GoldViewFX - Market UPDATEHey Everyone,
This is just a closing post for the week we had. We will be posting our market review and trading plan for the coming week before the market opens tomorrow.
As you can see we have HIT targets, as planned and worked the range up and down. We have outstanding targets, which we will only target with the correct setup.
I wanted to review this chart, as it has a good example of how to trade these levels in stages rather than going for the longer range target in one go. We had two open TARGETS 1958 above and 1922 below. This is where we look for EMA5 cross and lock with candle body close on any of our GOLDTURN levels leaving a gap to the next level. We had a break BELOW 1935 with EMA5 and candle body close that opened gap to 1922, which was hit PERFECTLY! The first time it was HIT on Friday, it gave us a buying opportunity to 1935 on the same 1H candle, as we identified it as a support level with one target above remaining.
We are now out of trades and will look for a 1935 challenge and break again to reconfirm the outstanding target of 1958, as this gap remains open and allow us to target it, otherwise we will now wait for a fresh break and lock at 1922, which is being tested now to see 1906 and below challenged. If EMA5 fails to break below 1922, we will see a rejection here and price back to challenge 1935.
We are seeing price move down into a bearish setup with some deeper corrections that may follow, however our long term outlook for GOLD is Bullish so we will look to take advantage of these deeper corrections for buying opportunities.
We will update our trading plan for the week with our projections before market opens, so please do keep an eye out for our market review.
Please don't forget to like, comment and follow to support us. We really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Buysetup
$DSKE to move higher as it recovers from pullback?* Okay earnings
* Strong up trend since 2019
* Sector: Industrials - Trucking
* Relative Strength vs. Sector: 13.48
* Relative Strength vs. SP500: 12.37
* U/D Ratio: 1.21
* Base Depth: 39.33%
* Distance from breakout buy point: 0.34%
* Volume 24.81% above its 15 day average
* Created a base on base pattern
* Was trading in a tight range earlier before the breakout
* Then pulled back into the range and is now breaking out
* The red horizontal lines indicate previous all-time-highs from 2017/18
Trade Idea:
* You can enter now as the price is just breaking out of the range for the second time and it also seems like a pullback recovery.
* If you're looking for a better entry you can look for a buy opportunity inside the range if it comes back in.
Note:
* First target should be achievable given that it's inside the recent range.
$CHKP breaking its 15 month base! Pullback recovering.* Excellent earnings
* Very strong up trend on the longer time frame
* Breaking out of a 15 month base
* Sector: Technology - Software - Application
* Relative Strength vs. Sector: 3.81
* Relative Strength vs. SP500: 10.48
* U/D Ratio: 1.95
* Base Depth: 25.82%
* Distance from breakout buy point: 1.75%
* Volume 13.76% above its 15 day avg.
Trade Idea:
* You can enter now as the price is very close to its breakout point.
* Or if you want to look for a better buy opportunity you can look to enter around the $137.47 area as that should serve as support moving forward.
GoldViewFX - UPDATED LEVELS & TARGETS$Hey Everyone,
What an awesome day of trading, once again we are calling and smashing targets and as you can see our roadmap has started to play out perfectly. Visually every level and retracement has played out but just missed the last target, which is still open at 1958.
1935 Goldturn support held beautifully providing support again. This level has already given me BUY entries throughout today. EMA5 has broken 1935 with candle body close confirming target to 1958. The Goldturn created above 1906 put us back into a bullish setup, and knowing we have 1958, as an open target gives me more confidence in buying dips. Sitting behind the movement by taking buys from dips allow me to get safe exits in volatile conditions.
4H UPDATE
We have a significant challenge on the 4H chart at 1940. A break on this level with EMA5 cross and lock will open the upper range potentially a clean run to 1982. The 1958 target today on hourly chart was held up by this 4H chart Goldturn. We will keep a close eye on this. The EMA5 cross over MA21 gives us the setup for this level 1940 to be broken with EMA5.
