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Tradinggold

WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Another update on the weekly chart idea we have been tracking for over a month now and still playing out as analysed. As stated already this chart allowed us to project the long term corrections and direction. We are using this chart to track our bullish targets until no ema5 lock to confirm rejections on the levels. The channel top is continuing to provide support like we stated last week, although we saw candle body close below the channel 2 weeks ago, there was no ema5 break into the channel confirming the support and rejection, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. As long as we see no lock below into the channel, we cane safely continue with our plans to buy dips in this range. We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price lay between two weighted levels with a gap above at 2736 and a gap below at 2694, as weighted Goldturns 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 2736 EMA5 CROSS AND LOCK ABOVE 2736 WILL OPEN THE FOLLOWING BULLISH TARGET 2785 EMA5 CROSS AND LOCK ABOVE 2785 WILL OPEN THE FOLLOWING BULLISH TARGET 2821 EMA5 CROSS AND LOCK ABOVE 2821 WILL OPEN THE FOLLOWING BULLISH TARGET 2858 BEARISH TARGETS 2694 EMA5 CROSS AND LOCK BELOW 2694 WILL OPEN THE FOLLOWING BEARISH TARGET 2654 EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET 2611 EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE SWING RANGE 2565 - 2519 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
12
The US economy is still growing steadily , how about Gold ? Gold prices fell nearly 5% last week, marking the biggest drop in nearly three years. Since its highest peak, gold prices have lost more than 250 USD (about 9%), a notable decrease since the beginning of the month. The main reason for this price drop is the strengthening USD, making gold - which is traded in USD - more expensive for international investors, leading to reduced demand. In addition, expectations about the US Federal Reserve's (Fed) monetary policy also put great pressure on gold prices. Technical signals also contributed to this adjustment. The RSI (relative strength index) has dropped sharply from levels above 80, signaling a possible reversal from the previous uptrend. US economic data shows that the economy is still growing steadily, while inflation appears to be leveling off. This, along with President-elect Donald Trump's upcoming policies, could cause inflation to rise in the coming years. Investors are concerned that the US Federal Reserve (Fed) may have to adjust its plan to reduce interest rates, affecting financial markets. Fed Chairman Jerome Powell in a recent speech emphasized that the Fed is "in no hurry to lower interest rates". He said the economy is growing strongly, allowing the Fed more time to decide on the appropriate level and speed of interest rate reduction.
TVC:GOLDShort
by FalCol_TradingMaster
GOLD DAILY CHART UPDATEHey Everyone, Please see our updated daily chart idea with updated weighted levels. We are seeing price test a strong level of support at 2560 and ema5 cross and lock below this level will open the swing rage for a reaction below. We also have a longer range weighted level resistance level above at 2629. A cross and lock above this level will confirm the range above. 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 using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then 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
3
GOLD MARKET UPDATEHey Everyone, This is the weekly chart we have been tracking for over 1 month now and also shared on Sunday. Last update we stated that EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. We also stated that we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before. - This played out perfectly with the correction that we are seeing now testing the channel top inline with the weekly chart retracement range. We are now expecting a reaction here . If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. OUR 1H AND 4 CHART UPDATE Bothe of these charts have tested the swing range, which gave the 40 pip bounces, just like we always state but didn't get the full swing yet. (This is the reason why we always state 40 pip bounces on our weighted levels, as it always delivers, even when it breaks through.) We are now tracking the 4H chart, where price is playing above the support structure. As long as price maintains above the 4h chart support structure, we should see a correction back up to test the upper Goldturns. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
GOLD ROUTE MAP UPDATEHey Everyone, What a day in the markets today with another big drop following on from last weeks election move. We observed today and watched our bearish side of the setups play out with 2682 being hit on market open followed with ema5 cross and lock opening 2657,which was also hit and then continued into 2638 and now the swing range. Both of these two levels were confirmed with candle body close confirmation, as ema5 was lagging due to momentum. We are now seeing price in the swing range and looking for a reaction here. Failure to hold support here and we will switch to our 4h chart to track the extended range. We will now patiently wait for the momentum to exhaust, so we can continue to stick with our long term trend and buy dips. We were looking forward to this correction for a while now, to enable us to get back in the wave. 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 2704 EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET 2725 EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 BEARISH TARGETS 2682 - DONE EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 - DONE EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET 2638 - DONE EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2621 (DONE) - 2608 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
8
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 play between two weighted levels with a gap above at 2704 and a gap below at 2682. We will need to see 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 2704 EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET 2725 EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 BEARISH TARGETS 2682 EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET 2638 EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2621 - 2608 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 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing a gap above at 2754 and a gap below at 2724, as weighted Goldturns 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 2754 EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET 2784 BEARISH TARGETS 2724 EMA5 CROSS AND LOCK BELOW 2724 WILL OPEN THE FOLLOWING BEARISH TARGET 2696 EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE RETRACEMENT RANGE 2672 EMA5 CROSS AND LOCK BELOW 2672 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2640 - 2611 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
6
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone, Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range. Previously after completing 2725 target, we stated that we had a candle body close above 2725, opening 2760. Although ema5 is lagging on this chart but we still also got the ema5 cross and lock to further confirm this target. - This was hit last week completing this target!!! We now have a candle body close above 2760 for a continuation above with a gap open to 2797, but no ema5 lock, which would further confirm this. Failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing 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. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then 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
5
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the chart today, buying dips inline with our plans from yesterday and our updates on this chart throughout the week. Yesterday we stated after completing all our targets that we were seeing price back in the range on both 1H and 4H chart and therefore the levels and our cross and lock weighted levels are active once again. We also stated that price was testing the retracement range Goldturn 2737 and we will likely see a reaction here. This played out perfectly with the retracement range providing the support for the bounce into 2760 inline with our plans to buy dips We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD 1H AND 4H CHART ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts today with our 1H chart complete and 4h chart targets also smashed. We got the EMA5 cross and lock above 2762 opening 2772 and 2781, which were hit today completing this 1h chart idea (please see below) Our 4h chart also had ema5 cross and lock above 2737, opening 2760 and 2779, which were both hit completing this range. We now have ema5 lock above 2779 opening the range above. We always take caution chasing targets all the way to the top and that why using our Goldlturns to buy dips is the safest way to chase targets in a new 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 2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS) - DONE POTENTIALLY 2779 - DONE EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 POTENTIALLY 2814 BEARISH TARGETS 2737 - DONE 2715 EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE SWING RANGE 2693 - 2669 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
19
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on our weekly chart idea that we have been tracking and trading over the last 4 weeks. Last week we stated that we had a candle body close gap open to 2729 for our long range AXIS TARGET. - This was hit this week completing the target perfectly!! We are now seeing a body close above 2729 leaving long range gap open to 2856. Ema5 lock will further confirm this long range target. We will also be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated if tested at all. As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.. 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
4
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two levels. We have 2737 Goldturn resistance and 2715, as Goldturn support. We currently have a candle body close above 2715 opening 2737 on market open but ema5 cross and lock will further confirm this and below at 2715, non weighted support and 2693, as weighted support level. We 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 2737 (EMA5 LOCK ABOVE 2715 WILL FURTHER CONFIRM THIS) EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET 2760 POTENTIALLY 2779 EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 POTENTIALLY 2814 BEARISH TARGETS 2715 2693 EMA5 CROSS AND LOCK BELOW 2693 WILL OPEN THE FOLLOWING BEARISH TARGET 2669 EMA5 CROSS AND LOCK BELOW 2669 WILL OPEN THE SWING RANGE SWING RANGE 2640 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
4
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Once again we delivered the GOLD!!!! Yesterday we waited for ema5 cross and lock above 2672 to open 2682, as the final target and 2690, as a potential should momentum allow. We got the cross and lock above 2672 followed with 2682 target hit. We then advised that we are now looking for support above 2663 and 2672 for another retest on the Goldturn levels above. We got the support wick rejection above 2672 and then followed with the re-test above like we suggested, also finishing off with the last target of this chart idea at 2690 - BOOOOOM!!!! We will now move onto our 4H chart idea for the remainder of the week or if price comes back into the 1h chart range, then we can continue to use the levels to track and trade the movement again. 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 2663 - DONE EMA5 CROSS AND LOCK ABOVE 2663 WILL OPEN THE FOLLOWING BULLISH TARGET 2672 - DONE EMA5 CROSS AND LOCK ABOVE 2672 WILL OPEN THE FOLLOWING BULLISH TARGET 2682- DONE POTENTIALLY 2690 - DONE BEARISH TARGETS 2654 - DONE EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET BEARISH TARGET 2646 - DONE EMA5 CROSS AND LOCK BELOW 2646 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2638 (DONE) - 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2618 - 2608 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
23
GOLD ROUTE MAP UPDATEHey Everyone, A PIIPTASTIC day on the charts for us today, once again playing out perfectly!!! Yesterday after hitting our bullish target at 2663, we stated that we will now look for a cross and lock above 2663 to open 2672. We got the cross and lock followed with the perfect hit at 2672 completing this target. We then waited for ema5 cross and lock above 2672 to open 2682, as the final target and 2682 only as a potential should momentum allow. We got the cross and lock above 2672 followed with 2682 for a perfect finish to the day!!! We used the dips to catch the bounces up safely, instead of chasing the bull from the top. We are now looking for support above 2663 and 2672 for another retest on the Goldturn levels above or failure to hold support above these levels will see prices retest the lower Goldturns once again. 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 2663 - DONE EMA5 CROSS AND LOCK ABOVE 2663 WILL OPEN THE FOLLOWING BULLISH TARGET 2672 - DONE EMA5 CROSS AND LOCK ABOVE 2672 WILL OPEN THE FOLLOWING BULLISH TARGET 2682- DONE POTENTIALLY 2690 BEARISH TARGETS 2654 - DONE EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET BEARISH TARGET 2646 - DONE EMA5 CROSS AND LOCK BELOW 2646 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2638 (DONE) - 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2618 - 2608 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
