips up so far, close to 1836 point to point. Target is still short by a few pips so 1836 still open and 1840.
If we see a failure to cross 1836 with EMA5 even whiteout a candle body close, we can potentially see price reject to as low as 1814 for support. We will continue to update any changes to our plans.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATE and TARGET$$Hey All,
I know you keep hearing me say this....but here it goes....Another amazing day of trading for us. Those following we called 1834 as a target confirmed with EMA5 cross and lock. This target was HIT perfectly.
1839 is the next TARGET. We have identified a potential retracement range of 1828 and the swing range has also moved up in the setup. We remain Bullish and continue to buy dips.
Stay tuned for more updates and please don't forget to LIKE, COMMENT and FOLLOW to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H & DAILY MARKET UPDATEHell All,
Okay so we have hit the 1826 target perfectly on our 4h chart idea. We will now wait to see how EMA5 challenged this level. This level has been tested twice before and a EMA5 failure to cross had price rejected back to 1814 and below. We need to taker caution in adding long without further confirmation.
If ema5 crosses 1826 with candle body close, we should see price leave RANGEBOX 2 and target the entrance of RANGEBOX 1 at 1836.
This could be an area to short but we will wait for confirmation before making a move.
DAILY CHART
Once again 1827 target was hit on the daily chart idea posted today. This level is strong resistance on the daily chart in line with the H4 chart. It has failed 4 x previously. However the Bullish structure is still supported by the daily chart Goldturn trendline, which may give the support needed to break through. We will keep you posted throughout the week so stay tuned.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey All,
This is a follow up from yesterdays update. We caught some action from the bottom buying dips and took partials. We thought we would update the daily chart for you all, which also supports all our analysis.
We can see already historically in the past 8 months, every time 1818 had a candle close above it, price would always follow through and as a minimum hit 1827, which is the lowest of the range it would do. We tried to illustrate this, as best, as possible on the chart. We have also marked the potential swing range (potential reversal) to manage our risk.
A break below the swing range will open the lower targets. Should this happen we will update plans accordingly and share.
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GoldViewFX
XAUUSD TOP AUTHOR
Monero ABCD Sell with the AI Intraday.Monero is lining up nicely with the AI today.
We have an expected high around 1pm @ 177. This would tie in nicely with the with the ABCD at the same level.
This could give us a nice 2-3 day Pull back to look for long trades.
Time is key to this, if we get to the time and we are still in a sideways motion then it is invalid.
A rally into 177 would complete the pattern and give us the set up we look for with AI & patterns.
GoldViewFX - Market Review LEVELS & TARGET$$Hey All.
Lets start with the hourly chart. Price is currently challenging 1807. This level was already broken with EMA5 cross and lock confirming gap to 1816. This target remains open and in range. We will look to continue to buy dips and entries will be banked and secured 20 to 30 pips at a time, as we sit in this range. We expect swings and lowest price point target we can see is 1793 on the swing range, which has served us well last week with sweet entries for buys. We will continue to play buys within the swing range and will only stop if 1785 breaks with EMA5, which will open target to 1776
The strong support that we need to keep an eye on is 1766. This level has not been tested since mid December and giving us confidence in the bullish setups.
4h CHART
The price seems to be respecting the Goldturn trendline to support the move up and 1790 Goldturn also providing this support. A break on 1790 on this H4 chart with EMA5 will open the lower targets.
4H CHART RANGEVIEW
We are currently sitting in RANGEBOX 2 which is 1789 - 1826 the largest of the 3 ranges and right in the middle of the range between two Goldturns 1804 - 1814, which defines the immediate two challenges the price will test on market open. Using EMA5 cross and candle body close will give us the confidence to commit to the right break in direction.
DAILY CHART
1804 was challenged with EMA5 but it looks like the cross has failed and we can see EMA5 flatlining above it, gearing up for another 1814 hit. We will be looking to see, which one of these level is broken with EMA5 and candle body close to open target to 1778 or 1839
We remain Bullish buying dips and we will keep you updated daily with how we trade the levels in stages. Please follow us to keep updated and don't forget to hit like on the post, we really appreciate it.
