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...
We have had a nice Bull run to hit pretty much all our targets above. We expected a drop from the 1830 resistance area, which played out nicely. We capitalised on a few sell signals during this movement down. We are still in a market structure that supports buying dips and therefore we will continue to pick up entries. However the framework for buying dips had...
Another awesome day to see our analysis play out. We hit 1822 level and 1828 target. So far 6 targets out of 7 already done !! The last target is not one we will target from here unless we get confirmation with our signals. However as the market structure remains same we will continue to pick up buys from dips. HOURLY CHART We hit the 1828 target inline with...
This is an update from yesterdays post. Al targets being HIT, as mapped out by us. Price is currently challenging 1813 Goldturn resistance. If this holds we will see another drop towards 1800 - 1795. However if we get EMA5 to cross this level with a Goldlturn, then we will safely resume to next target 1822 and 1828. We are getting signals both ways between...
3 HOUR CHART VIEW We posted our Goldturn broadening wedge yesterday, which has been respected well alongside our Goldturn support and resistance levels. Price was rejected at the top of the channel resisting at the strong 1830 level, price retraced down to the level identified. We may have some sideway movement here and then we anticipate some movement up to...
We had a strong Bullish close on the top end of our 3HOUR chart Goldturn broadening wedge. This can break out of this wedge and start another bull run towards the upper targets on the chart. We may get a pump to the next level at 1837 and then retrace down to find support. Fib retracement of 50% level from this impulse is at 1805. We will look to see if we get a...
This plan was posted earlier this month. We marked all entry points and exits. We predicted the drop first and then the movement up to each level. Our analysis played out perfectly once again. Not only did we identify the levels but we also predicted the order of sequence. This gives us the edge in analysing the gold market!! Only 20pip short of 1830, which we...
We have updated our goldurn support and resistance levels and drawn a Goldturn wedge. We are still confidently buying dips and this is working out perfectly. We banked at 1820 and anticipated the drop, as you can see from the links to related posts below. We have a broken Goldturn at 1796 opening a gap to 1787, however our Goldturn wedge is acting as support on...
We posted this chart yesterday with updated Goldturn levels. We clearly marked the 1802 level that EMA5 needed to cross with candle body close confirmation to confirm 1808. This crossed and confirmed the target which was eventually hit today. Just like we predicted. We don't like to blow our own trumpet too much but we do draw some of the best support and...
We posted this over a week ago with a route map with not only direction but a potential sequence. We mapped out the overall direction showing a clear movement to the upside with all the potential dips to pickup good entries for the longs. This played out perfectly! 1797, 1808, 1819 all hit in order. Our trade target of 1819 was hit and 1808 retracement target...
We have updated the 3 hour chart with Goldturn levels and a route map to our targets. We have also drawn a Goldturn wedge channel using our Goldturns and a central axis line, which also falls inline with our targets and levels. The axis level on the wedge channel was supported confirming further move to the upside. Goldturn resistance...
As the year end draws close, we thought we would post an overall long term outlook for gold and some long term levels on the monthly chart. 1777 has held well as support on the monthly chart with two Goldturns created on this level. We are expecting gold to move towards 1868 Goldturn and then towards 1976. Once this level or range is tested we are expecting some...
We posted this Bull flag formation earlier this week with targets and resistance levels. We do not trade chart patterns alone; we use it in combination with our analysis and setups. 1822 seems like the perfect target, which falls in line with FIB ext at 50% and also within the size of the pole. We have taken profits here at 1809 in line with the Goldturn...