GoldViewFX - DAILY CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have been following this daily chart for a while now to give an overall picture of the direction. Price found support at the 1804 zone, as identified and then went onto HITTING 1858 target.
We are now looking for a cross and lock above 1858 to confirm further push up to the next Goldturns.
We can also see EMA5 is on the verge of crossing MA21 hopefully with another daily candle, which will confirm the lock. This will provide the momentum needed for another push up. Failure to cross and lock will see price rejected back to low 1800's.
As always we will keep this chart updated to keep in mind the overall picture and structure. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Buysetup
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS$Hey Everyone,
We have been following this chart from last week, which has been playing out perfectly! Hitting level to level in sequence, finishing off Friday with our final TARGET hit.
We had the 1862 target HIT and now rejected here and potentially opening retracement to 1842 zone. However we are expecting 1862 to be hit again, as our next TARGET and we also have a gap open to 1879. 1879 is still quite far off and therefore targeting buys from dips and banking 30 to 40 pips at a time is the safer strategy for this market, when chasing a trend in volatile conditions.
BULLISH TARGETS
1862, 1879
RETRACEMENT TARGET
1842
SWING RANGE TO MANAGE RISK
1835
As always we will keep you all updated with any changes to our setups, please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHO
All 12 Tickers Continued BullishI mentioned in my "Silent Walkthrough" Video(May 26th) that I had 25 tickers that I saw had potential upside strength.
I shared 12 of those tickers, but all 25 tickers continued bullish today.
Some of the tickers continued bullish while others already hit their 1st targets.
NIO: Continued Bullish
AXP: Continued Breakout
BR: Hit top of bear channel
PNC: Hit top of bear channel
V: Symmetrical Triangle Breakout
UNH: Reversed & continued bullish
COST: Opened lower but closed higher
KR: Hit 1st target
LOW: At Breakout point
NKE: Continued bullish
TGT: Continued bullish
AAPL: Hit 1st target
$MUSA breaking a ~5week base. Can it move higher?* Very strong up trend since inception
* Great earnings in the recent quarters
* Breaking out of a ~5week base
* Pays out increasing dividends
* Has lots of accumulation indicated by the U/D Ratio
Technicals:
Sector: Consumer Cyclical - Specialty Retail
RS vs. Sector: 2.7
RS vs. SP500: 6.71
U/D Ratio: 1.66
Distance from breakout buy point: 0.17%
Volume 9.58% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above the broken resistance
* If you're looking for a better entry you can look to buy around the $245.9 area as that should serve as a short term support
$AVD breaking out of its ~14 month base * Broke its historical resistance of $23.55 which dates back to 2006 with tonnes of volume behind the move
Technicals:
* Sector: Basic Materials - Agricultural Inputs
* Relative Strength vs. Sector: 52.33
* Relative Strength vs. SP500: 8.92
* U/D Ratio: 1.61
* Base Depth: 71.26%
* Distance from breakout buy point: 2.35%
* Volume 196.27% above its 15 day avg.
Trade Idea:
* You can enter now as the price is really close to the broken resistance of $24.25
* If you're looking for a better entry you can look to enter around the $23.85 area or even a retest of $23.55 seems likely.
* A retest of this area ($23.55 to $23.85) would indicate that buyers are willing to push the price higher.
* Next historical resistance comes in around $27.9
$FLMN: Making a bullish pennant!* This pattern has until June 13th to break out to either side.
* Looks good on all time frames
* The measured objective of this pattern would be around the $10.19 area. There will be some historical resistance around the 8.16/27 area which may see some selling pressure.
Technicals:
Sector: Energy - Oil & Gas E&P
Relative Strength vs. Sector: 1.17
Relative Strength vs. SP500: 4.09
U/D Ratio: 1.14
Base Depth: 15.91%
Distance from breakout buy point: -5.88%
Volume -32.44% below its 15 day avg.
Trade Idea:
* Wait for a break above the pennant resistance before entering.
* You can also look to enter around the 6.69 area if the price comes back to test support
* I think there may be higher chances of it coming back to 6.95 before moving higher.
* Manage risk under 6.69
$BPT breaking out of a one month base!* Strong recent up trend
* Breaking out of a one month base
* Pays dividends
* Price looks good on all time frames.
Technicals:
* Sector: Energy - Oil & Gas Refining & Marketing
* Relative Strength vs. Sector: 2.07
* Relative Strength vs. SP500: 6.83
* U/D Ratio: 1.25
* Base Depth: 32.41%
* Distance from breakout buy point: 1.92%
* Volume 14.33% above its 15 day avg.