We have been in this industry a long time but only recently started sharing on Trading view in the last 5 months and very quickly we have picked up a strong following, we thank all our followers for this. Our strategies are very different and unique and we have started to see a lot copy cats copying our content. Please be careful entertaining these people, its clear from all our date stamped posts on this platform, that all the content is ours and my personal reputation in this industry also confirms this.
GoldViewFX
XAUUSD TOP AUTHOR
BANKNIFTY ::: BEARISH :::DATE: 16 JAN 2022
INSTRUMENT: BANK NIFTY
TREND: SELL
TYPE: POSITIONAL.
TIME FRAME: DAY
CMP: 38370
Sell Below: 38244
STOP LOSS: 38718
TGT 01: 37890
TGT 02: 36930
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
GoldViewFX - Update on LEVELS & TARGETS$$Hey Everyone,
Quick update before NFP. Our target at 1814 axis was HIT perfectly. Once again our Goldturn and Axis strategy confidently hitting targets. We have come onto this platform in a short space of time and making noise. That's all credit to our setups and strategies.
We now have an immediate range of 1804 and 1814 between two historical and recent Goldturns. We may see NFP momentum break either of these levels, but do not let the momentum and noise throw you off plan. We will watch how EMA5 challenges those two levels and not price alone. Once we see a break with ema5 and candle body close we will be more clear on next target. Whilst we may see some retracement from 1814, which we also capitalized on, ultimately we remain Bullish from dips and our strong support levels.
HOURLY CHART SHOWING TARGETS HIT (SEE RELATED POST BELOW)
We will continue with our updates.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Daily chart UPDATEHey Everyone,
Just a quick share of our DAILY chart for end of play. This chart clearly shows our Goldturn trendline (Our unique way to draw trendlines) being respected. Ema5 has failed to cross below the trendline and it looks like todays candle will close above this trendline, securing EMA5 within the boundary.
Although we can see price break below the trendline and create some selling frenzy to get traders stuck, the clear cross of EMA5 would give us the stronger confirmation. Therefore until we see a EMA5 break, we can safely continue with our plans to buy dips.
We will come back in the morning with more updates and generally we will be watching the market and taking it easy due to NFP. Any trades we take will be small LOTs and low exposure, unless we really get a sweet spot!!!
GoldViewFX
XAUUSD TOP AUTHOR
4H Chart UPDATE & TARGETS$$Hey All,
Our plans to buy dips have played out well. We started with a buy signal that we took profit at 1805 and then took buys from every Goldturn level. We traded small lots due to the expected volatility around news events and NFP coming up and banked between 20 to 30 pips on each level to secure the profits. We then saw price drop to the 1789 Goldturn level and we got our entries at 1795 that we are riding up and banking on the way. Having our overall target of 1814 gives us the confidence to buy dips at Goldturn support levels.
We can see EMA5 bouncing of 1804 Goldturn and turning. This candle closing here will secure that target.
We will continue with our plans to buy dips unless we see 1789 break with EMA5 and not price alone.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Update on LEVELS & TARGETS$$Hey Everyone,
End of day update for you all. Once again its crystal clear and no Smokey screens, we called it again!!!!! We called the move up from 1795 and each target hit as planned. We had 1805 hit and now seeing some retracement. Our next bull target sitting at 1814.
We would like to see ema5 remain above 1800 to provide the support needed for this target. Any break on these Goldturns highlighted will create the momentum needed for the next target. We can choose to use this to trade the levels up and down or maintain buying dips. Due to having NFP this week, its difficult to bank on a one way trip to target, so we are managing our LOTs to accommodate the swings.
We will be posting updates daily with any changes to our plans or analysis. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Updated LEVELS & TARGETS$$Hey All,
Quick update with hourly chart levels and targets.
We have a immediate range of 1795 and 1805. We are looking for each level to break with EMA5 to confirm next. The new Goldturn channel formation is geared up for the upper level touch with EMA5 cross above MA21 providing some momentum for 1805.
Please review market update on related post below for overall analysis and please don't forget to like the post.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATEHey All,
Quick end of day update. 1808 target hit and now we have some resistance here on this level. We will look for EMA5 to cross and close above 1808 to confirm movement to the next level at 1814.
1789 is the most recent Goldturn support on the H4 chart and also inline with historical Goldturn support on this level. This secures our Bullish structure above this level and hopefully has taken over the strong hold support of 1766.
