Hey All, We will post our usual analysis for the week on our weekly GoldView report shortly before market opens. This is a quick post using historical ranges using range HIGH and range LOWs to create support and resistance trading zones and the range of the potential swing in the trading zone. Its really important, as a trader to identify the potential reversal...
This is our 4chart update. We can see price broke out of the Goldturn channel to the downside and now challenging the bottom of the range box 2. Price has crossed this level down but now we are waiting to see EMA5 cross this level with a candle body close. This will then open gaps to 1770 and 1766. We expect to see some support at 1766, 1770 levels and then...
We have updated all the strong Goldturn levels using historical turns. We will look to see how EMA5 breaks each level with candle body close to allow us to trade each level in stages and analyse its movement at the same time. We hope to see the price find support and retrace back to its Bullish structure. We can see from zooming out, each time an ascending...
Daily chart remains in a Bullish structure, although we saw a big rejection at 1852 target. We have a Goldturn trendline being supported in an upward trend, which is still in a Bullish setup. Until we see EMA5 on the daily chart crossing 1801 level the setup remains Bullish to pick buy entries once momentum settles. However we have eased up on buying dips, as the...
We posted this last week and this was a live example of back to Benchmark. We got our 1852 target although we were hoping to also see 1856, which is left open and then FOMC triggered the move down also inline with a strong resistance, we already identified for shorts last week. see below; This chart played out testing the 1850 zone and then dropping to the...
This is an update from our Hourly chart analysis. Price found support at 1832 and then 1838 like we projected alongside the Goldturn trendline and Goldturn level. Targets at 1844 and 1850 plus were hit perfectly with plenty of opportunities to buy dips. We will keep a close eye on the Goldturn trendline and will remain Bullish above the 1830 level, which is...
Hey everyone, A quick update for end of play today. As you can see the chart speaks for itself, we have hit our first target at 1852. Those of you, who have been following all our posts, would have seen how we have been calling each target step by step. Price has reached the Goldturn channel half line at 1852 and now we need to see EMA5 cross this level to...
Hey Everyone, A quick update following on from our post this morning. The targets we identified for our buys were hit perfectly and retraced from the Goldturn as identified. We maintained our plans to buy dips and taking positions from Goldturn supports identified. Here we have the 4h chart update, showing a Goldturn channel that we broke out of and now broken...
We posted this yesterday (see related post below) identifying the Bullish movement yesterday will look for support at 1828 Goldturn. This is once again playing out perfectly. If this holds at 1828 as support we should see another push to the upside. This is another example of strong resistance turning into support. A break or range between the two Goldturns...
Hey All, Just a quick update and illustration of what the price is trying to do. The Goldturn trendline is giving us a steady move up with enough time to assess any change in the structure. If EMA5 finds support close to 1838, then we will see the move up towards the upper targets. However, as you can see from the blue triangle sitting below the Goldturn...
Hey Everyone, Just a quick update from yesterdays analysis. Our setups for buying dips still in play and we have started to see this play out with price hitting two targets 1838 and 1844. We had a rejection at 1844 and saw price come down to 1838. If 1838 resistance now turns into support and holds this level we will see the continuation of the Bull run. If...
We had a perfect finish last week with our BUY's hitting target and buying dips according to our plans throughout the month. Price hit target at 1847 and followed with a retracement down to 1832 and found support. We have a Goldturn support level at 1832, which needs to hold to continue with the Bullish move to targets at 1850 and beyond. If price does not...
Hey All, We had some great feedback from our back to BENCHMARK strategy (see related post below) and wanted to share another simple strategy that I have been developing and using for many years that I call, Range Boxing. A term I thought was the perfect cliche of two words for this strategy. RANGE BOXING creates what we call a RANGE VIEW; A clear view for price...
We promised to share this with some of our newbies and thought it would be good to share it with you all. This is a prime example of how any Fundamental event related spikes up or down, come back to where the spike started; we refer to this, as Benchmark at GoldView. The framework resets when a strong Range breaker shifts two ranges and in that case it will...
We have been posting upon post about being in a Bullish structure for weeks with our ideas and needless to say all our ideas have played out and our plans on buying dips throughout the month has paid off. We have drawn a Goldturn channel, which has been respected well and price has been supported well, at the bottom of the channel. Its not had much play in the...
Our upper levels have opened up and we have drawn the Goldturns to cover this range by taking historical data in this same price range with targets up to 1847 and above. The upper part of the GOLDTURN channel drawn using Goldturns is sitting at 1862. We are expecting another push up, however we may get some retracement to 1830 level to find some support. We have...
All 3 ideas posted this week have hit target. Not much to explain on this post, as the charts speak for themselves. Daily chart looked like 1818 was going to hold with EMA5 taking a turn, however no lock, as the current days candle has pushed ema5 across. We had a target of 1836 on the daily chart, which was HIT. 1Hour chart All TARGET$$ HIT 3Hour...
This is an update from our previous Daily chart update. We were observing the challenge on the 1818 Goldturn Level last two days to see how EMA5 locks on this location. EMA5 has failed to cross above the 1818 Goldturn level. A rejection here, we can see from historical challenges can follow with movement down and open target to 1801. Although we remain buying...