12
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2669 Goldturn resistance and 2640, as Goldturn support. We currently have a gap above on market open at 2669 and below at 2640 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 2669 EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET 2693 EMA5 CROSS AND LOCK ABOVE 2693 WILL OPEN THE FOLLOWING BULLISH TARGET 2715 POTENTIALLY 2737 BEARISH TARGETS 2640 EMA5 CROSS AND LOCK BELOW 2640 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2611 EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE SWING RANGE 2584 - 2564 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
7
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the chart today allowing us to buy dips inline with our plans. We are seeing a repeat of yesterday with price finding support at the retracement range and giving multiple bounces on this weighted level allowing us to buy dips. As stated yesterday; we will now look for support above here for e re-test at 2633 or a cross and lock below 2611 retracement range will open the swing 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 2655 - DONE EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET 2674 BEARISH TARGETS 2633 - DONE EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2611 - DONE EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE SWING RANGE 2586 - 2558 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
7
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the chart today with our analysis playing out once again. We got the Bullish target hit yesterday at 2655 and then no ema5 cross and lock above the level confirmed the rejection. Today we got our Bearish target at 2633 hit, which also gave us the weighted level bounce inline with our plans to buy dips safely for 30 to 40 pips. Followed with a break below 2633 completing the retracement range at 2611 in true level to level fashion. We will now look for support above here for e re-test at 2633 or a cross and lock below 2611 will open the swing 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 2655 - DONE EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET 2674 BEARISH TARGETS 2633 - DONE EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2611 - DONE EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE SWING RANGE 2586 - 2558 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
6
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are in a new rage but just like last time we were able to generate accurate levels to use for the coming week. We are seeing price between two weighted levels. We have 2669 Goldturn resistance and 2640, as Goldturn support. We currently have a gap above on market open at 2669 and below at 2640 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 2669 EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET 2693 EMA5 CROSS AND LOCK ABOVE 2693 WILL OPEN THE FOLLOWING BULLISH TARGET 2715 POTENTIALLY 2737 BEARISH TARGETS 2640 EMA5 CROSS AND LOCK BELOW 2640 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2610 EMA5 CROSS AND LOCK BELOW 2610 WILL OPEN THE SWING RANGE SWING RANGE 2584 - 2564 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
2
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone, Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range. Same as last week we are still seeing price play between two weighted levels. We have 2690 Goldturn resistance and 2645, as Goldturn support. We currently have a gap above at 2690, as we had ema5 cross and lock above 2645 opening 2690. The daily chart averages are lagging so sometimes gaps get filled before ema5 confirmation, in which case candle body close gaps are suffice. Currently we have ema5 cross and lock leaving 2690 gap open and support at 2645 Goldturn for the bounces we are seeing. 2645 is currently providing support and bounces inline with our plans to buy dips and no cross and lock below 2645, therefore confirming support. Please note a break below 2645 will also open the lower range, which we can use to track the movement down and catch the bounces up. 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. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then 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
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on our weekly chart idea that we have been tracking and trading over the last two weeks. Last week we stated that we were seeing a breakout outside the new Goldturn channel (our unique way of drawing channels) and that we have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. - We got the correction but not the full attachment to ema5, but as you can see the channel top is providing the support we mentioned. As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET. However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.. 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
3
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the chart today with price finding support just above the retracement level and then hitting 2650, as highlighted on the chart and now heading towards the 2674 Bullish target. We will need to wait for ema5 cross and lock above 2674 to confirm the range above or failure to lock above will see price test the lower Goldturns again and the weighted Goldturns for the bounces. 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 2674 EMA5 CROSS AND LOCK ABOVE 2674 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 POTENTIALLY 2716 BEARISH TARGETS 2650 - DONE EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2620 EMA5 CROSS AND LOCK BELOW 2620 WILL OPEN THE SWING RANGE SWING RANGE 2588 - 2558 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
4
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, After tracking and trading our last long term weekly chart idea, we finally completed it and promised you all a new weekly chart long term chart idea. Please see our new week chart idea that we will be tracking and trading over the coming weeks and months if needed. We are currently seeing a breakout outside the new Goldturn channel (our unique way of drawing channels). We also have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. If we get a break inside the channel then we will track the movement with the levels highlighted for the bounces and ema5 cross and lock to track the movement level to level. If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET. Just to confirm if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future.. 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
4