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GoldViewFX - 4H chart UPDATE and PROJECTIONThis is our 4chart update. We can see price broke out of the Goldturn channel to the downside and now challenging the bottom of the range box 2. Price has crossed this level down but now we are waiting to see EMA5 cross this level with a candle body close. This will then open gaps to 1770 and 1766. We expect to see some support at 1766, 1770 levels and then hopefully a formation of a new EMA5 channel targeting 1789, 1804, 1814, 1826 on the next run. I hope all our updates and analysis has served everyone well this week. Please don't forget to like, comment and follow to support us, we appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - Updated LEVELS and TARGET$$We have updated all the strong Goldturn levels using historical turns. We will look to see how EMA5 breaks each level with candle body close to allow us to trade each level in stages and analyse its movement at the same time. We hope to see the price find support and retrace back to its Bullish structure. We can see from zooming out, each time an ascending channel is broken to the downside, in this market structure, we see retracement back up to test the channel again. We can potentially see some retracement down to as low as 1766 to then resume back to target 1808, 1828. The market has dropped 2 ranges, we have had an awesome month of targets being hit. This is not the time to jump back in. We will let the momentum settle and price settle into a range before we start to commit to new positions. Please don't forget to like, comment and follow to support. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
GoldViewFX - Update on LEVELS and TARGET$$We posted this last week and this was a live example of back to Benchmark. We got our 1852 target although we were hoping to also see 1856, which is left open and then FOMC triggered the move down also inline with a strong resistance, we already identified for shorts last week. see below; This chart played out testing the 1850 zone and then dropping to the floor of the channel. Crucial area for the Bulls to potentially find support. Although we missed the 1856 Target (see below) which was our final target and inline with some of our channel ceilings, we still remain confident to pick up buys from better entries here. The chart below, which we have been following all week played out perfect again hitting all targets, however final target slipped and the drop down has now stalled, at the zones we identified as a strong support to still maintain bullish structure for us to buy dips. Charts and levels all point towards support here and we hope to see some movement up from here. However we will let the FOMC momentum settle before making any strong plans. We are taking signals both ways but will be keeping the LOTS small and just observing till the end of the week. The Goldturn levels are strong levels, if you follow them, then just watch how they break with EMA5 and candle body close, to confirm next level. Please don't forget to like the post, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
GoldViewFX - 4H Chart UPDATE & RANGE VIEWHey everyone, A quick update for end of play today. As you can see the chart speaks for itself, we have hit our first target at 1852. Those of you, who have been following all our posts, would have seen how we have been calling each target step by step. Price has reached the Goldturn channel half line at 1852 and now we need to see EMA5 cross this level to confirm movement to the upper level of the channel to the next target at 1856, 1859 AXIS (strong level) and 1872. We will review this by each level and keep you all posted. Current RANGE VIEW (See related post below on how to read Range View) Its beautiful to see the Range Boxing in action here, showing a range view of the current price range and the entry into the new Range box, which is also inline with our overall analysis on 4H chart. FOMC tomorrow, so we plan to stay out and if we decide to play, we will only be using small LOTS to test waters. Please don't forget to like, comment and follow. We really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15
GoldViewFX 4H Chart UPDATE & IDEAHey Everyone, A quick update following on from our post this morning. The targets we identified for our buys were hit perfectly and retraced from the Goldturn as identified. We maintained our plans to buy dips and taking positions from Goldturn supports identified. Here we have the 4h chart update, showing a Goldturn channel that we broke out of and now broken back in. We have identified the potential future break of this channel with a supporting trendline and should our plans maintain support, then we shall see price go back up and hit our channel top target at 1852 and 1856. We have updated the 4H chart Goldturn Levels and as long as 1790 is not broken, our 4H chart bullish structure remains. 1H CHART UPPDATE (SUPPORT AND RESISTANCE LEVELS) Please don't forget to like our post, comment and follow, as always we appreciate it and it helps us to keep you all updated with our ideas. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - 1H Chart UPDATE on TARGET$We posted this yesterday (see related post below) identifying the Bullish movement yesterday will look for support at 1828 Goldturn. This is once again playing out perfectly. If this holds at 1828 as support we should see another push to the upside. This is another example of strong resistance turning into support. A break or range between the two Goldturns 1828 - 1840 will now determine our current range and projected range. All our buy signals TPd at 1842 given the Premier Club the perfect exits. Pleasw dont forget to like, comment and follow, it really helps us to bring more regular updates and analysis to you all.
