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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 and Target UPDATE !We posted this idea yesterday for market open identifying some key support areas and two Bull targets. BOTH BULL TARGETS DONE TO THE TEE !!!! We described how the price was respecting a descending Goldturn channel and how we identify when a channel is likely to be broken and the direction of the break. We identified a goldturn support within the channel that was stopping price from visiting the bottom of the channel and as suggested we expected a break up and challenge to Goldturn targets, which it did nicely!!!! (Please see related link idea below) We still have a support target at 1778 due. A test and rejection was needed on this level to give full clearance of the channel. This leaves room for another drop to this level therefore will not add to any longs yet and we have taken profit at 1790 already. We will keep 1778 in mind and not as a target but more so for support to confirm if we have had a clear range breaker. Don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
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
4H Chart Goldturn LEVELS and TARGET $$Price found support at 1766 Goldturn after a big drop from 1877. Price retraced up to Fib level 23.6% and found temporary resistance here. We can see price heading towards 1805 Goldturn level, which is also in line with fib level 38.2%. If we see EMA5 cross with a candle body close above 1805 Goldturn then we can expect price to hit fib level at 50% at 1820. If price is rejected at 1805 then we can expect a challenge at 1766 Goldturn support level. Please do give us a like, comment and follow us to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
NIFTY50 MASSIVE BEARISH CONTINUATIONON NIFTY50 Daily chart we have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise. The market cycle in the daily time frame chart for Nifty made a bearish long day candle on Friday. This candle completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at the highs, and the area is considered a reversal pattern on the downside. Breakout the support zone and moving in a parallel channel formation continues to the next target and breaking zone 16750-16000 Wall Street's three leading indices fell on Friday, with the technology stocks-heavy Nasdaq Composite tumbling 1.9 percent, as investors bet that a strong jobs report would not slow the Federal Reserve's withdrawal of support while they grappled with uncertainty around the Omicron coronavirus variant. European markets also dropped earlier in the day, with the pan-European Stoxx 600 index declining 0.6 percent. The overall sentiment is Negative. Nifty Intraday Trade Setup for 7 Dec. 2021 ====================================== Intraday Support is: 16,150 Intraday Resistance is: 17.350 Key Resistance is: 17,600 Key Support is: 16,780 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NSE:NIFTYShort
by legacyFXofficial
3
1710 long term gold target identified This is a quick update on a new level that we have identified in our setup. We have been buying dips and still targeting longs from good support levels. However we have just identified a Goldturn AXIS level at 1710, which is likely to hit at some point before some of our long term Bull targets. 1819 is still looking like a level that would be taken out before this axis level. However now that we have this target activated we must take caution in managing our long positions and make sure we are able to manage any exposure at that range. Please also review our overall report and analysis on the link to related ideas below; Please dont forget to hit like, comment and follow to support us. GoldViewFX XAUUSD Top Author
OANDA:XAUUSDShort
by Goldviewfx
GBPAUD SELL The market has been trending upwards for quite a while now. Having broken the higher highs of that bull leg to find major resistance zone. from this point we will have to hop on the intraday time frames to look out for possible reversal patterns , secondly to look for possible structure . then finally lower lows and lower highs . that the chance to hop in . we need confirmations that the market will sell and create trends in the lower time frame , for us to get involved .
Short
by DIGITALASSETSINC
NZDJPY BEARS LOADING !!Hello team , This is a classic pattern of breaking both dynamic and horizontal resistances . The break of the dynamic support zone .clearly shows that there might be a possible change in direction. the break of the horizontal support line , shows that the bears have a significant presence . both of this are okay but we know we don't participate in the push phase , we need the market to exhaust so that we participate. what we are looking for is the lower time frame for a definitely change in the market to lower lows and lower highs .
Short
by DIGITALASSETSINC
Gold TARGETS$$$ and support & resistance levels We have updated the hourly Goldturn support and resistance levels. Price was supported at 1766 Goldturn and smaller Goldturns created above it. EMA5 has crossed 1778 with a candle body close, which opens target to 1794. 1808 is the challenge we are looking for. A break on this level will confirm 1830. We are still buying dips unless we see a break and close below 1766, which will then open the lower support levels of 1746 and 1726. Goldturn Support Levels: 1778 1766 1746 1726 Goldturn Resistance levels: 1794 1808 1819 1830 1862 1872 Please do like, comment and follow, to support us. GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7