Hey Everyone, We review all timeframes but don't usually chart on the 2H chart unless it cleans up some of the noise from the 1H chart and helps break down the 4H chart. Please see the 2H chart Goldturn levels and structures. We are trading in the lower range with the lower levels now open but will need to see EMA5 cross and lock to confirm this level to level....
Hey Everyone, Please see updated 4H chart Goldturns and targets for the coming week ahead. The 4H chart is looking bearish with price challenging 1644 Goldturn support. We will need to see EMA5 cross this level to confirm break of this support to open 1625. A failure to break 1644 will see price head back up to challenge 1662. We will now wait patiently and...
Hey Everyone, This is an update of our 4H CHART setup. Once again, a perfect example of our trade idea playing out. The break below 1691 support structure confirmed 1673 and 1662 as advised on Sunday, which confirmed the open of the swing range in advance for us to plan our entries. This was hit perfectly, which allowed us to take our buy entries from the swing...
Hey Everyone, Please see weekly chart update. We have kept the last 2 week's updates on the post so you can see how well the overall picture has been playing out week to week with our new week to follow. TWO WEEKS AG0 We identified a weighted Goldturn at 1622, which was open for target, and hit perfectly. We also expected this level to act as support, which also...
Everything is in the chart and related ideas :) 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close...
Hey Everyone, Please see updated 1H chart with new Goldturns, support/resistance structures and targets. We saw price move up aggressively at the end of last week with a test on the resistance structure. This left a candle body close above 1671, leaving a gap open to 1676. However, we saw a rejection on this level on Friday, which may follow with a movement down...
Hey Everyone, Please see our 4H chart, which we have been tracking and trading since last week. This is still very much in play so not much needed updating on the levels. This chart is a clear example of why we draw channels using our Goldturns and not the traditional way, which everyone else uses to draw channels. This is very much a GoldViewFX standard and...
Hey Everyone, Please see weekly chart update Last week we identified a weighted Goldturn at 1622, which was open for target, and was hit perfectly. We also expected this level to act as support, which also played out as we expected. We took advantage of this and used our smaller timeframes to take buys from support and exit safely before rejection using...
Hey Everyone, Another fantastic day today. We waited patiently for the support test at 1663 and with signal confirmation we took 2 entries and two TPs to close the month off to a perfect finish!! We saw price fall to a key Goldturn support level on Wednesday where we then saw some aggressive buying back up. The new Goldturn for the day yesterday, which formed...
Hey Everyone, Its lovely to see this chart idea playing out to perfection since Sunday, with no changes or amendments needed to be made!!! We tracked and traded the price from swing range to all the way up Goldturn to Goldturn. Yesterday we saw strong resistance structure break 1653 and open the upper Goldturns, 1663 being the first one. However, we saw price...
Gold sell long term are you ready ?don,t missed the ralley .market this time at a weekly supply zone. we expect bearish move .next target is demand zone
Hey Everyone, Please see updated weighted Goldturns and targets for the 4H chart. We have been following this chart from last week as we already incorporated historical weighted Goldturns in the new range. As you can see from the projected arrows, we posted last week, price has been following the route map level to level respecting the Goldturn channel. We...
Hey Everyone, Please see updated daily chart structure. We are at a very crucial support zone on the daily chart identified last week. EMA5 is challenging 1660 Goldturn, which we saw price bounce off last week many times and daily candle failing to close below. However, Friday we saw price close below 1660 but EMA5 failed to cross, leaving room for a recovery...
Hey Everyone, Another awesome day for us at Premier. As planned, we waited patiently for the support test once again. We have our 1H chart setup mapped out with the support and resistant structures that price has been ranging between. We will not chase a range breaker direction until we see the weighted Goldturn levels break in either direction. So, for now, we...
GOLD (4H) is forming bearish price action below daily resistance. After the monthly breakdown, the price is currently below monthly support. previous daily candle has a lower high, today price creating a series of lower high below this daily resistance signs of selling pressure giving another selling opportunity.
Hey Everyone, Another awesome day!!! Market opened with a challenge on previous days Goldturn high 1676, followed with a new Goldturn at the same level 1676. This confirmed failure to break previous day's high. We waited patiently for further confirmation and identified EMA5 cross and lock below 1671 to 1664, confirming the movement down to the next level. We...
Hey Everyone, Fantastic start to the week. We waited patiently for the market to hit support levels 1671 and 1659 and then waited for a new Goldturn and took our BUY entry, all the way to 1669 for the perfect TP exit. We still have an open gap target to 1687, which gives us the confidence to take buy signals. However, due to the Fed's rate hike announcement and...
XAUUSD Will Keep Growing Target For Buyers after downtrend inverted hammer See the graphic for my analysis of gold. I am preparing for a potential sell when the market retraces to levels near 1700.