Goldviewfx

Goldviewfx

We can see areas of support left open for price to test and we expect these to be taken out during the week. However our stronger bias still sits with the bulls so we will look to take these support areas to add to our buys. As always we never rush to take our positions and always patiently seek to identify best entries. 1830 to 1835 are the next DAILY view areas...

Goldviewfx Updated 

BULL TARGET 1880, 1891 AND 1906 These Bull targets are open, we are looking for further confirmation on market open. Looking for EMA5 to break 1868 and close above. Price has already challenged this level twice last week. Now we are looking for EMA5 to challenge this level and then break it. EMA5 crossed above MA21 to give us the momentum needed for a stronger...

Goldviewfx

We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of reversals and how the lot sizes impact the value of your account during this...

Goldviewfx

Hourly Chart Update Price failed to break 1868 and as we expected retraced to look for support at ma63 (red line), which it did. This is the first level of support after 1852 in line with gold turn at 1846. If price fails to support on this level we are expecting 1832 to be HIT. We are then expecting some ranging movement between 1832 and 1852 before another test...

Goldviewfx

1830 was broken, as per our analysis and targets. We are waiting for the momentum to exhaust and then expecting the price to settle at 1852 before it continues the bull run, as the new range has now been open. If 1852 is not supported then we will look for price to support at 1832 before another Bull run. Current Bull run was rejected at 1868 EMA TURN...

Goldviewfx Updated 

4H RANGE 1830 to 1826 1818 level has been hit. EMA5 challenged 1806 on market close. We are looking for EMA5 to break this 1806 level. Once this level is broken and secured by EMA5, historically price tends to then sit between 1806 and 1816 and range sideways. We are then expecting EMA5 to break and close above 1816 for price to break open 1830. Once we see...

Goldviewfx Updated 

As per our analysis earlier this week, we saw EMA5 break 1818 and 1823 level and secured with candle body close. This confirmed our movement to 1830. We now have a candle body close and EMA5 break to confirm movement up to 1838. We have some retracement due to the strong 1830 level which was expected to see sellers coming in, however 1823 has now supported this...

Goldviewfx

1825 is being challenged and holding. A break here will give the momentum to break past 1830 and beyond. A rejection here will take us to 1818, 1814, 1807, 1800 and then 1796 and below. A confirmation to look out for is the EMA5 cross below MA21. This will confirm rejection. However a bounce off the EMA5 on the ma21 is a confirmation for further push...

Goldviewfx Updated 

H1 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...

Goldviewfx Updated 

Our 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...

Goldviewfx

We 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...

Goldviewfx Updated 

Price has broken outside the trendline which opens 1806, 1818, 1830 but resisting on a EMA5 strong turn resistance. If we do not get confirmations via our Goldview setups then it is likely to break back into the channel and target 1787, 1777, 1767 and then 1748, as these setups have already had some activation. We will keep you posted on how we manage this...

Goldviewfx Updated 

We have a target for 1748 also confirmed with EMA support break. We still have price supported here at candle body close support level . FOMC may give us the momentum to break this. 1785 resistance level is also due as per our market review. We keep it light before any big announcements so trading small lots. Please like and comment to support us. GoldView

Goldviewfx

We are taking profit here and closing out all positions. This is a nice position to be in pre FOMC news. We will post any pre or post FOMC ideas later on. Please like, comment and follow us to support what we do. GoldView

Goldviewfx Updated 

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...

Goldviewfx

As promised alongside our analysis and reports we will also be posting basic educational posts to help newcomers. Today we show how to draw support and resistance lines the GoldView way. There are so many ways to draw and establish support and resistance lines. Typically this is an area where price stabilizes and fails tp break. Visually this can be represented...

Goldviewfx Updated 

PROJECTION - 1787 has now been broken with our EMA5 moving average. 1778 has been broken with price but still supported by EMA5, which opens a window for sideway movement. We may see our self in a short term range of 1787 to 1767. After this consolidation we are looking for a breakout. The two range open to us once we break out this range are on the downside...

Goldviewfx

This basic representation of a candle is useful to newbies starting of in technical analysis. For all the advanced followers we will post our Goldview report this weekend. Please note time to time we will be making posts like this to help newbies to start reading and understanding the charts and that has to start with a candle! Please like, comment and follow...