About meWe have over 10 years of experience trading in the Gold & commodities markets. All ideas and analysis are only to be used for information only and must never be used to trade with.
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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...
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...
Please see updated daily chart structure and setup.
We have identified and drawn a Goldturn descending channel, which is being respected well. We have also broken down the channel with the weighted Goldturns to track the movement level to level.
We saw a nice support test at channel floor above 1612 Goldturn with EMA5 creating a new Goldturn at...
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...
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...
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...
Quick update on our 4H chart, which needs no introduction!!
We have been tracking and trading this since Sunday night and as you can all see the chart idea is playing out as planned. We saw the channel floor being tested and respected earlier this week and now the perfect test at 1664 Goldturn in line with the channel ceiling.
This is a crucial...
What a PIPTASTIC day for us today!!!!
As per chart our Goldturn 1620 had a new Goldturn created with EMA5 highlighted on the chart, which followed with a signal confirmation for a perfect BUY trailed all the way to TP and beyond!!!!
EMA5 is now challenging structure resistance. This is an important challenge to confirm further movement up or a...
As you can see, price is still within the swing range and found support above 1620 Goldturn on market open. We then used our VIP intra-level cross and lock above 1630 to take a buy with a TP to 1638 below 1639 Goldturn for a safe exit, which played out perfectly BOOOM!!! Although we saw price go above 1639 Goldturn, it failed to close above this...
Quick update on the 4H chart.
As you can see price challenged the Goldturn channel floor with a perfect challenge. We will need to see if this now respects this level for the push up or break out of the channel into the support structure. Price has been following the route map level to level respecting the Goldturn channel.
Fantastic start to the week with our first signal for the week TP hit!!!
As highlighted yesterday, our chart confirmed the open of the swing range. Therefore, we patiently waited for the movement into the swing range before taking our position.
We had a signal activate with a perfect exit at 1647, which was also highlighted as a resistance...
This is a basic yet a strong Goldturn Trading Setup in step-by-step stages. Our personal signals in VIP use an algo generated weighted Goldturn setup for more pinpoint accuracy, which is the more advanced version of this and for obvious reason we can't share this here.
1 - Draw a Goldturn on the previous days Highest point for Resistance
2 - Draw...
Please see updated weighted Goldturns and targets for the coming week.
Currently we can see 1647 broken opening the full swing range. Keeping this in mind to not prematurely enter any longs until we are in the low end of the range at support.
MAs are all sitting above so we expect price at some point to get magnetised above supported by...
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.
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...
Please see weekly chart update
As advised last week 1710 Goldturn was being challenged by weekly chart EMA5.
EMA5 cross and lock below 1710 would confirm movement to 1589. However, we identified a weighted Goldturn before that at 1622, which is now open and can act as support. This zone is a strong support structure for the weekly setup
Closing post for the week. Once again, we waited patiently for the move today and then just about missed our first exit on a buy TP but 1641 Goldturn gave us the bounce for an early exit at 1657 before the drop again. PERFECT EXIT!!!! This was also secured with an added layer from the bottom to finish up with profit.
We expected volatility today...
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...