Daily Chart Goldturn Support and Resistance levelsWe have updated our Daily chart levels, which we have not done for a while, as most were inline with our H1 levels before.
We expected some bi directional movement for FOMC and that's what seems to be happening right now. We have outlined the levels and what we see the price doing. We will update new targets or any changes tomorrow. For now our plan remains unchanged and until FOMC is over and the price settles we don't plan to make any changes to our overall plans.
GOLDTURN RESISTANCE
1886
1857
1834
1818
1794
1770
GOLDTURN SUPPORT
1762
1754
1740
1719
1710
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GoldViewFX
XAUUSD TOP AUTHOR
Buysetup
EXP looking to reach for new highs?* Good earnings
* Very strong uptrend since the 2020 crash
* High 3-month relative strength in the Basic Materials sector
* Breaking out of a ~9 month base with higher than average volume
* Created a double bottom during the ~9 month consolidation
* Second half of the double bottom can be considered a cup and handle pattern as well
* Currently consolidating right above the broken resistance; creating a new support
* Maximum probable ROI is ~21.97% if the trade goes in our favor
Trade Idea:
* If you're looking for a trade during these market conditions you should be ready to face volatility and trades going against you.
* That being said, if you are looking to enter, now's a great time to enter this stock as it's consolidating just above the broken resistance and is offering a great risk/return ratio
* If you're looking for a discount you have a few options
1) You can look for an entry at the resistance turned support level of $159.90
2) If it breaks and closes below that, you can look for an entry around the $158 area as that should serve as short term support
3) If it breaks and closes below $158, you can look for an entry near the $155.50 area as that should serve as a stronger support level.
Caution:
* Again, the current market conditions are uncertain and if you are going in, trade with caution.
* A daily close below $155.50 would negate the idea.
Goldview Levels and TARGETS $ $Price resisted and rejected at 1790 level. We expected this level to hold and it did.
We also have a clean break outside the Goldturn channel. We may see a test on 1778 Goldturn support level, which falls just outside of the channel and in line with MA200. MA50 has also crossed over MA200 confirming some further move up. If both these levels cross and price falls back into the channel then we can expect some of the lower levels to open up, which we will confirm once we see the attempt. For now we are still very much in the same setup and 1790 and 1796 are still TARGETS.
We are expecting another challenge at 1790. We are looking for EMA5 cross and close above this level with candle body close to confirm the movement to 1796.
Goldturn Resistance:
1796
1790
1785
Goldturn Support:
1778
1766
We will post any changes and updates throughout!
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GoldViewFX
XAUUSD TOP AUTHOR
Goldview Analysis and Target UPDATE !We posted this idea yesterday for market open identifying some key support areas and two Bull targets. BOTH BULL TARGETS DONE TO THE TEE !!!!
We described how the price was respecting a descending Goldturn channel and how we identify when a channel is likely to be broken and the direction of the break. We identified a goldturn support within the channel that was stopping price from visiting the bottom of the channel and as suggested we expected a break up and challenge to Goldturn targets, which it did nicely!!!! (Please see related link idea below)
We still have a support target at 1778 due. A test and rejection was needed on this level to give full clearance of the channel. This leaves room for another drop to this level therefore will not add to any longs yet and we have taken profit at 1790 already. We will keep 1778 in mind and not as a target but more so for support to confirm if we have had a clear range breaker.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldView - Analysis - Levels - Targets Hourly Chart
The market has geared up for a range breaker movement and the leading setup and structure at this point will point towards a clear direction. However we try and minimise our positions during this time of the year, as the market tends to disconnect from a technical sequence.
The price is currently challenging the top end of the Goldturn descending channel, which is in line with 1785 Goldturn. A break and EMA5 cross on this level will give the range breaker momentum needed to break 1790 .
The 1770 Goldturn support level has stood in the way of the price from visiting the bottom of the channel. This is part of the setup structure we identify for the gear up of a Goldturn channel break out on the opposite direction.
EMA5 moving average has also crossed over all other MA's which for the short term allows us to take those buys from dips. However the longer term 50 day average cross over the 200 day average will be the more significant one to look out for. Currently both are merging close gearing up for a break out. The setup points towards a breakout UP but considering the range this is not the zone or the season to commit to a direction with exposure.
Daily Chart
The daily chart view below shows an overall range of 1741 to 1818, with a play range of 1770 to 1795.
Ema5 is due a Ma21 challenge and 1795 sits in the centre of both averages, making it a good meeting point for a price to challenge 1795 level as a TARGET .
This is the central zone of the range and personally its not an area to make any serious commitments and we plan not to. In this range and structure we just cherry pick price action from our signals and any technical setups we identify with small lots, minimum exposure. In our opinion this is the way to handle this range at this time of the year.
Please trade safe and note; everything we share is our own ideas and analysis and not financial advise.
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GoldViewFX
XAUUSD TOP AUTHOR
GOLD TARGETS UPDATE $$1770 supported due to the two goldturn support identified.
1776 and 1781 targets both HIT perfectly, as per our analysis.
We will now review to see if we need to make any changes to our plan for our third target from earlier this week.
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GoldViewFx
XAUUSD TOP AUTHOR
UMBF breaking out of an 11 month base!* Great earnings
* Strong up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a ~11 month base with higher than average volume
* Originally broke out last month but due to the market conditions it had a very slight pull back
* During the pull back it held up very well relative to the general market conditions.
* Maximum probable ROI is ~24.16% if the trade goes in our favor
Trade Idea:
* This is another breakout attempt after the general market is showing signs of recovery.
* Now's a great time to enter as the price is very close to the broken resistance and it's EMA's
* Weekly chart is also showing signs of the price being ready to move higher.
OMCL showing signs of moving higher with a pocket pivot?* Great earnings
* Strong up trend
* Very high 3-month relative strength in the Healthcare sector of 10.44
* Trading at higher than average volume creating a pocket pivot
* Trading in a tight range of ~5% range
* Little to no overhead resistance
* Has held up incredibly well during this correction with little to no downside at all.
Trade Idea:
* You can enter as indicated before the breakout from the range.
* This entry will net you a better risk/reward ratio but with the risk of not breaking out just yet.
* If you want to be conservative given the current market conditions, it may be better to wait for the breakout (a daily close) above $182.73 before entering.
Note/Caution:
* This is a pocket pivot entry and although it has little to no resistance, it may not break out immediately.
* Pocket pivots indicate institutional interest in the stock.
4H Chart Goldturn LEVELS and TARGET $$Price found support at 1766 Goldturn after a big drop from 1877.
Price retraced up to Fib level 23.6% and found temporary resistance here.
We can see price heading towards 1805 Goldturn level, which is also in line with fib level 38.2%. If we see EMA5 cross with a candle body close above 1805 Goldturn then we can expect price to hit fib level at 50% at 1820. If price is rejected at 1805 then we can expect a challenge at 1766 Goldturn support level.
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GoldViewFX
XAUUSD TOP AUTHOR
Update on active Gold TARGETS $$ We had 3 open active targets in order of sequence; 1774 and 1786 both got done and we were waiting for our third target 1796 to be hit. Price did the move and we nearly had the 1796 but got rejected at 1793. This was due to the Goldturn resistance level at 1793 acting as temporary resistance, as shown on the updated chart. However our target for 1796 is still open and active, as we have 3 Goldturn support at 1778 so looking for price to be supported here for now (Support level updated on chart). We will review this support level and any challenges and breaks before changing any plans for our active target at 1796.
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GoldViewFX
XAUUSD TOP AUTHOR
ZIM ready to go higher?* Relatively new company
* 3 out of 4 earning reports were great
* Strong up trend
* High 3-month relative strength in the Industrial sector
* Pays dividends very generously
* Increase in institutional interest
* Breaking out of a 15 week base forming a cup and handle pattern
* Depth of the cup is ~24.8%
* Breaking out with higher than the 15 day average volume
* $57.54 should serve as support moving forward
Trade Idea:
* Now's a great time to enter as the markets seem to be recovering and the sector seems to be doing well also.
* The price is very close to the broken level
ODFL offering another great entry before the next leg higher!* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* I last mentioned ODFL when it was about to break out from $304.22 and it has since then moved higher.
* Even as the industrial sector was hit hard in the past week ODFL managed to consolidate maintaining its volume.
* This indicates that institutions are very interested in this stock.
* If the market is rebounding now, we can expect ODFL to continue higher.
Trade Idea:
* Now's a great time to enter as it's bouncing off of support but hasn't moved too far up.
* If you're looking for a slight discount you may look for an entry near the $349.21 area.
UPDATE on gold targets. 2 done! 1 to go!! $$Our second target at 1786 is now done. We had the support target at 1774 done earlier and expected this to be supported for now, which played our perfectly. Now 3rd target at 1796 is due. We will review this and update with any changes and how we manage any changes.
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GoldViewFX
XAUUSD TOP AUTHORS
UPDATE on gold targets. 1 done! 2 to go!! $$Quick update on the outstanding intra day targets. 1774 done! now looking for support and then 1786 and 1796 due.
We will update any changes, as the price plays out.
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GoldViewFX
XAUUSD TOP AUTHOR
$AHIAdvanced Human Imaging shares are trading higher as traders circulate a press release from the company titled 'Advanced Human Imaging concludes Definitive agreements with Canadian based Cubert.'
Advanced Human Imaging Limited operates as a mobile application and technology development company worldwide. It develops and patents a proprietary measurement/dimensioning technology that enables end-user to check, track, and assess body dimensions privately using a smartphone. The company offers smartphone-based human scanning technology, such as BodyScan, FaceScan, DermaScan, MKScan, and HemaScan. It serves mobile health and telehealth, life and health insurance, fitness and wellness, and consumer apparel sectors. The company was formerly known as MyFiziq Limited and changed its name to Advanced Human Imaging Limited in March 2021. Advanced Human Imaging Limited was incorporated in 2014 and is based in South Perth, Australia.
GBPJPY LONG TRADE UPDATES Exactly as I explained we got another rejection from the buy zone so hopefully some of you guys got entry's, from there we have now seen price push higher breaking the last lower high to confirm we should see a further push to the upside.. id expect to see a bit of a resistance at 151.500 from there hopefully we can get a pull back for another buy opportunity
$GGPI Gores Guggenheim, Inc. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. The company was founded in 2020 and is based in Boulder, Colorado.