Muthoot Finance Long Trade on 15m Time Frame: Trade in ProgressA long entry was initiated at 1927.05 on the 9th of October at 10:15 am. The price is nearing Target 1 (1963.50) and remains on track for further movement towards the upper targets. We have now set a trailing stop at 1928.50 to lock in gains and manage risk.
Target Points:
TP 1: 1963.50 (close to being hit)
TP 2: 2022.50
TP 3: 2081.50
TP 4: 2117.95
Trailing Stop: 1928.50
Stop Loss (SL): 1897.55
We'll keep a close eye on this position as it progresses towards the remaining targets.
Tradingideas
Gold analysis at the beginning of the weekGold has reacted at the retest support zone and given a Buy signal after the Gap. Congratulations to those who have learned about price Gaps and buy signals. Gold prices may return to a strong uptrend after the retest at the beginning of the week. Today is a bank holiday for some important currency pairs, so the currency market may be gloomy and investors will focus more on Gold.
Note SELL scalping 2660 Asian and European session
GBPUSD / BETWEEN DEMAND ZONE AND FVG / 4HGBPUSD / 4H TIME FRAME
HELLO TRADERS
Prices are moving towards a demand zone located between 1.306 and 1.300. In technical analysis, a demand zone represents an area where buyers are likely to step in, potentially pushing prices higher.
After hitting the demand zone, the expectation is that prices will rise towards the FVG area between 1.313 and 1.324 , The FVG (Fair Value Gap) area is often a price gap left on the chart that may get filled in the future, typically considered a point of interest where the price might reverse or stall.
Once the price hits the FVG area, the text anticipates that it will fall back to the demand zone (1.306–1.300) and potentially drop below this zone to the target demand zone between 1.286 and 1.281. This suggests the overall sentiment is bearish in the longer term after a short-term rise.
• Initial Demand Zone: 1.306–1.300 (current support).
• FVG Area: 1.313–1.324 (temporary resistance).
• Target Demand Zone: 1.286–1.281 (final expected support level).
NAS100USD / UNDER FOMCE PRESSURE / 4HNAS100USD / 4H TIME FRMAE
HELLO TRADERS
Range , Between 20,209 and 20,356 , This range represents a resistance or supply zone , where selling pressure is likely strong. The market is “processing” this zone, meaning it is trading within these boundaries, with no clear breakout above or below yet.
The mention of “prices under bearish pressure” indicates that the market is leaning towards a decline rather than an increase. This means sellers are dominant, and there could be downward price movement unless key levels are broken.
The Federal Open Market Committee (FOMC) speech is mentioned as a key event that could influence the market. FOMC meetings and speeches are important as they provide insight into the Federal Reserve’s economic policy, which often impacts market sentiment and price action , Impact: FOMC announcements can shift the market either positively or negatively, making it a key factor to watch for traders.
Range: Between 19,578 and 19,370 , If the market fails to break out of the supply zone (20,209–20,356), it is expected to decline towards this demand zone. A demand zone indicates a level where buying pressure could increase, potentially causing a reversal or support for prices.
If the supply zone (20,209–20,356) is broken to the upside, the text suggests that prices could rise, with targets at , 20,607: Immediate potential upside target , ATH (All-Time High) 20,796: The highest price point in recent history, which would represent a significant bullish move.
Supply Zone :20,209 and 20,356.
Demand Zone : 19,578 and 19,370.
FVG : 19,223 and 18,911.
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 between two weighted levels. We have 2663 Goldturn resistance and 2654, as Goldturn support.
We currently have a gap above on market open at 2663 and below at 2654 and will need 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
2663
EMA5 CROSS AND LOCK ABOVE 2663 WILL OPEN THE FOLLOWING BULLISH TARGET
2672
BEARISH TARGETS
2654
EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET
BEARISH TARGET
2646
EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2638 - 2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2618 - 2608
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 SHORT/MID TERM ROUTE MAPHey Everyone,
Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.
