GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out with our ema5 lock confirmation level to level.
After competing Bullish n target 2950 earlier this week we confirmed the rejection with no lock opening all our bearish targets. After competing 2927 and 2903 bearish target we confirmed that if we see a ema5 cross and lock below 2903 the swing range will open, failure to lock below 2903 will confirm the bounce.
- Yesterday No lock below 2903 confirmed the rejection and gave the bounce like we stated and today we got the mea5 lock below 2903 opening the swing range.
- JUST PERFECT LEVEL TO LEVEL ACTION!!
We still have room for the full swing range test and will use ema5 lock on each weighted level to confirm the next range. We are also seeing each of our weighted level giving the clean 30 to 40 pip bounces as analysed.
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
2950 - DONE
EMA5 CROSS AND LOCK ABOVE 2950 WILL OPEN THE FOLLOWING BULLISH TARGET
2969
EMA5 CROSS AND LOCK ABOVE 2969 WILL OPEN THE FOLLOWING BULLISH TARGET
2986
EMA5 CROSS AND LOCK ABOVE 2986 WILL OPEN THE FOLLOWING BULLISH TARGET
3006
BEARISH TARGETS
2927 - DONE
EMA5 CROSS AND LOCK BELOW 2927 WILL OPEN THE FOLLOWING BEARISH TARGET
2903 - DONE
EMA5 CROSS AND LOCK BELOW 2903 WILL OPEN THE SWING RANGE
SWING RANGE
2884 (DONE) - 2861
EMA5 CROSS AND LOCK BELOW 2861 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2841 - 2820
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
Tradingideas
GOLD ROUTE MAP UPDATEHey Everyone,
Please see update on our 1h chart route map still playing out, as analysed
After competing our Bullish target earlier this week followed with the Bearish target, we stated yesterday that no ema5 cross and lock above 2950 confirmed the rejection above and into our bearish target 2927, and if we see a ema5 cross and lock below 2927 then the swing range will open, failure to lock below 2927 will confirm the bounce.
- No lock below 2927 confirmed the rejection at support for the weighted level bounce, as analysed and therefore no swing 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
2950 - DONE
EMA5 CROSS AND LOCK ABOVE 2950 WILL OPEN THE FOLLOWING BULLISH TARGET
2969
EMA5 CROSS AND LOCK ABOVE 2969 WILL OPEN THE FOLLOWING BULLISH TARGET
2986
EMA5 CROSS AND LOCK ABOVE 2986 WILL OPEN THE FOLLOWING BULLISH TARGET
3006
BEARISH TARGETS
2927 - DONE
EMA5 CROSS AND LOCK BELOW 2927 WILL OPEN THE FOLLOWING BEARISH TARGET
2903 - DONE
EMA5 CROSS AND LOCK BELOW 2903 WILL OPEN THE SWING RANGE
SWING RANGE
2884 - 2861
EMA5 CROSS AND LOCK BELOW 2861 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2841 - 2820
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
JOURNAL FOR MGC1!Today I placed two trades on MGC1! my first entry was a sell scalp which was strictly a technical entry and the second was the buy back up because it goes with the bias of gold being bullish, and inflation fears, so for each trade Ive wait on a area of consolidation (order block) then wait on a break out in this case after that impulsive move to the downside on gold I waited for an area of support to form with rejections of pushing lower at this point an order block should start forming, I tend to get a better structure of an order block forming on the 5min, once a bullish engulfing to print above the last high then I take the trade, today I had no draw down my entry was precise!
Strength on HPQ ChartHP Inc., stock approaches the bottom of the sideways channel (black horizontal lines) from which it may bounce again.
During the May 29, 2024 bar, professionals bought (blue rectangle), and since then, whenever the price reached this zone, they were buying more.
It should be noted that the buying around the bottom of the sideways is much bigger than the selling around its top which is bullish behaviour. Wyckoff's Spring on the recent activity adds to strength too. Another good sign for bulls is the decreasing volume on the down move, which indicates an absence of professional interest in lowering prices.
The testing process is ongoing as of today. If the price reaches the buying zone and no supply reappears, there is a big probability for a move up towards $37.30 - $ 39.29 with minor resistance around $34.62 - $34.72.
If supply reappears and the price breaks the bottom of the sideways channel ($32.41) we may see another leg down to $29.00 - $30.00 for more buying.
Gold price analysis February 26⭐️Fundamental analysis
Gold prices rose sharply in the middle of the week thanks to weak US economic data, causing the USD and bond yields to weaken. Concerns about tariffs with Canada, Mexico and the risk of a trade war helped gold maintain its upward momentum.
However, gold prices may face difficulties as the USD recovered slightly after the US House of Representatives passed a budget plan, supporting Trump's tax policy. The US-China meeting on tariffs also restrained the increase, but risk aversion still boosted the demand for safe-haven gold. Investors also followed the speech of Fed officials for more signals about the market.
⭐️Technical analysis
Gold prices unexpectedly increased in the Asian session with the force pushing back to the breakout zone of 2930. The price range of gold has been noted on the chart with the small range of 2892-2942 and the large range of 2868-2978. Gold closing below 2912 will signal a Downtrend and head towards the lower band. On the other hand, Gold's upward path faces more resistance around 2921 and 2930.
XAUUSD BEFORE & AFTER READ IN CAPTION XAUUSD (Gold)* with key levels marked for potential trades. The price has recently touched the *support zone* around *2,867.378*, which could offer a buying opportunity. The *resistance* is at *2,920.364*, and the *retest area* is highlighted, suggesting a potential move up if the price bounces from the support. Watch for price action near the *support* for entry and target the *resistance* for potential gains
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our route map is providing perfect level to level guidance for us on this chart idea.
Yesterday we stated that we got our first bullish target at 2950 and that we will need to see ema5 cross and lock above 2950 to open the range above or failure to lock above will see price reject for a test on the lower Goldturn at 2927 to complete the bearish gap.
- This played out perfectly with no ema5 cross and lock above 2950 confirming the rejection and into our bearish target 2927 just like we said. We were able to capitalise on the bounces inline with our plans to buy dips on all the weighted levels. We are now seeing price in the retracement range will need to see a lock below this level for a continuation into the swing range or failure to lock will see another push up.
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
2950 - DONE
EMA5 CROSS AND LOCK ABOVE 2950 WILL OPEN THE FOLLOWING BULLISH TARGET
2969
EMA5 CROSS AND LOCK ABOVE 2969 WILL OPEN THE FOLLOWING BULLISH TARGET
2986
EMA5 CROSS AND LOCK ABOVE 2986 WILL OPEN THE FOLLOWING BULLISH TARGET
3006
BEARISH TARGETS
2927 - DONE
EMA5 CROSS AND LOCK BELOW 2927 WILL OPEN THE FOLLOWING BEARISH TARGET
2903 - DONE
EMA5 CROSS AND LOCK BELOW 2903 WILL OPEN THE SWING RANGE
SWING RANGE
2884 - 2861
EMA5 CROSS AND LOCK BELOW 2861 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2841 - 2820
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
Berkshire Soars to New Heights: Q4 Results Smash Records◉ Q4 Result Highlights:
● Berkshire Hathaway reported record operating earnings of $14.5 billion, driven by higher interest rates and a strong performance in its insurance business.
● Insurance investment income soared by 48% to $4.1 billion.
● The company's cash reserves hit an all-time high of $334.2 billion, reflecting Warren Buffett's cautious yet strategic approach to investments in a volatile market.
● Net earnings for Q4 2024 stood at 19.7billion ,down from 19.7billion, down from 37.6 billion in Q4 2023, primarily due to lower gains from its investment portfolio.
● Book value per share rose by 1% sequentially and 16% year-over-year, reaching $451,507, underscoring the company's consistent value creation.
◉ Technical Observations:
● The stock is currently in a strong uptrend, consistently achieving higher highs and higher lows.
● After a period of consolidation, the price has broken out decisively and is now trading at all-time highs.
● This bullish momentum is expected to continue, potentially driving the stock price even higher in the near term.
Strength on PCAR stock Paccar Inc. stock looks strong. We can see that since October 2024, the largest volume occurred after publishing earnings reports or on ex-dividend dates. Please note that:
- All bars on those days are down with the closing price in the middle of the bar which in Volume Spread Analysis (VSA) indicates strength.
- The volume on the October 22nd 2024 daily bar is the largest till now and the current price is above it.
- All professional activity after October 2024 is happening around the buying zone created during the October 22nd bar (blue rectangle $104.38 - $104.91).
- Recent buying (February 12th) breaks the previous low ($102.64) and recovers above that level which is a Wyckoff's Spring.
This all is very bullish. Still, the last testing showed the presence of supply.
If professionals can absorb the supply, we may expect a rally towards $116.01 - $117.83 with potential resistance in the $112.18 - $114.73 zone. Otherwise, another leg down to $100.01 for more buying is possible.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed.
We started with our first bullish target at 2950 complete. We will now need to see ema5 cross and lock above 20=950 to open the range above. Failure to lock above will see price reject for a test on the lower Goldturn at 2927 to complete the bearish gap.
We will see levels tested side by side until we see either weighted level 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
2950 - DONE
EMA5 CROSS AND LOCK ABOVE 2950 WILL OPEN THE FOLLOWING BULLISH TARGET
2969
EMA5 CROSS AND LOCK ABOVE 2969 WILL OPEN THE FOLLOWING BULLISH TARGET
2986
EMA5 CROSS AND LOCK ABOVE 2986 WILL OPEN THE FOLLOWING BULLISH TARGET
3006
BEARISH TARGETS
2927
EMA5 CROSS AND LOCK BELOW 2927 WILL OPEN THE FOLLOWING BEARISH TARGET
2903
EMA5 CROSS AND LOCK BELOW 2903 WILL OPEN THE SWING RANGE
SWING RANGE
2884 - 2861
EMA5 CROSS AND LOCK BELOW 2861 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2841 - 2820
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 DAILY CHART MID/LONG TERM UPDATEHey Everyone,
This is an update on our daily chart idea that we are now tracking and playing out perfectly, as analysed.
2904 AXIS target was hit previously completing this level and also into the channel top for the perfect finish and rejection.
We then stated that we now 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.
- This is playing out perfectly, we got the cross and lock but the channel top is acting, as resistance but we are slowly ascending with the channel for the 2959 gap, which just fell short buy a few pips but we were able to take over 200 pips clean.
We also need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips.
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 use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
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.
Previously we stated that 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 and ema5 was still yet to lock but we still got a nice push up over 700 pips.
This is still the case with EMA5 yet to lock, however last weeks body close still gave us the confirmation for the push up with another run over 500 pips. The full long term gap still remains open. Once again we prove the safest way to chase this Bull in this range is from dips.
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
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.
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
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 🫴
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