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GoldViewFX - Market UPDATEHey Everyone, Great start to the week with our updated 1H chart idea already playing out. Price went for the retracement zone we identified on our chart during Tokyo session, hitting 2 Bullish targets. Price then failed to break above 1883 and bounced off the retracement zone for a retest on yesterdays Goldturn low and now playing between both the identified strictures. We can see a potential gear up for another push up. However, we will require ema5 lock confirmation to trade it level to level. We will need to see EMA5 cross and lock above 1883 to confirm movement towards upper levels. We also expect some side by side ranging movement between structures, which we will track and trade level to level. BULLISH TARGETS 1871 - DONE 1877 - DONE 1883 BEARISH TARGETS 1864 - DONE 1853 1841 1833 1826 SWING RANGE 1792 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
20
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 1h chart Goldturn support and resistance levels and updated targets. We had a 1000 pip tank last last week from a nice bull run into the resistance structure. Price has now found some support at 1864 Goldturn support structure. 1853 is our weighted Goldturn so a break below this will open the lower levels. However failure to break this level and we should see price head up into the retracement range. When we see a tank in price like this, usually we expect some consolidation before shifting range again. We can expect some tight ranging movement, which we can trade between structures but will need to establish support and resistance with a few retests to confirm range. Its too early to make commitments now, as the price tank and momentum was off the back of NFP news and will need this to settle back into organic movement to resume normal action. We avoided getting stuck in the tank down and therefore we are in a lovely position again to buy dips, as we have had a nice drop and now even if price moves further down, it puts us in a comfortable situation to Catch retracements up from further dips. BULLISH TARGETS 1871 1877 1883 BEARISH TARGETS 1864 1853 1841 1833 1826 SWING RANGE 1792 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see our updated 4H chart weighted Goldturns and targets. Although we saw a well overdue retracement and tank in price on Gold last week, as you can see by zooming out, we are still in a strong uptrend long term. Price is now testing support structure with still room to move down to 1836. If we see a EMA5 break below 1836 we are likely to see the full swing range. We are likely to see some more swings and then establish a safe tested range to trade between. We will use our EMA5 cross and lock above and below our weighted Goldturn support and resistance levels to track and trade the movement up and down level to level. We will now wait patiently for price to settle and then continue with our long terms plans to buy dips. BULLISH TARGETS 1871 1894 1917 BEARISH TARGETS 1836 1802 SWING RANGE 1802 - 1772 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GoldViewFX - DAILY CHART UPDATED STRUCTUREHey Everyone, The daily chart saw a rejection from the resistance zone driven by news into just above 1857 Goldturn support. However 1857 is not a strong weighted Goldturn and therefore if momentum continues we may see further move down to 1817, which is a stronger support level for a reaction in price. 1817 area is also inline with MA63, which may also provide some dynamic support and we are also likely to see the remaining MAs magnetise up to form a consolidation area of support. Our plans to buy dips is still in play and now that we have seen a nice drop in price, we just need to be patient and let the momentum exhaust and then we can safely start taking positions from retests all over again. Banking in stages with our strategy to buy dips at 30 to 50 pips at a time, instead of chasing the bull by the horn, allowed us to take a perfect exit riding the entire bull run without getting stuck at the top. This is the GVFX style of trading!! This week is about being patient and waiting for establishing a fresh Blueprint and then we can start HUNTING again. PLEASE BE PATIENT!!!! As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - MONTHLY CHART UPDATEHey Everyone, This is the monthly chart we have been tracking for a few months now, which allowed us to predict and ride the entire Bull run close to its final target zone. Although there's room left above to test the ATH we were well overdue some correctional retracement. We also have a EMA5 detachment below at 1832. However, 1865 is also a Goldturn support level that may also provide some support. Historically we have seen the test zone above tested at least 3x before we see price fall below 1865. Therefore, there is a good probability potential for another run up to test the zone above going by historical price action. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
GoldViewFX - END OF WEEK UPDATE Hey Everyone, As you can see from the monthly chart we have been tracking for over 3 months, that we have comfortably rode the entire bull run into the test area we highlighted, followed with a rejection to the 1965 range we highlighted on the chart. A retracement was well overdue and now NFP gave the momentum needed to complete this. This was an amazing catch over the last 3 months and the test zone we identified allowed us to take our exits in time. We are now out of all positions waiting for the tank to land. For those who have been with us from the beginning, we have remained consistently bullish even during those times when sentiment for gold turned overwhelmingly bearish. This bull run has been aggressive in parts with a bit of choppiness thrown in here and there and that's not the best sign of a healthy trend but it still looks likely that gold will try and reach the $2000 level. At this point in the trend, we have a very complex situation and there will be many fake gurus and so-called analysts that will lead novice traders to blow their accounts trying to navigate this. As an example of how asymmetrical the news/data is, yesterday's rally was in part driven by the US hitting their Congress-set ceiling at over $31 trillion. The Secretary of the Treasury, Yellen then announced the need for emergency measures including not paying all of the nation's bills. As a result, investors flocked to safe-haven assets including gold. During the course of this week, FOMC members have been talking almost every day prior to the FOMC blackout ahead of the next FOMC meeting beginning on the 31st of January. St. Louis Fed President, James Bullard stated the need for raising rates quicker rather than reducing the pace of rate hikes saying, “why stall?” Yet, the market may still take gold into a new range higher after next week's Core PCE data release on Friday. The Core PCE is the Fed's preferred gauge of inflation and a cooler number will be a boost for gold. We are pretty high up already and gold needs a healthy correction and when it comes, it will be brutal. As we have mentioned in a previous post, gold can shift ranges 2 or 3 times a year by 500 plus pips to 1000 plus pips. Remember that a correction, no matter how deep, is not the same as a breakdown and that doesn't look likely at all. For the so-called gurus and analysts who have predicting gold will go back down to the $1400s for the last two years plus, they'll just have to wait a little longer. If we do not see a healthy pullback, gold may spend longer in consolidation before a turn much higher and this is where traders will look to go long on every dip no matter how shallow. Trading in these tight corners can be bloody. Stick with our plan to take 20 to 30 pips from every signal/manual trade and you'll avoid the swings and the inevitable crash down and ride it all the way to the moon. We will now come back on Sunday with our updated multi timeframe analysis and plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
26
GoldViewFX - Market UPDATEHey Everyone, As you all know, we completed all targets on our 1H chart setup yesterday. We waited patiently for a retracement today, which followed through allowing us to catch a buy signal for 50 pips from the bottom, clean in and out. We are now back in the range and price just below the retracement zone with EMA5 just crossing 1918. If EMA5 locks below 1918, we are likely to see the 1901 swing range challenge again. Its nearly the end of the week with only 1 day left and our chart idea is complete. Therefore, we will not commit to any trades until we see the swing range challenge and how price reacts to this level. We will also keep in mind the 1961 long range gap left open above, as EMA5 crossed and locked 1946. We have enjoyed riding the bull all the way to the top with our perfect exit. Now we wait patiently for the deep retracement to complete and find support before riding back up. BULLISH TARGETS 1931 - DONE 1937 - DONE 1946 - DONE EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN 1951, 1955 AND 1961 BEARISH TARGETS 1924 - DONE 1918 - DONE EMA5 CROSS AND LOCK BELOW 1918 WILL OPEN 1909 AND 1901 SWING RANGE 1901 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
20
GoldViewFX - FOMC MARKET UPDATEHey Everyone, AND........BOOOOOM!!!! FOMC plan executed and completing all targets on our 1H chart setup level to level. We will now track our 4H and Daily chart ideas for the remainder of the week (see related post below) BULLISH TARGETS 1931 - DONE 1937 - DONE 1946 - DONE EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN 1951, 1955 AND 1961 BEARISH TARGETS 1924 - DONE 1918 - DONE EMA5 CROSS AND LOCK BELOW 1918 WILL OPEN 1909 AND 1901 SWING RANGE 1901 - DONE LAST UPDATE Hey Everyone, As you can see our 1H chart is back in play as we find price playing between both structures with the retracement zone playing support again after riding back up from the swing range. We have FOMC today so extra caution in managing risk and range. FOMC PLAN Newbies should not trade FOMC, as too risky if you have not learnt how to manage swings. Overall we remain Bullish and therefore even if price drops due to news, it will find its way up again. Therefore, we need to keep this in mind and wait for better entries entry should the price drop. Our plan to buy dips remains in play. EMA5 is bouncing between 1924 and 1931 Goldturn levels. We would look to see which is broken with EMA5 first to track movement to the next Goldturn. As we stand all our bearish and 1 bull target has been HIT with only 1937 and 1946 left in the range. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
22
GoldViewFX - Market UPDATE - FOMC Hey Everyone, As you can see our 1H chart is back in play as we find price playing between both structures with the retracement zone playing support again after riding back up from the swing range. We have FOMC today so extra caution in managing risk and range. FOMC PLAN Newbies should not trade FOMC, as too risky if you have not learnt how to manage swings. Overall we remain Bullish and therefore even if price drops due to news, it will find its way up again. Therefore, we need to keep this in mind and wait for better entries entry should the price drop. Our plan to buy dips remains in play. EMA5 is bouncing between 1924 and 1931 Goldturn levels. We would look to see which is broken with EMA5 first to track movement to the next Goldturn. As we stand all our bearish and 1 bull target has been HIT with only 1937 and 1946 left in the range. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12