Buysetup
GoldViewFX - Market UPDATEHey Everyone,
Quick update on the market from us. We had some downward pressure on Gold due to Feds expectation of rate rise and also peace talks around Russia and Ukraine situation. As a technical trader we always expect external news to have impact on the market that throws price off the technical sequence.
This is where our experience comes in and you can truly appreciate why I keep banging on every day about only banking 20 to 30 pipis at a time to avoid swings. Even on a day like this we were able to take buys from support and comfortably bank between 20 to 40 pips and exit safely.
We remain Bullish and will continue to buy dips. However as we are at a strong support level of 1917, we need to see how EMA5 reacts to this level. A break below this level will open up the lower levels, in which case we will hold back till we find support. A rejection here will see us back into challenging 1928, 1935 and above.
At this moment in time we have banked and are out of all trades and will now let momentum exhaust and wait for some consolidation and then we will re-chart and assess our plans. As always we will keep you all updated with any changes.
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - MARKET REVIEW - UPDATED LEVELS & TARGETS$Hello Followers,
Hope everyone had a great weekend and ready for Market open.
This is the updated Daily chart setup. We can see Gold found support above 1931 Goldturn, which was created last week and is the most recent Daily chart Goldturn support level and 1992 is the most recent Goldturn resistance level created. This now gives us a new Daily Chart Range of 1931 to 1992, which gives us a play range to manage buying dips on our lower time frames keeping the overall daily chart range in mind.
We see 1992, as the overall daily chart target, which is gearing up now with the fresh Goldturn created at 1931 providing the momentum for EMA5 to cross above MA21. If we see this cross complete, it will give price the final push needed for the 1992 challenge. We also have an AXIS target at 2005, which is our longer range target on the DAILY CHART.
HOURLY CHART
This is our Hourly chart levels and targets. It will provide me the levels needed to buy from dips and to work the overall DAILY CHART range. We have 1958, 1966, as the immediate targets with a retracement range of 1945 and a SWING RANGE of 1935 to keep in mind to risk and money manage. EMA5 break above 1966 AXIS will open the upper levels and will also confirm 1976 TARGET.
We remain Bullish and buying from support levels and banking 20 to 30 pips at a time to avoid any swing traps. As always we will keep you all updated with any changes to our setups and 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,
BOOOOOM!!!!!! We called it again!! Just a closing post for the week.
Our analysis posted yesterday once again played out perfectly. We took a sell for the retest to 1945, like we suggested in our idea yesterday and then we rode the movement up, buying from dips.
The EMA5 moving average crossing MA21 confirmed the retest to 1945 level and our new Goldturn created on the daily chart gearing for a MA21 cross supported the movement up. We remain Bullish and buying from support levels and banking 20 to 30 pips at a time, is a winning strategy for this market condition. Our experience in the market allows us to adapt, adjust and execute!!
We will post our weekly market review to prepare for the coming week on Sunday. In the mean time please don't forget to like, comment and follow us, to support our work, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
$SD recovering from pullback and forming a cup and handle!* Great earnings in the recent quarters
* Strong up trend in recent history
* Breaking out of a 6 month base
* Sector: Energy - Oil & Gas E&P
* Relative Strength vs. Sector: 1.07
* Relative Strength vs. SP500: 11.5
* U/D Ratio: 1.33
* Base Depth: 51.12%
* Distance from breakout buy point: 1.49%
* Volume 28.83% above its 15 day average
Trade Idea:
* You can enter now as the price is still close to the broken resistance.
* The target of 2.5 to 1 is close enough to reach
* If you're looking for a better entry you can look for one around the $14.22 area and manage risk accordingly.
GoldViewFX - Market UPDATEHey Everyone,
We sound like a broken record but here it goes!!! We smashed through the targets and our analysis played out perfectly. Taking buys from dips allowed us to ride this movement from the bottom, securing profits on each level using our Intraday levels shared with our followers.
We have moved our swing range up to 1935 but would like to see support higher up at 1945. A retest at 1945, followed with a rejection will give price the momentum needed to retest the highs. For now we have targets above at 1958 again, 1966 and 1976. Markets are volatile so we will only take buys from support to avoid getting stuck in swings banking 20 to 30 pips at a time.
4H CHART
Our 4H chart for some longer range targets. We just missed the 1969 AXIS target, which remains open and valid. A break above 1969 AXIS with EMA5 and candle body close will open the longer range target of 1995.
As always we will keep you all updated with any changes. Please don't forget to like, comment and follow to support us. We really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
$GOGL ready for the next leg higher?* Great earnings in the recent quarters
* Strong up trend in the recent years
* Sector: Industrials - Marine Shipping
* Relative Strength vs. Sector: 37.17
* Relative Strength vs. SP500: 9.02
* Very strong stock in the sector as well as against the SP500
* U/D Ratio: 1.48
* Base Depth: 10.26%
* Distance from breakout buy point: 0.33%
* Volume 15.45% above its 15 day average
* Created a base for about 8 months before breaking out from $9.86
* Moved up ~26% before creating another base for the past ~5weeks and is now breaking out again
Trade Idea:
* Now's a great time to enter as the price is just breaking out.
* The high U/D Ratio of 1.48 shows that the stock is being accumulated
GoldViewFX - UPDATED LEVELS & TARGET$$Hey Everyone,
Awesome day of trading today riding the movement up, hitting all our targets. We posted this chart yesterday identifying the Bull Targets and also the swing range at 1917. This played out beautifully hitting the retracement at 1917 first, giving us the entries for the ride up. Our Goldturn levels were respected perfectly allowing us safe entries and exits
We have updated the Hourly Chart Goldturn support and resistance levels with a new swing range to 1828 and targets above at 1953 and 1958. We will wait to see if we get a EMA5 cross and lock above 1945 to confirm these upper targets. If we don't see EMA5 cross above 1945 we will see movement down towards the swing range, which will allow us to take buys back up towards the same levels.
Although we will wait to see EMA5 cross above 1945 to confirm 1953 and 1958, we already had 1958 as a target from last week to fill, so we remain confident in buying dips rather than targeting directly from this level.
Banking 20 to 30 pips at a time between Goldturn levels protects us from getting stuck in the swings and allows us to change and adapt plans on the fly.
As always we will keep you all updated with any changes to our plans. In the mean time please review and kindly don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
$ALLG Next Target PTs 60-70 and higherAllego N.V. operates as an electric vehicle (EV) charging company in Europe. The company offers charging solutions for electric cars, motors, buses, and trucks. It has a charging network with renewable energy and charging solutions for business-to-business customers, including leading retail and auto brands. The company has approximately 28,000 charging ports across 12,000 public and private locations. It also provides Allego EV Cloud, a customer payment tool that provides essential services to owned and third-party customers, including authorization and billing, smart charging and load balancing, analysis, and customer support. The company was incorporated in 2013 and is based in Arnhem, the Netherlands.
GoldViewFX - H1 MARKET REVIEW & UPDATED LEVELSHey Everyone,
We had some movement down today testing the lower Goldturns, which we were expecting due to the swing range we identified in this volatile range. However we remain within the Bullish structure and just need to be patient with where we pick our entries in these volatile market conditions.
Todays price action is a perfect example of waiting for the right entry. Normally we would take a buy entry from dips at support levels to ride up safely. However we had a open target from yesterday and because EMA5 broke yesterdays Goldturn high, we took a buy at the top. We quickly managed out of the buy and then took the entries from the drops, as part of our initial plan on buying dips. Second round of buys we took from the 1922 level, followed with entries from the 1911 Goldturn. Needless to say we covered the trade at the top and finished the day on profit!! This is trade and range management!
I cannot emphasize how effective it has been for us to bank 20 to 30 pips at a time. This allowed us to take entries from dips and get out with profit before the next swing providing multiple entries and exits. Taking the entry and banking at 20 to 30 pips at a time gives us better odds in avoiding the swings. Every market condition requires us to adapt and change our style according to the new structure and applying the right framework for entry, exit, exposure and PIP capture is critical to trade successfully.
We have updated the 1H chart levels with the most current Goldturn levels and will be trading this range between these levels. We are expecting 1928 as a target with some retracement close to 1917. Whilst we expect swings below, we can expect price re-test some of the upper 1900 levels in stages. Keep in mind the potential trading range from the DAILY CHART (see related post below).
Tomorrow we will wait to see if 1917 holds to support buys or we get to test 1911 again; a break here will change our setup. This will be observed before taking positions.
As always we will keep you all posted with any changes and keep everything as transparent as possible to give you all a true insight of a traders day to day journey from analysis to execution to trade management. Managing a profitable trade is easy, its how you manage a losing trade that sets you apart from the rest!!!!
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Buys on GBPUSD if you haven't entered alreadyIDEA :
Take a look on the daily timeframe, we are in a bearish channel however our price is coming from the support of this channel, thus buys.
If we dive deeper into the 4h timeframe we can see a clear head and shoulders pattern, as we wait for a break of the neckline to enter our long positions.
Furthermore on the 30min chart you will see a bullish channel, where we will be looking for the perfect entry, notice the price still has to reach the channel's support and then only come back up to break our neckline, so we are a bit early but enter your buy stops now.
CONCLUSION :
We have 3 confirmations (if confirmed) making this a high probability trade:
Bullish momentum coming from support of daily channel
Head and shoulders on 4h chart neckline is at an area of high sensitivity
Breakout of 30min bullish channel
TRADE GUIDELINES :
Entry: 1.32100
SL: 1.31100
TP 1: 1.33000
TP 2: 1.34300
TP 3: 1.35100
Let me know what you think! Good luck! :)
$BBIG Next Target PTs 3.75-5 Long term PT 9 and higherVinco Ventures, Inc. operates as a consumer product research and development, manufacturing, sales, and fulfillment company in North America, the Asia Pacific, and Europe. It offers toys, plush, homewares, and electronics to retailers, distributors, and manufacturers through e-commerce channels; and personal protective equipment to governmental agencies, hospitals, and distributors. The company was formerly known as Edison Nation, Inc. and changed its name to Vinco Ventures, Inc. in November 2020. Vinco Ventures, Inc. was incorporated in 2017 and is based in Fairport, New York.
$GROM Next Target PT 1.80 Long term PT 7 and higherGrom Social Enterprises, Inc., through its subsidiaries, operates as a media, technology, and entertainment company that focuses on delivering content in the United States. The company operates a social media network for children under the age of 13 years. It also produces animated films and televisions series; and provides web filtering services to schools and government agencies. The company was incorporated in 2012 and is headquartered in Boca Raton, Florida.
$VIEWW (Warrants) Next Target PTs 1.25-2.75 and higherDescription: View Operating Corporation, a technology company, develops, manufactures, and sells smart building products. Its product portfolio includes View Smart Glass that comprise electrochromic glass panels in the form of insulating glass units; View Net, a cloud-connected network infrastructure offering that can incorporate and power smart building devices; View Immersive Experiences, which transforms View Smart Glass windows into transparent, digital, and interactive surfaces; View Sense modules to measure and optimize light, humidity, temperature, air quality, dust, and noise; and View Smart Protect, an intrusion detection solution that can be deployed on View Smart Glass windows to improve the security of a building by detecting glass breakage. The company is headquartered in Milpitas, California.
Industry: Building Products & Equipment
$ENSV Next Target PTs 9-11 Long term PT 19 and higherEnservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company owns and operates a fleet of approximately 338 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the eastern United States region comprising the southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain region consisting of western Colorado and southern Wyoming, central Wyoming, western North Dakota, and eastern Montana; and the Central United States region, including Eagle Ford Shale and Permian Basin in Texas. Enservco Corporation was incorporated in 1980 and is headquartered in Longmont, Colorado.
GoldViewFX - DAILY CHART UPDATEHey Everyone,
I thought I would quickly share an updated Daily Chart with you all.
I have taken the range from the last time we had price action in this range and drawn a range view to show potential blue print for the current range. This has already started to respect well on the lower timeframes by providing support above 1921.
We have a range of 1921 to 1977 on the daily chart with a swing range of 1862. The levels on this chart shows historically big swings up and down, we need to keep this in mind when trading on the shorter timeframes.
We will keep this chart updated with any changes throughout the week.
Please don't forget to like, comment and follow to support our work, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
Once again we called it, our target at 1940 was HIT perfectly with plenty of entries throughout the London and US session from buying DIPS and also a Buy signal that also HIT TP. 1922 Goldturn provided the support needed to take buys using the hourly chart (see below).
Price played between a tight range of 1922 to 1935. We used the hourly 1930 Goldturn for exits and 1922 Goldturn support for buys, keeping in mind the 4H chart 1940 Goldturn Target and 1958 Target from our Hourly Chart, which gave us the confidence to buy dips. Taking the entries from support allows me to avoid any swings or change of direction with minimal drawdown.
We are now looking for EMA5 to break above 1935 Goldturn on the hourly chart to open 1958 again and a EMA5 break above 1940 Goldturn on the 4H chart to open 1968 AXIS. We remain Bullish and will continue to buy dips from Goldturn support levels, taking 20 to 30 pips at a time to avoid swings till our targets get HIT.
As always any changes to our setups we will keep you all updated.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
$PETZ Next Target PT .55 Long term PT 4-9 and higherTDH Holdings, Inc., together with its subsidiaries, develops, manufactures, and sells pet food products for pet owners in the People's Republic of China, Asia, Europe, and North America. The company offers approximately 200 products, which include 6 product lines consisting of pet chews, dried pet snacks, wet canned pet food, dental health snacks, baked pet biscuits, and other products, as well as non-food items, such as dog leashes, pet toys, etc. for dogs and cats. It sells its products under the Pet Cuisine, Hum & Cheer, and various other brand names. The company offers its products to retailers and wholesalers, as well as through e-commerce platform. TDH Holdings, Inc. was founded in 2002 and is based in Qingdao, the People's Republic of China.
$NAK Next Target PT .58 and not higherNorthern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that covers an area of approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd. in October 1997. Northern Dynasty Minerals Ltd. was incorporated in 1983 and is headquartered in Vancouver, Canada.
$AAU Next Target PT .55 Long term PT 1.20 and higherAlmaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company primarily explores for gold, silver, and copper deposits. Its principal property is the Tuligtic Property/Ixtaca Project that covers an area of approximately 7,200 hectares located in Puebla State, Mexico. The company was incorporated in 1980 and is headquartered in Vancouver, Canada.