ADVANCED GOLDTURN RANGE BREAKER LEVELS - These levels identify ranges moved across from historical levels and respected well for breakouts. Please like, comment and follow to support our work. GoldView
These are S&R levels we drew using our Goldturn strategy. Market is sitting in a tight range between 1850 and 1872. A break with EMA5 at 1856 goldturn level will open doors to 1826. 1826 is a key support level in favour of the Bulls. This level is the Bulls stronghold for this range. If this level is broken then all support levels are open for target. 1868 is...
Its a easy to forget the basics and a reminder is always needed to identify what makes us WIN! Stay true to yourself! Please like, comment and follow to support us. GoldView
We have reviewed the hourly chart earlier this week with our gold turn strategy already. Targets for our short to mid range BULL targets have been hit and we are taking partial profits on the way. However 1880, 1891 and 1906 targets are being held by our EMA5 GOLD TURN on the 4h chart at 1868. When this is broken by our gold turn it will give us the clearance...
We posted this chart yesterday before the drop in price. We drew our channels using the gold turns and not the traditional way. We identified the price breaking our of the channel and then respecting the eternal trendline. The EMA5 cross and break out of the channel and gold turn strategy confirmed and our outstanding signals confirmed the move to 1850 which we...
We draw channels using our EMA5 gold turns and find this is respected very well in the gold market. We can see the channel has broken on the downside. We are looking for a break above 1880 to resume back into the channel and go for our bull targets. This break outside of the channel opens support level in the region of 1850. Please like, comment and follow to...
We have drawn our support and resistance levels using our gold turns. We can see areas of support for retracements, which we will look to add to our longs and close and shorts. We are looking for these levels to be tested with EMA5 for further confirmation. We already have advanced signals confirming these moves from last week. We are now breaking down these...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...