1770 supported due to the two goldturn support identified. 1776 and 1781 targets both HIT perfectly, as per our analysis. We will now review to see if we need to make any changes to our plan for our third target from earlier this week. Please don't forget to like, comment and follow to support us so we can continue to deliver the analysis we are providing....
BULL FLAG This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the of pole. BEAR FLAG This pattern occurs in a downtrend to confirm further movement down. The continuation of the movement down can be measured by the size of the pole. Please don't forget to like, comment and follow...
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....
We had 3 open active targets in order of sequence; 1774 and 1786 both got done and we were waiting for our third target 1796 to be hit. Price did the move and we nearly had the 1796 but got rejected at 1793. This was due to the Goldturn resistance level at 1793 acting as temporary resistance, as shown on the updated chart. However our target for 1796 is still open...
Our second target at 1786 is now done. We had the support target at 1774 done earlier and expected this to be supported for now, which played our perfectly. Now 3rd target at 1796 is due. We will review this and update with any changes and how we manage any changes. Please dont forget to hit like, comment and follow to see more updates on how we manage the...
Quick update on the outstanding intra day targets. 1774 done! now looking for support and then 1786 and 1796 due. We will update any changes, as the price plays out. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
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...
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...
We have updated our short term NFP Goldturn levels on the chart that the price will be respecting. If broken with indicator cross confirmation with candle body closing, it will allow us to identify the direction of the next stop. Buying dips is still working for us and we will only re-consider this direction once 1764 is broken. We are expecting another challenge...
We have a signal activated to 1797. If this target hits then that is a good entry for a sell, as per our report yesterday for the bearish movement we are expecting. Trade safe and remember to stick to a simple plan!
We have identified a new Goldturn axis level at 1764, which is likely to hit. a BREAK below 1764 axis is significant and if we get a confirmation and retest once broken we will not consider taking any further longs for the short term , as it will open targets to 1746 and 1726. If 1764 gold turn is HIT but not broken and re tested then we wil continue to buy the...
This was posted last week with our Goldturn levels identified and the direction we planned to take those levels on. As you can all see from the the arrows on the chart we planned to take buys from the dips and this worked perfectly for us. Each level was respected well for entries and exits. The support levels allowed us to take the buys and bank on the levels...
We have identified H1 Goldturn levels to keep an eye on. We usually do not trade before FOMC and let the market do its thing and settle before considering any positions. We have also identified and highlighted a broken Goldturn, which opens target to 1774. Goldturn Resistance Levels: 1793 1807 1815 1825 1830 1847 Goldturn Support...
1794 being broken with EMA5 confirming 1785. We are expecting this level to hold and then a challenge back up at 1794. A goldturn break on 1994 will then open target to 1810 next goldturn. We are expecting 1810 as a target! Please review our weekly report on related links for our overall anlaysis. Please don't forget to give us a like, comment and follow to...
Gold has seen big movements this month. This is the time to analyse and plan for the week while the price has settled into a range. We have already posted a plan for our buys and sells last week (see related links), which we will update throughout the week and also breakdown the levels and make tweaks, as the price action plays out. So far no changes need to be...
This is another post sharing how our Goldturn strategy works live in action!!. As always we would also use other analysis for further confirmation before placing trades and we are also mindful of key resistance or support levels. Here we show a break of the previous days high Goldturn level with confirmation with a candle body close to open target to the next...
We have already posted our Bullish trading plan (please review related idea below), which is the one we are leaning more towards. On our Bullish scenario we will be taking more entries with less indicator confirmations. This plan is for our Bearish scenario and we will only be taking sells on the levels identified and with our technicals and indicators. Please...
This is our Bullish scenario trading plan, should each of these levels be tested, together with our daily analysis and technical confirmations, we will be taking our buy entries and taking profit at the areas highlighted. We find it very useful to always have a trading plan to follow. It allows you to follow a initial map and it then becomes easier to make changes...