4H CHART SWING RANGE:1906
As always we will keep you all posted with any changes to our setups, in the mean time please review and don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
Long various alt coins soonHello everyone,
I am seeing a potential buy signal on Ethereum and similar alt coins coming up soon (within the next couple of days if not now). I am a purely technical analyst. I believe all the possible news and rumors that all the traders in the world have heard and acted on are already priced in the market. So to me reading what the market is telling me is like reading ALL the news, without reading any! Though I do enjoy reading crypto news at times. Just remember the trading axiom to buy the rumor and sell the news. This was certainly the case for ADA and DOT last year!
Anyway I have offered an explanation of my system. I will not give you an analysis that suggests it can go two ways. Those kinds of analyses are pointless in my opinion. How does that help? I am telling you the market is showing at least a short term bottom, and so it is time for me to jump in.
In my previous analysis, I suggested a hard down move for bitcoin, possibly to 20k. But now that I am seeing this signal, I have changed my mind. The signals appear when they appear, and I heed them, regardless of what I speculated on prior.
That is it for now. If you have any questions, please feel free to ask.
Wishing you the best!
$ANTM attempting to break out for a second time! Will it hold?* Great earnings
* Very strong up trend in the long term
* Sector: Healthcare - Healthcare Plans
* Relative strength vs. Sector: 2.19
* Relative strength vs. SP500: 1.03
* U/D Ratio: 1.17
* Base Depth: 9.7%
* Distance from breakout buy point: 0.45%
* The setup is giving a great risk/reward ratio allowing us to manage risk tightly
* Hasn't been effected by the current world affairs at all
* Weekly price action also looks very healthy
Trade Idea:
* You can enter now as the price is just above the breakout and volume is higher than average.
* Alternatively you can look for an entry around the $468.7 area or if you think this will pull back a bit more; you can look for an entry around the $460.25 area.
Manage risk accordingly.
What are the next levels for GOLDPrice has perfectly tested the buy zone which we layed out in our previous video analysis
We're expecting a move higher, but then also a possible pullback to levels below the most recent low.
There are some potential opportunities when it comes to day trading, so if that's your style then again - you can see the levels expected in the video.
I would suggest limiting your target levels to around the 2000$ level because we might then see another pullback before continuing higher.
Good luck!
GoldViewFX - Market UPDATE and ROADMAPHey Everyone,
This chart played out perfectly with the movement down to 1906, although price went as low as 1895, it failed to close below the 1906 Goldturn. This provided the support needed for our next target to 1922. This played out beautifully!
1935 is our next open target and a break above this level with EMA5 will open the upper range up again, up to 1979. A rejection here will drive price back to retest 1906.
The sharp movement down over the last few days broke us out of our Bullish setup, which provides us the setups to take sells from spikes while climbing back up to the upper levels, with 20 to 30 pips capture on stronger resistance levels, to minimise chances of getting stuck in the swings.
As always we will keep you all updated with any changes to our plans, as we adapt our setups back in this range.
Please don't forget to like, comment and follow to support us, we appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
LEVI SHORT-TERM LONGMarket finished 1-5 Elliot wave, flat ABC correction and full 1-5 Elliot wave with XWY combination downwards, we were expecting it to bounce off of a demand zone, but it reversed earlier, R/R for this trade is way to low unless market retraces to our entry zone.
Entry: 16:76
Invalidation: 15.30
Target: 23 (50% fib zone)
ADSK LONG POSITIONWe just finished 1-5 Elliot Wave, ABC correction and XWY combination, and bounced off of a strong monthly demand zone, we already missed out on an entry, but we can still enter now but our R/R is low, I would suggest waiting for a retrace to an entry zone, because market made tiny gap while bouncing up which should be filled and we should get a good entry.
Entry 192 (After a retrace to entry zone for better R/R, we can enter now, but risk reward ratio is very low)
Invalidation 123 (Just below Demand zone)
Target 1: 260 (50 Fib zone)
Target 2: 299 (Daily gap zone)
$HYMCL Long term PTs 2-4 and higherHycroft Mining Holding Corporation , together with its subsidiaries, operates as a gold and silver producer in the United States. The company holds interests in the Hycroft mine covering an area of approximately 70,671 acres located in the state of Nevada. As of December 31, 2020, its Hycroft mine had proven and probable mineral reserves of 11.9 million ounces of gold , and 478.5 million ounces of silver . Hycroft Mining Holding Corporation was formerly known as Mudrick Capital Acquisition Corporation. The company was incorporated in 2017 and is based in Denver, Colorado.
AMC Theaters ( AMC ) is getting into the gold mining business. The theater chain announced it bought a stake in Hycroft Mining Holdings ( HYMC ), a precious metals company.
AMC's CEO Adam Aron wrote on Twitter , "AMC is playing on offense again with a bold diversification move. We just purchased 22% of Hycroft Mining (NASDAQ: HYMC ) of northern Nevada."
GoldViewFX - MARKET UPDATEHey Everyone,
What a volatile few days of trading, we hope everyone traded safe and managed risk during these volatile conditions.
We started our day with a signal TP and then sat back and let the price tank for us to asses how price action reacted to our Goldturn levels. Over the last month we have shared how we rode the Bull run to the top from behind, which allows us to take a safe exit from the Bull run when the market turns. We managed any buys from the top by measuring retracements and getting out early using our Goldturns.
1906 Goldturn support has held for now with a candle wick out, which followed with price hitting 1922 with EMA5 breaking and closing above 1922 leaving a target open for 1935, we also have 1922 broken down with EMA5 leaving a target to 1906 again, TARGETS open both ways. Two gaps left open to fill, 1906 being the most recent and current active gap.
The more significant challenge for us to keep an eye on is a break below 1906 with EMA5. This will open 1888, which opens the lower range, changing the Bullish structure. The range shift has happened but driven by news and FOMC, therefore it is too early determine a change in the Bullish structure, however a break below 1906 will change our plans to buy dips and we will look to start shorting from spikes.
Our 4H chart has already started shaping up with a Bearish setup with SWING range and level identified. See below;
As always we will keep you all updated with any changes to our plans and we hope you find our open transparent sharing and reviewing of changes to our ideas helpful. 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 movement down to start the day with any buys taken from the top would have had stops taken to then range manage and take entries from the Bottom. We took trades strategically from the bottom, at the right opportunity to manage any buys taken from the top.
We can see the 4H chart swing range 1948 was respected and price remains above this to maintain the Bullish structure.
1H CHART
The 1H chart swing range is at 1935 and therefore we will wait for this movement to finish before committing to stronger buys. 1935 and below may be tested, as there is room for this push down, as the MA's are gearing up for this push. We will take signals both way should they activate. But for now it will be best for us to observe and let this move play out
There is not much change in the setup, as we remain above 1935 and whilst we had movement down we must always zoom out to review the chart to really see if much has changed in terms of the structure. My plan is to continue to buy dips but will wait for this movement to exhaust before resuming these plans.
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 UPDATE- LEVELS & TARGETS FOR THE WEEKHey Everyone,
We had an awesome finish to the week taking exits on the buys at 2006 Goldturn and then we had a rejection, which saw price retrace down to the full swing range at 1958, see below;
The swing range gave another opportunity to buy at 1958 for exit before the next Goldturn at 1979 close to 200 pip movement. My trading plan on the chart together with the strategy to only buy 20 to 30 pips at a time always gives the opportunity to avoid getting stuck in the swings and always allowing better and safer entries strategically sitting behind the trend allowing me to capture without getting stuck. This skill I have acquired over time and requires a good trading psychology and stamina to wait patiently for these sweet entries.
We remain Bullish and whilst we had some movement down, we just need to zoom out of the charts to see the Bullish structure, please see below;
This zoomed out 1H chart setup shows the clear Bullish structure and trend and the current swings fall within the Goldturn trendline. This charts also shows room for retracement down to 1969, which we will keep in mind while takin buys from support levels or signals.
End of week retracement down has bought us back into the price range of 1958 to 2006. Therefore we have moved our swing range down to 1935 for good measure to be able to manage the swing below the range. Due to the volatile market conditions this will help us to manage any premature exits and SL hunting and will allow me to risk manage the movement within these extended boundaries outside the range. Any tests on these strong support levels will allow me to take 20 to 30 pip buys and get out safely even if the volatility pushes the price against our anticipated direction.
We have an immediate TARGET of 1995 , which was activated with the EMA5 Goldturn break and close above 1979. Lets see how this plays out. Please note I will be observing both the immediate retracement level 1969 and swing range of 1935 throughout the week, as part of my risk/money management.
As always, we will keep you all updated with any changes to our plan and targets. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
$ENSV Next Target PT 9.90 and higher...Long term PTs 20-60 Enservco 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 - Market UPDATEHey Everyone,
Another BOOOMING day for us catching the buy from the 1970 dip. We caught the Buy from the 1979 Goldturn level, when it created the Goldturn above 1978. This gave us the confirmation for support, together with our setup and plans to buy dips. This played out beautifully! This was banked at 2006 followed with plenty of scalping between 1995 and 2006.
We have always mentioned how we let the price play out first and then we use the Blueprint with updated Goldturn levels to catch the movement and trade it in levels, allowing us to use the updated Goldturns for entries and exits. We have now updated the H1 Goldturn levels for intra-day trading.
2006, 2019 and 2038 are the next Bull targets with a swing range of 1958 to risk manage.
4H CHART
Our 4H chart is playing out perfectly with a nice buy we took from 1982 to 2000, as part of our plans to buy dips with a catch of 30 to 40 pips at a time. This allowed us exits without getting stuck in swings. We have a swing range of 1948 on the 4H chart to risk manage for now.
As always, we will keep you all updated with any changes to our plans. Please don't forget to like, comment and follow to support us. We really appreciate it and the likes and comments are not going unnoticed, Thank you!
GoldViewFX
XAUUSD TOP AUTHOR
$CRDO ready to move higher after a great ER?* New IPO with a strong up trend even in this market
* Great earnings report
* Sector: Technology - Communication Equipment
* Relative Strength vs. Sector: 2.62
* Relative Strength vs. SP500: 4.18
* U/D Ratio: 1.07
* Base Depth: 28.05%
* Distance from breakout buy point: 0.31%
* Volume 66.03% above its 15 day average.
* Bullish candle with high volume with a great ER
Trade Idea:
* Now's a great time to enter as the price is just above the breakout level.
Gold longs for Asian session. I have a nice intraday set up for gold right now after price broke structure creating a new low and also took out some nice sell side liquidity on HTF. I’m expecting a nice rally back into 2000 before we head lower maybe for London session. Once price reaches the supply zone level I will be looking for a sell signal. Thanks for watching
GoldViewFX - MARKET UPDATEHey Everyone,
Another awesome day of pip collecting for us. We took buys behind the movement and sell signals down, as per the chart we posted yesterday. The reason why we always take 30 to 40 pips at a time, it helps us to get out early to avoid longer swings and not get stuck by stretching out a target. We always over compensate. This is why we always display the swing range, as it helps us to keep in check.
We expected another challenge to 2060 (WE GOT 2059), just beautiful, followed with some retracement, which we are seeing now. The rejection at 2059 followed with a deeper retracement but still within the swing range. The structure remains Bullish so we are picking up buys but scalping until we see Goldturn created above a previous days Goldturn, which will give us more confidence in jumping back on the Bull. We have a swing range to 1948, which we need to keep an eye on, as we can see EMA5 challenging 2000 Goldturn level and EMA5 about to cross MA21. If this cross happens, we can potentially see 1926, before we jump back on the Buys!
We are letting the price get comfortable in this range for a blueprint for us to follow. Just like we said the 2060 Goldturn was re-challenged again and we were able to catch it safely on the retest. As always we will keep you all updated with any changes to our plans and setups.
We will update the hourly levels and analysis tomorrow before the US session, which will give us enough data to identify some new targets.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR