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GoldView UPDATE on BULL flag TARGET $$We posted this Bull flag formation earlier this week with targets and resistance levels. We do not trade chart patterns alone; we use it in combination with our analysis and setups. 1822 seems like the perfect target, which falls in line with FIB ext at 50% and also within the size of the pole. We have taken profits here at 1809 in line with the Goldturn resistance level identified earlier this week, which you can see has been respected to the tee. We will not target 1822 without a re-test of this level, as support. Our roadmap also has targets at 1822 and above, so we are still confident in our strategy for this market condition to keep buying dips. We have had an awesome finish to the year! We have been in this industry for a long time but only came to this platform 11 weeks ago and our analysis speaks for itself. We have also been No1 top author for XAUUSD every week and we couldn't have done it without your LIKES. We want to thank you all for your support!! As always don't forget to HIT like, comment and follow. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GoldView updated LEVELS & TARGETS $$We posted this plan on the 17th of this month and clearly marked the levels and targets. As you can see from the arrows marked on the chart; we projected some movement down first to test support and also predicted these support areas, as good entry zones. We also identified and marked the take profit zones. These levels were all respected and tested and we also got our entries to the exact levels with exits with plenty of opportunities to re-enter more than once. This played out exactly as planned! Our plans to buy dips remain and until 1766 is broken and we will continue with our buy setups and we will keep you all posted if this changes. For now our next stop is 1808 to test and secure. We are looking for a clean break on this level, retest as support and ema5 cross above this level to open up the remaining upper targets outlined on our roadmap - see related posts below. Please don't forget to like, comment and follow to support us, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
BNS breaking out of a cup and handle!* Great earnings * Strong up trend * High 3-month relative strength of 3.06 in the Financial sector * Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average * Base of the cup is ~21 week with the handle lasting about 4 weeks * Also created a double bottom during the base Trade Idea: * Given the setup, now would be a great time to enter as the price is still very close to the broken resistance. * If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area. Caution: * A daily close below $66.48 would negate the idea.
NYSE:BNSLong
by HaseebKhan_90
4
PAYX showing signs of continuing higher!* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Breaking out of a base on base pattern with higher than average volume (52.25% higher than the 15 day average) Trade Idea: * The price just broke out of a base on base pattern and is still close to the broken resistance. * Currently offering a great risk/reward ratio * You can enter as indicated * If you're looking to find a slight discount you can look for an entry around the $125 area as that should hold up as short term support. Caution: * A daily close below $123.55 would negate this idea.
NASDAQ:PAYXLong
by HaseebKhan_90
5
SSNC is one to keep an eye on!* Excellent earnings and accelerating * Very strong up trend since inception * High 3-month relative strength in the Tech sector * Breaking out of a ~5 month base creating a cup and handle pattern * Depth of the cup is ~15.5% * Breaking out with higher than 15 day average volume Trade Idea: * Given the current market conditions you can open a small position with a hard stop. * Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area * If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.
NASDAQ:SSNCLong
by HaseebKhan_90
GoldView Report and Roadmap $$HOURLY CHART We had a strong push from the bulls last week and we hit our 1808 target level. Price was rejected at this level and retraced to the next Goldturn support at 1797 and candle close. However the week closed with a bullish candle close above 1797 and EMA5 yet to test so we may find support here to continue further movement to the upside. We also had an ema5 cross and candle body close above 1808 level as highlighted on the chart opening 1819 target. If price does not find support at this level and we get confirmation for a break down, then we have identified the levels price will test before resuming the open targets above. We have continued to enjoy the setups suitable for this market structure and no change of plans till we see the 1766 level broken and secured comfortably. DAILY CHART We have a 1775 Goldturn support on the daily chart that price and Goldturn being supported by currently. A rejection here will give the bullish momentum needed for the breakout above. WEEKLY CHART Weekly chart formed a pennant pattern forming a bullish outlook. We draw this using Goldturns to identify targets within. A target of 1827 identified. Planning a projected move around the range identified and how the lot sizes used effects the exposure of the account, while doing this; allows us to move the identified range and targets without fear. As always any change to the market structure and our setups we will identify and execute necessary stops and resume with an updated plan. Hope you all find our trading ideas and plans useful and it provides some insight into how we trade. Please don't forget to give us a LIKE, COMMENT and FOLLOW to support us. It helps us to continue to share our analysis with you all. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
11
WM is one to keep an eye on!* Great earnings * Very strong up trend * High 3-month relative strength of 2.55 in the Industrial sector * Pays out dividends * Has been in a tight range of ~3.94% for the past 5 to 6 weeks * Held up incredibly well during this time of market uncertainty Trade Idea: * There are a few plays you can do here since the 4% stop is quite a distance away: 1) Enter now if you can stomach a little volatility 2) You can look for a buying opportunity once it has broken and closed above $166.23 3) You can wait for a discounted entry near the $164.22 area 4) You can wait for a bounce from the $161.24 area. Any thing below $161.24 would negate this idea.
NYSE:WMLong
by HaseebKhan_90
ITW looking to reach new hights?* Amazing earnings year-over-year * Very strong up trend * High 3-month relative strength of 4.05 in the Industrial sector * Pays out dividends * Breaking out of a ~9 month base with slightly higher than average volume * I mentioned it was breaking out mid November but due to the market conditions it had a slight pull back to the $232.47 area * It has since regained the lost ground and is making new highs again Trade Idea: * If you can stomach a little volatility, now's a great time to enter as the price is just breaking above previous highs. * It's offering a great risk/reward ratio * If you're looking for a discount you can do a couple of things 1) You can look for an entry near the $243.47 area as it should serve as support moving forward 2) You can wait a bit more and look for a buying opportunity near the $239.46 area since it would be a stronger level of support and can expect a bounce from there. Note: * When looking for buying opportunities at the lower levels you want to wait for a bounce from the mentioned levels before entering.
NYSE:ITWLong
by HaseebKhan_90
GoldView UPDATED Levels and TARGETS $$We have updated all the levels and now waiting for price to be either rejected on this zone at 1796 and then to go and test 1778 for support. This level has plenty of historical Goldturns making it a strong level. We have closed all long positions for now. If we get EMA5 to cross and lock above this level with candle body close then 1808 level will open up. Our plans for buying dips is still in motion and we will update if this changes. Goldturn Resistance Levels 1796 1808 1819 1830 1862 1872 Goldturn Support Levels 1786 1778 1766 1755 1746 Please don't forget to like, comment and follow to support us. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
GOLDVIEW REPORT - Analysis and Targets Gold has dropped down over 12000 points and now consolidating into a range. We are also approaching end of year and may see the price move sideways before making attempts for another breakout. We are expecting price to play within the overall range unless the price starts to play within the primary current range, in which case there's a stronger chance to challenge the 1766 support and break open the lower range. This lower range; if open, has a tight range of Goldturns moved across from historical data, which gives us confidence to still buy from this range, as we feel these areas will still provide enough support for some movement up to capture. Having many Goldturns, so close to each other gives us this confidence for now. H1 OBSERVATIONS Overall Goldturn range of 1766 to 1809. Price sitting in a current range of 1766 to 1787 and now challenging 1784 Goldturn resistance level. We also have ma200 sitting on 1787 resistance level so expecting a challenge here. We have not had a touch or cross over on ma200 for a while on h1 so this will confirm a movement up. We will wait to see how this plays out. Price for now has supported at 1766 and we have had a few candles test and wick out on this level. Two Goldturns have also formed above this level creating further support. So unless this level is taken out we will still continue to buy from good support levels. Price has also broken out of the Goldturn channel. H4 OBSERVATIONS Overall Goldturn range of 1766 - 1867 with a current primary range of 1766 - 1804. Price is currently challenging 1785, however there are two more strong H4 goldturn resistance just sitting above it, at 1793 and 1799 before any attempt is made on 1804. MA200 is at 1808 which may help the price to magnetise towards it giving the momentum to challenge these levels. We need to see a clean break of 1804 to confirm a breakout of this primary range or we can expect the price to break down, as there is only two strong support levels holding the price on H4, which is 1773 and 1766. A attempt on this level is looking like the easier technical challenge, however a break on this level will open a new range below and its looking like the easier challenge at the moment. DAILY CHART OBSERVATION The overall daily range is sitting between 1705 - 1900, with the price sitting between two strong Goldturns at 1741- 1819 and a weaker range of 1773 and 1795. Price is sitting on 1773 Goldturn and we also had price close below this level. However EMA5 is sitting above this level so good chance for this to be supported here. The challenge to look out for is 1741 for support and 1819 for resistance for confirmation of a bigger range breakout, otherwise the immediate play range would be 1773 to 1795. We are expecting both these levels to be tested again but the real challenge for us to pick a direction would be 1741 support and 1819 resistance. We hope you find this information useful and kindly request for you to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
1
NSA breaking out of a flat base!* Good earnings * Very Strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a flat base of roughly 6 weeks with higher than average volume * Pays out dividends quite generously since it's a REIT Trade Idea: * Now's a great time to enter as the price is just breaking out and is very close to the broken resistance. * The REITs sector is also doing pretty well at the moment * If you're looking for a discount you can look for a buying opportunity near the $62.50 to $63.30 area Caution: * A daily close below $62.50 would negate the idea
NYSE:NSALong
by HaseebKhan_90
DHI looking to make new all time highs?* Great earnings * Very strong up trend * High 3-month relative strength in the Consumer Cyclical sector * Breaking out of a ~9 month base with higher than average volume * Showed incredible strength over the past couple of months while the market was facing uncertain times. * Max probable ROI is 28.57% Trade Idea: * If you can tolerate some volatility, now's a great time to enter. * Looking at the weekly chart, it does seem a bit extended, so, if you're looking for a discount you can look for a buying opportunity near the $104.19 area.
NYSE:DHILong
by HaseebKhan_90
BRO breakig out and creating new all time highs.* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector of 6.25 * Breaking out of a 2 month base with higher than average volume * Held up very nicely during the recent market conditions Trade Idea: * Now's a great time to enter as the markets are showing signs of recovery * Still close to the broken level and adding to the volume * If you're looking for a discount you can look for buying opportunities near the $67.13 as that should serve as support moving forward Caution: * If the stock makes 3 consecutive lower lows on a daily basis you might want to consider exiting early.
NYSE:BROLong
by HaseebKhan_90