Trade Idea:
* You can enter at yesterdays closing price as it's close to the broken resistance.
* If you're looking for a better entry you might be able to catch a bid around the $17 area
* Target for the trade is a historical level of resistance around the $19.2 area
$DSX breaking out of a ~8 month base! Can it go higher?* Steady up trend over the past two years
* Consolidated for about 8 months
* Formed a cup and handle pattern
* Now breaking out of the cup base
Technicals:
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 20.4
* Relative Strength vs. SP500: 18.49
* U/D Ratio: 1.38
* Base Depth: 82.07%
* Distance from breakout buy point: 0.33%
* Volume 73.26% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of its base
* If you're looking for a better entry you can look for one around the $5.77 area
* Given the macro situation of the world it does seem like shipping stocks will move higher in the near future
$ARIS ready to move higher?* Nice up trend
* Resisted the current bear market really well
* Looks good on all time frames
Technicals:
* Sector: Utilities - Utilities - Regulated Water
* Relative Strength vs. Sector: 3.09
* Relative Strength vs. SP500: 13.1
* U/D Ratio: 1.06
* Base Depth: 24.41%
* Distance from breakout buy point: 0.1%
* Volume 72.3% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of its base
* Or if you're looking for a better entry you can look for one around the $18.19 area as that should serve as a level of support.
* Looking at $XLU it does seem like Utilities are ready to move higher and ARIS seems to be a leader in this space.
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone,
The 1H chart we have been following last week has played out perfectly! Every level we identified got HIT in order of our analysis.
We have now updated the 1H chart for this week with fresh weighted Goldturns and targets. We will be looking for EMA5 cross and lock to trade targets to each level.
We have a candle body close above 1846, which opens a target for 1852, 1855. EMA5 lock will make this stronger and open 1861. Failure to break above this level will see price retrace back to test the swing range and inline with the Goldturn channel.
BULLISH TARGETS
1852, 1855, 1861
BEARISH TARGETS
1846, 1839
SWING RANGE
1830
As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
NZDCHF: Keep an eye on this up wave!Hey Traders, looks like NZDCHF will be pushing up soon, why are we expecting this up wave?
A complex corrective structure is completed and market is ready to push up.
So, should you jump in? No, wait for your buy setup and you go for the buy. What if market continue the fall? We will not enter before we get our buy setups.
What if you are already in the sell? You take all your profits and look for your buy setups.
For us, the structure needs an up move to target liquidity above previous highs, what after that? corrective structure and another push up but let's take it step by step.
Even if market wants to continue to the downside, a corrective structure upwards is needed so we will be looking for our buy setups for now anyway.
We hope all of you get in few of our previous charts/trades like USDCAD, USOIL, EURCAD, NZDUSD, GBPAUD and made money.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET OUR 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
Trade with care
We Trade Waves Team
GoldViewFX - Updated LEVELS & TARGET$$Hey Everyone,
As you can see our trading plan has played out perfectly!! We saw price test the support area 1811, as identified on the chart and then followed by the anticipated breakout to MA200, 1822, 1836 and 1847.
We are expecting another challenge to 1847. An EMA5 break and lock above 1847 will confirm further move up to 1855, 1861. 1861 is a gap that has also been left open from the previous run.
It will be nice to see a retracement challenge at 1836 and see this level turn into a support level to continue further movement up. Failure to hold this level as support will see price head back for 1822 and 1811 for support.
Please see the 1H chart below with the potential setup broken down using our ascending Goldturn channel, which price has just broken out of with ema5 lock. The maximum retracement we can see for now is 1830 should price break back into the channel otherwise a clean breakout is taking place.
As always we will keep you all posted with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
As you can see our roadmap has been playing out level to level with targets not only getting HIT but in order.
We were expecting movement down to support zone identified on the chart, which we took with a signal and then, as per our chart idea, we saw price bounce off to target 1822 Goldturn.
We have a candle body close above 1822 Goldturn, which opens 1836 again, however this is without EMA5 cross, so not as strong. However we have all MA's converging together, which usually happens before a breakout and we have ma200 sitting just above close to 1836 away from all the converging MA's, which may get magnetised for a HIT, strengthening the 1836 TARGET.
We also have a candle body close below 1811 opening 1804 for a lower target. As you can see the converging MA's are creating gaps in both directions, which happens when price ranges side by side in a tight range.
