We posted this plan on the 17th of this month and clearly marked the levels and targets. As you can see from the arrows marked on the chart; we projected some movement down first to test support and also predicted these support areas, as good entry zones. We also identified and marked the take profit zones. These levels were all respected and tested and we also...
While we get ready for the holidays we thought we would post some chart patterns for our newbies over the next few days. The head and shoulders pattern is a formation of 3 peaks with the head being the highest peak (Lowest on inverse). The entry should be below the neckline (Above on inverse). The measure of take profit can be taken by measuring the peak of the...
HOURLY CHART We had a strong push from the bulls last week and we hit our 1808 target level. Price was rejected at this level and retraced to the next Goldturn support at 1797 and candle close. However the week closed with a bullish candle close above 1797 and EMA5 yet to test so we may find support here to continue further movement to the upside. We also had an...
We posted this chart with our targets clearly marked. As you can all see each of the targets got taken out and in order. We also identified the support areas that needed to be tested to give the momentum needed for clearance for our Targets. Each level was discussed and broken down on our previous posts. The last target of 1796 was held up by 1787 Goldturn that...
We have updated all the levels and now waiting for price to be either rejected on this zone at 1796 and then to go and test 1778 for support. This level has plenty of historical Goldturns making it a strong level. We have closed all long positions for now. If we get EMA5 to cross and lock above this level with candle body close then 1808 level will open up. Our...
Gold has dropped down over 12000 points and now consolidating into a range. We are also approaching end of year and may see the price move sideways before making attempts for another breakout. We are expecting price to play within the overall range unless the price starts to play within the primary current range, in which case there's a stronger chance to...
We have updated our Daily chart levels, which we have not done for a while, as most were inline with our H1 levels before. We expected some bi directional movement for FOMC and that's what seems to be happening right now. We have outlined the levels and what we see the price doing. We will update new targets or any changes tomorrow. For now our plan remains...
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...
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...
We have two Goldturn support levels at 1770 and 1766 that are supporting price in this zone. Once this level is broken we will open targets below. For now while this level has been holding we have been buying the dips successfully. We have 1776 broken with EMA5 cross and candle body close confirmation, which has openned target to 1781. However first stop will be...
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...
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...