GOLD ROUTE MAP UPDATEHey Everyone,
We finish off another great week, with all our chart ideas playing out, as analysed.
After completing our Bullish targets yesterday, we stated that the last move up on the cross and lock gave over 200 pips but just short of the full gap at 2959. We also stated that, as long as we have no lock below 2928, we are good to buy dips into this range for now.
- This played out perfectly continuing to support above 2928, allowing us to buy dips safely
BULLISH TARGET
2890 - DONE
2928 - DONE
EMA5 CROSS AND LOCK ABOVE 2928 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Tradingideas
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 4h chart after smashing levels on our 1h chart idea.
This chart idea is playing out perfectly!!! We got our 2890 and 2928 Bullish target hit. This followed with ema5 lock opening the range above upto 2959. We got the move up after the lock for over 200 pips but just short of the full gap. As long as we have no lock below 2928, we are good to buy dips into this range for now.
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.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2890 - DONE
2928 - DONE
EMA5 CROSS AND LOCK ABOVE 2928 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2992
EMA5 CROSS AND LOCK ABOVE 2992 WILL OPEN THE FOLLOWING BULLISH TARGET
3024
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 2890 WILL OPEN THE FOLLOWING BEARISH TARGET
2857
EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE RETRACEMENT RANGE
2813 - 2785
EMA5 CROSS AND LOCK BELOW 2785 WILL OPEN THE SWING RANGE
SWING RANGE
2744 - 2713
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Strength on FMC stockAfter publishing the February 5th 2025 earnings report, the FMC Corporation stock gapped down, losing almost 34% of its value. Moreover, nowadays, the company is under serious pressure after being accused of publishing false Sales and Inventory information and downgrading shares from "Buy" to "Neutral" by some analytic companies (e.g. Redburn). Logically, in such circumstances, prices should continue down, but as a matter of fact, it is not the case. Why?
First, the February 5th bar is a down bar on a huge (largest in the last 15 years) volume, which, according to Volume Spread Analysis (VSA), indicates professional buying. Then, 2 days later, professionals bought again and the market responded by the higher prices.
Finally, the gapped-down bar reached the level of the previous support (blue rectangle on the daily and weekly charts), which adds strength.
Even though it looks very bullish on the daily chart, the price should be tested before the rally. Therefore, we may expect a shallow correction to $35.13 - $36.34 or, if supply is still there, to $30.80-33.73.
If testing is successful and the up move begins, the potential resistance on the way up will be around $48.06-$48.73 and $52.65 - $54.54 areas.
Next draw of liquidity: NzdUsd0.58083 is a weekly POI that have been respected before. I'm anticipating price to retest that zone again this week , hence anticipating the news (Existing Home Sales) by 10:00 New York time to push price to my point of interest and rejection kicks in.
Therefore this weekly candle might close with a rejection of that zone and next week would be bearish till we clear this week low 0.56779
I'm anticipating price to also clear previous week low (the monthly low) 0.55164 by next month.
Kindly boost if you find this insightful 🫴
NZD/USD 1-Hour Chart Analysis –📊 NZD/USD 1-Hour Chart Analysis – Feb 20, 2025
🔹 Current Price: 0.57239 (-0.11%)
🔻 Recent High: 0.57324
🔻 Recent Low: 0.57031
🔴 200 EMA: 0.56935 (Acting as support)
🧐 Key Observations:
✅ Bullish Structure: The price has been trending upwards with higher lows, showing strength.
✅ Support Zone: A key support zone around 0.5720 - 0.5730 (highlighted in orange).
✅ Trendline Retest: Price is currently testing the support zone, potentially setting up for a bounce.
📉 Possible Scenarios:
🔹 Bullish Case: If buyers hold the support zone, a bounce toward 0.5740 - 0.5750 could be in play 🚀.
🔹 Bearish Case: A break below 0.5700 could lead to a deeper pullback towards 0.5670 - 0.5660 ❄️.
🎯 Trading Plan:
📌 Buy Setup: Look for confirmation (e.g., bullish candlestick patterns) around the orange support zone for long entries.
📌 Sell Setup: If the price breaks below 0.5700, consider short positions with targets around 0.5670.
🔥 Final Thoughts: The trend remains bullish unless we break below key support levels. Watch price action near the support zone for potential opportunities!
📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #NZDUSD #Forex
DGKC ACCUMULATION BOX TRADE IDEADGKC IS TRADING IN A ACCUMULATION BOX. HALF YR RESULT WILL BE ANNOUNCED TODAY. EXPECTING GOOD RESULTS WHICH WILL BREAK THE ACCUMULATION BOX.
THE REAL REISTANCE IS AT 108.20 WHICH IS THE WEEKLY PREVIOUS HIGHER LOW AFTER WHICH THE STOCK WENT DOWN to all time low.
HOWEVER THERE IS A DEVIATION FROM 109 TO 112.
AT THE BREAKOUT AT 112 WITH LARGE VOLUMES will start the uptrend
A retest might be possible at the top of accumualation box at 112. Watch on 5m and 15m The EMA 21 is currently acting as a support.
the next quick target will be 116 . If the stock gives a strong breakout above 116 then 122 looks like the next target.
DXY – Key Level Broken, More Downside Ahead?Hello Folks , Long time no see .
The US Dollar Index (DXY) just broke below 106.5, and things are getting interesting. The trend has been weakening, and price is now sitting at a crucial zone.
📌 Here’s what I’m watching:
107.66 is the big resistance. If price can reclaim it, bulls might have a chance.
105.48 & 104.46 are the next major support levels.
👀 My Take:
If we stay below 106.5, I expect more downside towards 105.4 and maybe 103.3. If price bounces and reclaims 107, I’ll reconsider.
What’s your view? More downside or a bounce coming? Drop your thoughts below! 🚀🔥
🚨 Disclaimer:
Just sharing ideas here—this isn’t a trade advice . Everyone sees the market differently, and the goal is to improve our analysis, not tell anyone what to do. At the end of the day, your trades are your call, your responsibility. Trade smart! 🚀📊
Weakness on HOOD stockRobinhood Markets, Inc. (NASDAQ: HOOD) shares appear to have sold off after publishing its February 12th earnings report. Following the report's good news, the market gapped up on opening and triggered a buying surge, allowing professionals to sell. The next day, the price recovered on a significantly lower volume, indicating absence of the professional interest on the upside (weakness). Then, on February 18th, another selling took place, which absorbed the remaining demand and pushed the price below the low of the gapped-up bar. This is bearish behaviour.
It has to be noted that there were a few more selling activities in December 2024/January 2025 (red rectangles), making the overall situation on the stock even weaker.
Despite the serious weakness, we may still see a retracement up into the $62.09 - $65.21 area for either more selling or retesting of demand, after which a move down to the $41.04-$42.66 zone could be expected. In this case, the support might reappear around the $52.96 level and at the $49.56 - $50.19 area.
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out, as analysed.
After hitting our first Bullish target, we stated yesterday that we had the lock above 2905 opening 2934. This gave a nice push up of over 200 pips but the gap remained open and still valid.
- This was hit today completing this target. Our next range is now open above at 2959 but as we enter into the ATH range, we need to take caution. We are seeing EMA5 break back into 2934 also opening 2905. Range is now big but structure is still very much Bullish and therefore we will continue with our plans to buy dips.
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.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2905 - DONE
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934 - DONE
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2781 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts today with our chart idea playing, out as analysed.
After completing our Bullish target yesterday at 2905, we stated that we were now looking for ema5 to lock above 2905 for a continuation to the range above.
- We got the lock above 2905, which opened 2934. This gave a nice push up of over 200 pips with plenty of time to get in for the action. The gap still remains open.
We will continue to look for ema5 lock above or below each of the levels to determine the next range. Lock failures will also confirm rejection in which case lower Goldlturns will be used for support and bounce.
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.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2905 - DONE
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2781 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Strength on MRNADespite negative news, Moderna, Inc. stock is in a good position to rally. Its price has been falling since August 2021, but relatively big buys have begun to emerge since August 2024.
It has to be noted that on every bar with buying, volume is increasing, which is usually a sign of accumulation on a down move.
If the price breaks the $40.83 level (the high of the bar with the largest volume), then tests it on low volume later, and supply does not re-emerge in the $49.94 - $56.70 zone, this would signal the end of accumulation. In such a case, we could expect the move towards $102.90 - $118.10, and if shares would not be sold off there, it might go even higher to $156.94 - $163.19.
At the same time, if accumulation has not been finished yet, we may still see another leg down for more buying.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea already off to a flying start.
We started with our Bullish target at 2905 hit and now seeing price resist here and ranging due to low volume currently due to US holiday.
We are now looking for ema5 to lock above 2905 for a continuation to the range above or failure to lock above will see price reject into the lower Goldturns for support ad bounce. Ema5 lock will confirm level to level direction and range to 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.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2905 - DONE
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2905 and a gap below at 2872. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2905
EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934
EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987
BEARISH TARGETS
2872
EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE
SWING RANGE
2807 - 2781
EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2764 - 2740
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.
After completing 2729 and 2856, we were left with a very small body close above 2856 last week leaving 2976 open and we stated that will need ema5 lock to further confirm this.
EMA5 is still yet to lock, however the body close already gave us a nice push up with over 700 pips. The full long term gap still remains open with a further candle body close left from last week.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
USD/CHF: Avoiding a false dichotomyThe US dollar is in a correction of its uptrend (see EUR/USD, GBP/USD, AUD/USD etc)
Do we really face a linear option of fade or no trade?
Actually, it might be a false dichotomy .
Going long EUR/USD and GBP/USD (i.e. selling USD) would mean fading the major trend (as per the weekly charts).
But going short USD/CHF (i.e. also selling USD) would not be a counter trend trade because USD/CHF is in a trading range. Selling below resistance in a trading range is a high probability setup.
We can see the topping process on the daily chart, with 0.90 as the broken neckline.
Here the risk is well defined - if the price pops back over 0.90 - the breakdown trade is no longer on but while below 0.90, 0.88 is a natural target as the last major support area and the 30 week moving average.
But - as always - that’s just how the team and I are seeing things, what do you think?
Share your ideas with us - OR - send us a request!
Drop a comment
cheers!
Jasper
UK100 (FTSE)-Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
8380.25 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
A trough is formed in daily chart at 8006.10 on 12/20/2024, so more gains to resistance(s) 8664.21, 8765.00, 9000.00 and more heights is expected.
Take Profits:
8083.43
8183.03
8242.89
8380.25
8485.05
8664.21
8765.00
9000.00
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Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
GOLD MARKET UPDATEHey Everyone,
Great finish to the week once again with all our chart ideas playing out, as analysed.
This is an update on our new daily chart idea which we shared on last Sunday, which also played out perfectly .
We had candle body close and ema5 above lock above 2827 leaving target to 2904 AXIS. This was hit perfectly this week completing this level and also into the channel top for the perfect finish and rejection.
We have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics.
We also need to keep in mind the channel half line below to establish floor to provide support for the range. A break below the half line will open the lower part of the channel to establish floor on the channel bottom.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX