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Goldanalhysis

GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2506 Goldturn resistance and 2495, as Goldturn support. We currently have a gap above on market open at 2506 and below at 2495 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2506 EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET 2523 EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET 2535 POTENTIALLY 2547 BEARISH TARGETS 2495 EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2482 EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
20
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea. Last week we 2434 was hit perfectly completing this range target and channel top. Although we have the final Axis target at 2505, we are expecting resistance and reaction here at the channel top and will probably need a few attempts before cracking open the range above. We would need to see a candle body close above 2434 this coming week to confirm this gap or an ema5 cross and lock for a double confirmation. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GoldViewFX - WEEKLY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our weekly chart long term projection that we have been tracking for a while now. LAST UPDATE As stated last week our ascending Goldturn channel (Our unique way of drawing channels) has been respected well with EMA5 failing to break the channel bottom, which followed with two bullish candles from the channel bottom for a nice bounce. - this played out with another test last week with a bearish candle test on the channel bottom. we will now need to wait paternity to assess this week for either a ema5 break of the channel bottom for a breakout below or a new Goldturn formation above the channel floor for a nice bounce up. This was a strong support that we expected a reaction from. This played out perfectly with lots of opportunities to buy dip throughout the week using our smaller timeframe setups. . Long term we are looking for the axis test at 1954, which was nearly hit and missed by a few pips. However, if we see another challenge to the channel bottom and a break below with ema5 cross and lock, then we are likely to see the range below open up. Failure to lock below the channel bottom and we are likely to see a 1954 axis retest at some point and beyond!!!! We will continue to track this using our smaller timeframes. Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD
OANDA:XAUUSD
by Goldviewfx
2