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...
Another awesome day of trading for TEAM GOLDVIEW!! 1806 Goldturn axis was hit, as per our post on the 16th December (see related post below). We identified this as a target and a strong level of support. Price was rejected at 1806 and failed to break down so we saw a retest back to 1820 level. Our buy entries from 1806 were all banked at 1819 and now we see price...
This was posted yesterday and the levels are playing out. Price moved up during Tokyo market open and found resistance again at 1823 Goldturn, followed with movement down. EMA5 has now crossed below 1817 with a candle body close, confirming further movement down and a gap to 1806, however price found support at 1810, which is a historical Goldurn from December,...
Quick update on yesterdays post on the HOURLY CHART (see link to related post below). We identified a range of 1817.42 - 1828.99 and expecting price to play in this range. EMA5 broke 1817.42 down with a candle body close, which opened up the lower levels. 1806 being the strong Goldturn level, however price went and HIT the recent 1814 Goldturn and found...
1818 is a strong Goldturn resistance level on the Daily chart. Historically this level has held well and each time it failed to cross, we saw price come down to find support. We can now see EMA5 sitting on 1818 ready for another challenge and this challenge is significant for us to see if EMA5 is able to cross this level. I have drawn a Goldturn trendline...
We have drawn a channel on the 3H chart that is being respected well, with strong significant levels identified. We have 1825, as a strong Goldturn resistance level. We will be watching EMA5 closely for a cross on this level with a candle body close to confirm a breakout to the upper levels of the channel. 1817 is currently being challenged. Although we have...
The market closed last week with a rejection at 1828 and price finding support at 1818 (Which is now also a recent GOLDTURN SUPPORT). This may find support here being a recent Goldturn and a very significant challenge, as price finding support here will open up a trading range above this zone. We are currently in a tight range between 1818 SUPPORT and 1828...
This was posted on the 12th of JAN. We called both targets top and bottom. We identified a broken Goldturn 1823 with EMA5 crossing with candle body close and leaving a gap confirming a move to 1828. This played out perfectly!! 1828 was an area that has been rejected before more than once therefore the level has strengthened as resistance. We highlighted that...
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...