We are taking profit here and closing out all positions. This is a nice position to be in pre FOMC news. We will post any pre or post FOMC ideas later on. Please like, comment and follow us to support what we do. GoldView
SELL target 1774 Our trade played out nicely for the buy and as discussed we took our sell from that buy target. Our target for this sell is 1774. We are taking our sells with small lots and tight stops, as our overall analysis still expects another Bull run. CHART OBSERVATIONS H1 Chart Ranging between Support 1789 and Resistance 1797 Price and Moving averages...
As promised alongside our analysis and reports we will also be posting basic educational posts to help newcomers. Today we show how to draw support and resistance lines the GoldView way. There are so many ways to draw and establish support and resistance lines. Typically this is an area where price stabilizes and fails tp break. Visually this can be represented...
PROJECTION - 1787 has now been broken with our EMA5 moving average. 1778 has been broken with price but still supported by EMA5, which opens a window for sideway movement. We may see our self in a short term range of 1787 to 1767. After this consolidation we are looking for a breakout. The two range open to us once we break out this range are on the downside...
This basic representation of a candle is useful to newbies starting of in technical analysis. For all the advanced followers we will post our Goldview report this weekend. Please note time to time we will be making posts like this to help newbies to start reading and understanding the charts and that has to start with a candle! Please like, comment and follow...
price sitting between 1806 and 1787. These levels have been drawn using EMA5 gold turn angles. We are then looking for the EMA5 line to break this level with a 1h CANDLE body close after. This confirmation gives us a target to the next EMA5 gold turn level. We can break down the range using these levels and the EMA5 to confirm which level to target and out of...
This is a very basic setup of our EMA5 4hour gold trading strategy. - We show how to draw strong S&R LEVELs using EMA5 ON H1 - We then show how to trade these levels using H4 chart - Money Management is not discussed and is critical in the risk management when we trade this strategy please like, comment and support our posts. This will allow us to allocate...
This is an overall view of our chart clearly marking strong support and resistance levels using the EMA5 gold turns. These levels are drawn using the EMA5 moving average and back testing shows how well this is respected on the gold chart. We have also drawn some overall channels using the EMA5 gold turn. We have found channels to be respected more accurately...
H1 CHART - Support and resistance range 1780 - 1810 - resistance held well at 1810 - Gold is retracing down targeting the open gaps left. Direction is still Bullish and yet to see stronger confirmations for a trend breakout. - MA200 is currently acting as support around 1785, if broken next level will be 1778 - MA63, 84 and 21 moving averages are all above price...
1787 is being challenged and we are looking for 1787 to be crossed with EMA5. This challenge will confirm a movement to 1767.
Hourly Chart: Support and Resistance range currently 1780 - 1810 - Current bounce off at 1810 resistance also held strong by previous EMA5 turn resistance. (Previous posts show how we draw this) - All our gold setup moving averages are below price movement and acting as support that is currently being challenged - price has been bullish yet giving ample...
1806 TARGET BANKED. em5 broke and opened a target for 1806 which was banked today. If the 1750 target was taken then this movement here and break above 1806 will be an area to stop out for the 1750 target. However if 1806 was targeted and not 1750 then if this fails to break and close above 1806 then a target to 1750 will be a great entry from here.
Price is ranging between 1787 and 1767. Both levels have been broken previously leaving a target open at 1806 long and 1750 short. Both targets left open and consolidated back into range. We are now waiting for a re challenge of these levels with EMA5 cross over with a 1H candle body close to confirm target or to increase positions. Having two open targets in...
We have 3 signals that have activated that we are targeting. we can see 1782, 1777, 1774.
This is a setup which we draw end of play every day. We draw a resistance and support line using the previous day high and low candle body price close. We then draw the line across into the current trading day and wait for price action. We then wait to see on the current trading day for price to challenge either the prev day high or low. We wait for EMA5 to break...
This is a simple setup that we use for ranging market. We look for EMA5 to crossover MA21. Once this is done we wait for a 30min candle body close confirming the EMA5 cross over. We then enter on the next candle and target 200pips.
We draw trendline using the ma5 moving average gold turn points. 1835 and 1726 are both longer term open targets. 1770 is a short term open gap. We have two signals open sell signal 1785 buy signal 1795
Earlier last week we posted some basic MA5 setup action and how effective it is in gold setups. Today we show you how a simple trading setup that you can use to draw strong levels and how to trade with them. Support and resistance can be drawn in many ways and often traders find what works for them and use that method. This is a method we use to create strong...