OANDA:XAUUSDLong
by Goldviewfx
4
GoldViewFX - Updated LEVELS and TARGET$Hey All, Just a quick update and illustration of what the price is trying to do. The Goldturn trendline is giving us a steady move up with enough time to assess any change in the structure. If EMA5 finds support close to 1838, then we will see the move up towards the upper targets. However, as you can see from the blue triangle sitting below the Goldturn trendline, we can expect retracements down to 1830 and it will still support the structure to buy dips. 1830 level will also be the half way mark from benchmark; if price finds support at 1830 and starts the Bull Run, then we said this happens (see related back to benchmark post below) when price shifts a range and therefore price doesn't need to go back to benchmark, otherwise we would always see price come back to Benchmark 1816 level. We will remain Bullish above 1816, and any changes to our plans we will keep you all updated. FOMC is tomorrow so I will only be taking small LOTs and low exposure. Please don't forget to like the post, comment and follow, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
13
GoldViewFX - Update on LEVELS & TARGET$$ Hey Everyone, Just a quick update from yesterdays analysis. Our setups for buying dips still in play and we have started to see this play out with price hitting two targets 1838 and 1844. We had a rejection at 1844 and saw price come down to 1838. If 1838 resistance now turns into support and holds this level we will see the continuation of the Bull run. If this level fails to hold and breaks through with EMA5 cross and candle body close below this level, we will see price go further down to the Goldturns we have identified to find support. Each of these support levels are buying opportunities for us. Any sell signal that are being activated, we are taking with small LOTs. Our main focus is on buying dips, as the current structure supports it. Any changes to our plans, we will keep all our followers updated. RANGE VIEW The range view shows price sitting in a dead zone. 1830-1847, outside of the most recent historical Range Boxes (see related post on RANGE BOXING below). We are taking caution at this range, as price can take a swing either way and change the structure. Stay close for more updates. Please don't forget to like, comment and follow; it really does help us to bring more content to you. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GoldViewFX - RANGE BOXING = RANGE VIEW - STRATEGYHey All, We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy. RANGE BOXING creates what we call a RANGE VIEW; A clear view for price action within pre-determined zones. This then allows us to trade a ranging market and get out before a RANGE BREAKER or gear up to ride the RANGEBREAKER by identifying the RANGE SHIFT. I will define each term below and then walk you through the strategy. RANGE SHIFT This is the early signs of a range breaker or a merger of a range and allows us to start identifying when the price is about to break out of a range or MERGE (more likely). RANGE BREAKER The break out of the range into another range confirmed with EMA5 break and candle body close above or below the RANGE BOX RANGE BOX Boxes created around a side by side price range, defining the top and bottom of the box with EMA5 Goldturns (See all my previous posts on Goldturns) Its the way we draw SUPPORT and RESISTANCE. They create levels with less noise and more suited to trade Gold. Please see example below of a RANGE BOX, created using GOLDTURNS. RANGE VIEW This is created by using historical range boxes in the same range and bringing over the boxes to the current price range. This now gives you the view of the projected range. HOW TO USE THE STRATEGY Strategy can be used on higher time frames for longer term direction, however I find it more effective to trade with on the 1 HOUR and or 4 HOUR chart. I zoom out of the chart and look for the last time the price was in this range and identify the 3 ranges. One range above (RANGE1), the middle range (RANGE 2) and the bottom range (RANGE 3). I then created boxes around those ranges 1,2 and 3 using the highs and lows of the Goldturn levels. (See example above). Once this is done, I now bring those boxes and stretch the boxes across to the current price range. This now gives us the RANGE VIEW. I always put a half line across the range of a RANGE VIEW. It allows me to break down the zone to identify the RANGE SHIFT. I can now trade the current range using these levels, bouncing up and down the range. Identifying each level break and rejection using Goldturns and EMA5 breaks. If a box is broken with EMA5 and a candle body close, its a range breaker and it opens target to the entrance of the next RANGE BOX. To enter the RANGE BOX we again look for EMA5 to break inside with a candle body close, which then confirms movement to the half line and then same again for the target to the top of the RANGE BOX. A rejection by resistance, will then have the price come back down to find support, until we see another breakout. We can start to identify early breakouts by identifying a RANGE SHIFT and a fake BREAKOUT by Goldturn rejection. Please see the example of the chart, RANGE 3 into RANGE 2. When the half line is broken up from range 3, price started to find support on the half line from resistance to support. This allowed us to identify the structure for a RANGE SHIFT. RANGE SHIFT's are easier to catch then a RANGE BREAKER, as a RANGE SHIFT is a merger approach into a new range. I can now also apply the Back to BENCHMARK strategy, as an overlay on each range to support a BREAKOUT or RANGE SHIFT. I hope you all find this setup useful and it adds as an additional tool to support your trading analysis. Please don't forget to like, comment and follow, it really helps us to bring more quality content to you all. GoldViewFX XAUUSD TOP AUTHOR
FX:XAUUSD
by Goldviewfx
19
Could be a slippery slide lower on the ASXThe ASX200 is under pressure as price falls into the weekend on stock market meltdown fears. US rate rises and inflation, along with other concerns, are weighing on bullish sentiment and testing the patients of buyers. Is this the calm before the inevitable storm? To me, the 7175 level is the line in the sand after the recent RTF (Double Top) at 7625, and buyers will need to hold the line if we are to see higher prices. Price has extended into the level so may see a bounce on some bargain hunting in coming sessions although this will largely depend on how the US performs tonight. US bonds are pointing to four rate rises this year which is more than expected and pressuring markets. There are some saying that the US Fed has made a mess of easing and have left it too late to contain inflation so will be chasing with faster tightening. If this is the case, I do not see traders wanting to add risk to portfolios or Funds willing to support price...so now is the time I am happy to be cautious hence the recent short on the ASX200 CFD. Check out our website and follow us on social media.
ASX:XJOShort
by TradeTheStructure
3
GoldViewFX - 4H Chart LEVELS & TARGETS$$We have been posting upon post about being in a Bullish structure for weeks with our ideas and needless to say all our ideas have played out and our plans on buying dips throughout the month has paid off. We have drawn a Goldturn channel, which has been respected well and price has been supported well, at the bottom of the channel. Its not had much play in the upper part of the channel. However price has now broken the half line of the channel. If price can now find support on this half line, it will re-affirm movement to the upper levels. 1856 is the next target, which it can go do now or ideally we would like to see some retracement, support and then push up. This will then allow us to get some good entries. Should we get a strong rejection on this zone, which is likely at the upper levels going by historical data, we will update our plans accordingly and share with our followers. 1H CHART This was posted this morning before the movement up. We identified 1847, as the next target. This was done perfectly! For our new followers; please see related posts below, to see how we called the movements before they happened! Please don't forget to like the post, comment and follow to support our work. It helps us bring more to you on this platform. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
15
GoldViewFX - H1 Updated LEVELS & TARGETS$$Our upper levels have opened up and we have drawn the Goldturns to cover this range by taking historical data in this same price range with targets up to 1847 and above. The upper part of the GOLDTURN channel drawn using Goldturns is sitting at 1862. We are expecting another push up, however we may get some retracement to 1830 level to find some support. We have updated the chart with all the Goldturn support and resistance levels to follow. We will watch how EMA5 challenges these levels to confirm direction and sequence of the movement. Our plans to buy dips still remain, as the bullish structure is still in play. If this changes we will update our plans accordingly. DAILY CHART EMA5 has broken 1818 daily chart Goldturn opening gap to 1850. Please don't forget to like, comment and follow to support us, we really do appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8