We have banked all buy trades at 1808 and now we can see the price retrace. We are hoping for price to find support above 1795 -1800 to continue with our move up. If we see price fall below that then we will wait for the stronger support at 1789 to be challenged before resuming with our plans.
As always we will keep our followers updated with any changes and updates to our plans.
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GoldViewFX
XAUUSD TOP AUTHOR
Get ready to short GBPUSDHello everyone !.
This signal meets all shorting requirements except the "M" pattern that will definitely form once price hits the flipping zone which is also a confluence and price will therefore be touching the trendline for the third consecutive time.
The DXY has been bearish which has been taking the price of GBPUSD to previous highs and once the news for Jolts job openings Is out, DXY will bounce back to it's monthly high and send GBPUSD and subsequent XXXUSD pairs back down.
Once fundamentals come out and supports our analysis,please go all in using proper risk management but we have an incredibly bearish bias on GBPUSD.
Price should head back down to it's 1.34400 region before any more major move !.
GoldViewFX REPORT - Updated Levels & Target$$Hey All,
Earlier today we posted the H4 range and trading zones to support entries and exits and our overall analysis, please see related post on range management below.
We updated our hourly chart levels with stronger Goldturn support and resistance levels to help trade these levels.
Goldturn Resistance levels:
1808
1830
1850
1872
Goldturn Support levels:
1788
1766
1747
1726
The range between each level is roughly 20pips to 30pips. This will be enough for us to observe EMA5 cross and close with candle body close to confirm target to next level and allow us to move the range with the price action.
We can see 1788 broken with EMA5 and candle body close leaving an open target to 1766. This is likely to get HIT and a crucial support area that we are likely to see some support on. Hopefully enough support to resume with more upward movement. The pattern in which the price is moving and price staying supported above the this range is keeping us within our Bullish structure. Should we see 1766 break with EMA5 candle body close then we will start seeing the lower levels, 1747 and 1726.
On market open, as much as we can see 1766, we will take caution because the break on 1788 with EMA5 confirming 1766 was off the back of momentum from last weeks news events. Normally I like to see price settle down from news driven momentum and to start seeing some organic movements. It is the organic movement and EMA5 break and candle body close that is more stronger to target. We can already see end of play Friday price retraced and broke back above 1788 and EMA5 is also following for a cross above 1788 and sitting just on the line creating a Goldturn. We need to observe this in the first hour of the market open to see if EMA5 has crossed and locked with candle body close. Should this break and lock above 1788 it will open gap to 1808, which will be the more organic break and target.
The ideal sequence we can potentially see play out will be 1766, 1808 and then 1830 with some resistance at 1820 before 1830. If the order of sequence doesn't quite play out we are still likely to see these targets get hit in some order.
Please stay close for regular updates throughout the week. Should we make any changes to our trading plan, we will be sure to update you all.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - RANGE MANAGEMENT SETUPHey All,
We will post our usual analysis for the week on our weekly GoldView report shortly before market opens. This is a quick post using historical ranges using range HIGH and range LOWs to create support and resistance trading zones and the range of the potential swing in the trading zone.
Its really important, as a trader to identify the potential reversal in order to manage the reversal on your equity and exposure without making rational cuts too early or hold a reversal, when the swing range is too big for your exposure. Every trade entered; 8 out of 10 times it reverses, we need to work this into our trading psychology in order to make room for this in our risk management and make sure the potential swing falls within our risk appetite.
We have highlighted the zones to BUY and SELL with the central zone for take profit, which is inline with the ranges consolidation area allowing any swings and momentum based movement to come back to this range for consolidation, providing a safe zone to take exits before you find yourself trading against the range and outside of the SWING RANGE. If you find yourself trading against the range, it should only be within the swing range, which provides more confidence in coming back into direction then stretching out your equity, with no plan or a range management map.
We hope you find the range management map useful for the current range and it helps you to see a clearer picture of what the price is doing. Remember nobody can tell you what the market will do or predict the movement 100%. The best anyone can do is use historical data to have a better idea and speculation of what the price may potentially do, based on what it did before and how it reacted to similar market dynamics before.
Please don't forget to like, comment and follow to support us, we really appreciate the likes and it helps us to bring more content to you all.
GoldViewFX
XAUUSD TOP AUTHOR