BULLISH TARGETS
1822, 1836, 1847, 1861
BEARISH TARGETS
1811, 1804, 1797, 1788
We will look for EMA5 cross and lock with candle body close to determine direction level to level and we will use our daily intraday levels that we share for exits and entries.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
$PPSIPioneer Power Solutions, Inc., together with its subsidiaries, designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions. The Transmission & Distribution Solutions segment provides electric power systems, including e-Bloc, and distributed energy resources that help customers effectively and efficiently protect, control, transfer, monitor, and manage their electric energy requirements. It also provides low voltage switchgears and transfer switches. The Critical Power Solutions segment provides new and used power generation equipment, and aftermarket field-services to ensure smooth and uninterrupted power to operations during times of emergency. The company serves utility, industrial, commercial, and backup power markets. The company was incorporated in 2008 and is headquartered in Fort Lee, New Jersey. Pioneer Power Solutions, Inc. is a subsidiary of Provident Pioneer Partners, L.P.
$CYNCyngn Inc., an autonomous vehicle (AV) technology company, develops autonomous driving software. The company is developing Enterprise Autonomy Suite, which consists of DriveMod, a modular industrial vehicle autonomous driving software; Cyngn Insight, a customer-facing tool suite for monitoring and managing AV fleets and aggregating/analyzing data; and Cyngn Evolve, an internal tool suite and infrastructure that facilitates artificial intelligence and machine learning training to enhance algorithms and models, and provides a simulation framework to ensure that data collected in the field can be applied to validating new releases. Cyngn Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.
$HCDIHarbor Custom Development, Inc. operates as a real estate development company in Washington, California, Texas, and Florida. The company is involved in land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, sales, and management of various residential projects. It undertakes projects, such as residential lots, home communities, townhomes, and multi-story condominium or apartment properties The company was formerly known as Harbor Custom Homes, Inc. and changed its name to Harbor Custom Development, Inc. in August 2019. Harbor Custom Development, Inc. was incorporated in 2014 and is based in Gig Harbor, Washington.
$SQZ SQZ Biotechnologies Company, a clinical-stage biotechnology company, develops cell therapies for patients with cancer, autoimmune, infectious diseases, and other serious conditions. Its lead product candidate is SQZ-PBMC-HPV, from its SQZ Antigen Presenting Cells platform, which is in a Phase I clinical trial as a monotherapy and in combination with other immuno-oncology agents for the treatment of HPV16+ advanced or metastatic solid tumors, including cervical, head-and-neck, anal, penile, vulvar, and vaginal cancer. The company also develops SQZ-AAC-HPV, which is in a Phase I clinical trial for the treatment of HPV16+ advanced or metastatic solid tumors in monotherapy and in combinations with other immune-oncology agents. Its additional platforms in development are SQZ Activating Antigen Carriers; and SQZ Tolerizing Antigen Carriers. SQZ Biotechnologies Company was incorporated in 2013 and is headquartered in Watertown, Massachusetts.
GoldViewFX - UPDATED LEVELS & TARGETS$Hey Everyone,
We had another smashing day today with a buy signal with the perfect exit using our custom intraday levels to then follow with a sell signal. Both signals HIT target and out! The market continued to break through levels, as we anticipated this yesterday highlighting the lower levels being open and to consider this while chasing any bull targets.
We have had a weekly chart MA83 touch, which may provide some dynamic support. We have now drawn a Goldturn channel, which highlights a upper challenge at 1851 and a lower challenge at 1793. We need to consider this range while trading Goldturn to Goldturn.
Bullish TARGETS
1825, 1842, 1851
BEARISH TARGETS
1814, 1804, 1793
SWING RANGE
1780
As always we will keep you updated with any changes to our plans, please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET UPDATEHey Everyone,
We had an awesome day today with our trading plan playing out to perfection!!! (see related post below)
We hit all our projected targets from retracement to 1832 to find support, as identified - followed by 1839, 1844, 1849, 1854, and then to finish of with a BOOM 1857.
Why do we stick to buys I hear a lot of you ask? well I've been trading the Gold market for over 10 years and have traded and managed most market conditions. Every so often a winning streak is broken with getting stuck in a big swing. Back test the Daily chart structure and you will see getting stuck in a swing with buys is far safer than a sell swing. The last 3 years I have found it both safer and profitable to have a 70/30 ratio with buys vs sells.
The lower range has opened up so we must keep that in mind while taking buys and manage risk accordingly. Markets are volatile so we expect swings both ways.
We expect some retracement and then continuation of movement up.
BULLISH TARGETS
1854, 1857, 1863
BEARISH TARGETS
1849,1844
SWING RANGE
1832
As always we will keep you all updated with any changes to our plans throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR