Hey everyone,
Please see our UPDATED Daily chart route map and trading idea with the extended channel to cover the Goldturn range.
Price has dropped back into the channel and tested the midline following the strong corrective sell-off last Friday. As anticipated, the channel midline acted as key support and produced a bounce, despite the elevated volatility.
We are now trading back within the broader daily range, defined by resistance near 5030 and support around 4794. Price action is expected to remain range-bound between these levels.
A confirmed break and activation of new ranges will require either a decisive candle body close beyond or above the levels or confirmation via the EMA-5 lock. Further directional bias will depend on how price reacts upon retesting either boundary.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops from rejections, 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
Please see our UPDATED Daily chart route map and trading idea with the extended channel to cover the Goldturn range.
Price has dropped back into the channel and tested the midline following the strong corrective sell-off last Friday. As anticipated, the channel midline acted as key support and produced a bounce, despite the elevated volatility.
We are now trading back within the broader daily range, defined by resistance near 5030 and support around 4794. Price action is expected to remain range-bound between these levels.
A confirmed break and activation of new ranges will require either a decisive candle body close beyond or above the levels or confirmation via the EMA-5 lock. Further directional bias will depend on how price reacts upon retesting either boundary.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops from rejections, 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
Trade aktif
Hey everyone,
Please see the update on our daily chart idea.
Our bearish target at 4694 was hit, followed by continuation down to 4586, just shy of the channel floor, which remains the main structural support on this timeframe. From there, price bounced as expected and rallied into our bullish target at the 5030 axis, aligning perfectly with our plans to buy dips.
We are now seeing range-bound movement between 4794 Goldturn support and the 5030 Goldturn axis. We will be watching closely for a break on either side to determine the next directional move.
Mr Gold
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Pernyataan Penyangkalan
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 t.me/GoldView_FX
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
We never DM first
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
We never DM first
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.