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Sellsetup

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 UPDATE on open TargetsOur support and resistance range has been been respected well. We have setups activated for the Bull run all the way to 1830 and Bear run to 1726. Choosing either direction is okay if you stick to a strict risk management plan and that you are able to money manage the range when the price turns. Our sell targets from last week we banked and some positions we stopped out today. This is where, as traders we need to confidently take our stops, as we know where the price is going either way. The 1818 was activated and left open and now locked again so looks due to be hit. If any of these challenges fail then we will look for initial confirmations with EMA5 for each support challenge and then ultimately the open target to 1748.
OANDA:XAUUSD
by Goldviewfx
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 Sell Target AND chart observation.SELL target 1774 Our trade played out nicely for the buy and as discussed we took our sell from that buy target. Our target for this sell is 1774. We are taking our sells with small lots and tight stops, as our overall analysis still expects another Bull run. CHART OBSERVATIONS H1 Chart Ranging between Support 1789 and Resistance 1797 Price and Moving averages consolidating Our moving averages are all below price, acting as support Price is currently moving sideways between resistance and Moving average support Currently what we see is a flatline effect, which is common before a breakout This indicates potential for a large movement either direction If Moving average support holds strong we can expect an attempt at 1797 and then 1800-1806 If support is broken the next level of support challenge will be 1778 and below H4 Support 1789 and Resistance 1794 Moving averages are all below price, acting as Support Price is currently challenging 1794 and all our moving averages If price breaks resistance at 1794 the next level of resistance will be 1800-1804 However if price is unable to break resistance it will attempt to test support at MA21, MA63 and MA84 before support at 1787 and below D1 MA200 is acting as strong resistance MA21, 63, and 84 are acting as support Please like, comment and follow to support us. GoldView
OANDA:XAUUSDShort
by Goldviewfx
1
GBPUSD Sell Update. MAJOR PROFITS AND MORE TO COMEGBPUSD has played out very well from short positions up @1.38250. Price consolidated up there for a bit but plenty of pips could have been caught from that price. Ive shown two potential plays from market open @ 5PM EST time. We could retrace up to 1.37250 and then continue selling down to 1.365 price point. The second scenario that might not offer another entry could be price pushing straight down to 1.365 at the beginning of the week and making a low. Once price hits 1.365 I will release another markup so you can compare to your charts and see if our analysis lines up. I hope everyone has a profitable trading week. IF not profitable then an educational trading week. Happy Sunday and Happy trading.
Short
by kamaricolmn
1
GOLDVIEW REPORT - UPDATEDH1 CHART - Support and resistance range 1780 - 1810 - resistance held well at 1810 - Gold is retracing down targeting the open gaps left. Direction is still Bullish and yet to see stronger confirmations for a trend breakout. - MA200 is currently acting as support around 1785, if broken next level will be 1778 - MA63, 84 and 21 moving averages are all above price action acting as resistance, if challenged and broken we can expect another challenge at 1810. - Overall the price is Bullish with good buying opportunities. - next level of support 1778 and then 1770 H4 CHART - Support and resistance range 1781 - 1804 - strong bounce of at 1804 resistance - currently challenging MA63 and 1782 level of support - if broken next level of support will be MA84, MA200 within 1762 - 1775 - if price bounces of this support it will go back and challenge 1804 D1 CHART - Support and resistance range 1760 - 1810 - 1810 resistance held with a strong bounce off - current challenge MA63, if broken next challenge will be 1780 and then MA84 and 1775.
OANDA:XAUUSD
by Goldviewfx
GBPUSDWe are at a crossroads with GU. Not seeing where its time to sell. If you observe the daily it could just be a pull back to push higher. If you look at GJ (correlated Pair) you will see that its over extended and the could retrace heavily. If you look at the DXY support was formed as well News Confluence as well, where the EU said the are still issues with Brexit deal ("far apart on the big issues" involving Norther Ireland) Scientist also say UK should resort to Plan B in Covid measures (Covid Case rising) So there are a lot of sell confluences. But the market is still KING, still following price action.
by GUgod876