The gold market is open 23 hours a day for trading and this gives traders across the globe flexibility to trade at anytime they want. The significant 3 sessions are TOKYO , LONDON and NEW YORK Its important to understand when these cities operate for business, as they are the big movers for the market. Naturally the action will take place when these...
So far we have had an awesome week and our setups for the current market are performing perfectly. Our plans to buy dips still remain and we are looking for price to target 1834. We are trading each level on the shorter time frames in stages but wanted to share the Daily chart view for an overall plan. Should the price get rejected here, we will still remain...
Quick update on the 1H chart setup. We have 1823 Goldturn broken with EMA5 and candle body close confirming next stop to 1828. 1828 is a strong Goldturn level - if this fails to break with EMA5 then we expect retracement down to 1817 Goldturn. If 1828 breaks open with EMA5 and candle body close then al the upper levels open up. We are still very much buying...
Our target and projection from the bottom played out perfectly!! We have hit 1826 target just like we said. Next target is 1833. This level is strong and we will watch this challenge closely alongside all our parameters. Should price get rejected here, we will see price retrace back to challenge the lower targets. If we see this level break with EMA5 and tested,...
We had a great start to the week and our analysis played out perfectly!! Price supported well at the bottom of this Goldturn channel and now heading towards the top end of the channel 1826 and above. There are some strong Goldturn resistance levels on the way up, however we will be observing how EMA5 crosses these levels to secure the next level. GOLDTURN...
Quick update on our 4H chart setup. Its pretty self explanatory with strong resistance and support Goldturns updated. We expected some push up to challenge 1802, which got done. We are now expecting price to challenge the outside of the channel in line with 1815 axis point. We are expecting a retracement from this level, However news events or bullish momentum...
This is an update from the weekly report. Our analysis is once again plating our perfectly. We showed yesterday how EMA5 break at 1795 level together with a candle body close confirmed 1802. Since then we have now had EMA5 break above 1802 with a candle body close, which confirmed 1808 and again this was done perfectly. We are now waiting for EMA5 to cross 1808...
HOURLY CHART We have updated current support and resistance levels using our Goldturns. At first glance we are looking for EMA5 to cross any of these Goldturn levels with a candle body close leaving a clear gap to the next level. We can see EMA5 has crossed above 1795 on market close with a candle body close leaving a gap to 1802. We expect this to get HIT. If...
We posted this chart yesterday, as part of our weekly report and we highlighted a EMA5 break at 1795 Goldturn level with a candle body close above, leaving a gap to 1802 as a TARGET. 1802 target was HIT perfectly and then followed with a retracement, which we also predicted on this level. This is a great example of how our Goldturn strategy works! Please do...
This is a follow up post from the previous post (SEE RELATED IDEAS POST BELOW) on zooming out to identify historical ranges and moving across the levels to the current range. This post now zooms into the current range, with the historical range highlighted. We then draw our Goldturn support and resistance levels and are now able to use EMA5 indicator to trade...
We always advise, as the basis of all technical analysis, is to zoom out and view the overall range and find price ranges similar to the current price range. This allows us with a greater chance to map out a potential blue print for the current range by following how price reacted historically in the same range. This allows you to see how the historical range is...
We have two targets that have activated 1786 and 1796. A challenge is also due at 1774 and for now we are expecting this level to hold due to Goldturn support on this level. Please review our weekly report on related ideas below for our overall view and analysis. Please do give us a like, comment and follow to support us, we appreciate it! GoldViewFX XAUUSD...
We have identified Goldturn Axis Levels (Using a formula derived from Goldturns) 1799 Axis done on previous range. 1770 axis level was challenged and supported. This level is also our range breaker level so unless this level is taken out we are still in line to target 1784 and 1796 Axis level targets. If 1770 level is broken with EMA5 close awe will re-evaluate...
Our analysis for the week still stands and no changes to plans. Market volume low and not much movement. We will update any changes to our plans, as the week unfolds. This is quick post of a bull flag formation identified and a fib extension at 50% inline with 1822. We don't rely on chart patterns alone, as they can be inaccurate but they work well alongside...
We have drawn our Goldturn channel on the weekly chart and identified an AXIS TARGET of 1826. We have also identified our Goldturn median support, which we draw using the central point of our converging Goldturn channel. Our back testing shows its always important to identify this median support alongside our axis target as part of one of our Goldview trading...
We posted this on the 29th of December. The levels were drawn using Goldturns and then we also identified the gaps left open after broken with our Goldturn EMA indicator. Both targets were HIT. The levels identified are still very much in play, as the price action is back in the range. We will review new gaps and targets on these levels over the course of...
Fantastic week for us and our followers. 1787 held for now like we anticipated and created a Goldturn just above it, which was the first sign that the support was going to hold. We had price wick out at 1782 but no candle body close below 1787 level. 1795 Goldturn was the next level - Again this was HIT just like we analysed!! We are now looking for EMA5 to...
We expected a drop in price due to the Goldturn created below the 1818 Goldturn resistance level, further strengthening this level. We also identified a Goldturn support area of 1789, which also fell in line with the ascending trendline support we drew forming an axis level of 1787 for support. This was respected beautifully!! This is a crucial challenge. We...