Last week we highlighted our long range gap above at 2690, as we had ema5 cross and lock above 2645 opening 2690. We also stated that the daily chart averages are lagging so sometimes gaps get filled before ema5 confirmation, in which case candle body close gaps are suffice. On this occasion we have the ema5 lock.
We got the candle body clos below 2645 opening the retracement range. This was hit perfectly and also provided the weighted support bounce inline inline with our plans to buy dips knowing we have a long term gap target above.
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.
Our long term bias is Bullish and therefore we will 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
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 3 weeks.
Last week we stated that we have a detachment to ema5 below, also inline with the channel top for a possible re-test for a correction and that we had some of this correction but not the full attachment to ema5.
- This correction was now complete by touching ema5 and followed with the bounce, as the channel top provided the support like we stated perfectly inline with our plans to buy dips.
As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 our long range AXIS TARGET.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 4H chart for another PIPTASTIC finish to the week. Our plans to buy strategic dips played out perfectly using our levels
We got the 2640 test earlier this week, followed with a cross and lock opening the retracement range. Retracement range at 2610 was hit perfectly with no lock confirming the rejection for support. The weighted support gave the bounce into 2640, as highlighted by our arrow on the chart idea for the weighted bounce.
We now have the break above 2640 and heading towards our bullish target at 2669. for the finish.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
BTC BIG PICTURE One of the lagre picture that I am following in the coming months. Everyone expects 100k, which is possible because you see targets 1 and 1,618, but since the first wave was impulsive, I don't believe it will have a big extension.
Targets 74k and 95k until the price tells me otherwise. As for the smaller tf, I will comment below
First look at the smaller time frame , I expect price to make 3-3-3-3-3 and confirm the final diagonal.
Another view is that this move has already started its third impulsive wave. Disability zones 62k-63k where I will know which side it will go after price test those levels
GOLD ROUTE MAP UPDATEHey Everyone,
Great day on the chart today, allowing us to continue to buy dips inline with our plans.
We now have an extended range to buy dips, as the swing range is open from the ema5 break below 2611. However, currently we are seeing a nice push up, heading towards completing the bounce from the retracement range to 2633, as highlighted on the chart.
We will now keep in mind the extended range due to swing range lock, managing risk and range when buying 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
2655 - DONE
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2674
BEARISH TARGETS
2633 - DONE
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2611 - DONE
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE
SWING RANGE
2586 - 2558
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
EURUSD / UNDER FOMC PRESSURE / 4HEURUSD / 4H TIME FRAME
HELLO TRADERS
The price has declined by 60% after breaking out of a channel .
Currently, the price is approaching a demand zone between 1.093 and 1.091. This zone is where buyers may step in, stabilizing the price.
If the price stabilizes within this demand zone, it is expected to bounce up to the FVG between 1.098 and 1.102. The FVG represents a gap in the price where there was little trading, which often acts as a price target for retracement.
If the price breaks through the FVG, it could rise further, targeting the supply zone between 1.105 and 1.108, where sellers may re-enter the market and apply downward pressure.
On the downside, if the price fails to hold in the demand zone (1.093 to 1.091), it may decline further to another liquidity or demand zone around 1.088, where buying interest could once again materialize.
Supply Zone : 1.105 and 1.108.
Demand Zone : 1.093 and 1.091.
FVG : 1.098 and 1.102.
USDJPY / TRADING ABOVE DEMAND ZONE AND FVG / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Current Price Action , Prices are currently trading below the supply zone between 148.623 and 149.360 , The next target seems to be the demand zone (A) between 147.164 and 146.062.
Potential Outcomes , If prices reach the demand zone (A) and hold above it, a bullish reversal may occur, potentially pushing prices back toward the supply zone ,If prices break below demand zone (A), they may drop to the Fair Value Gap (FVG) zone (B) between 145.321 and 144.268.
Further Movements , If prices stabilize below zone (B), the next targets would be zone (C) around 142.817 and further down to 141.801 , Conversely, if prices stabilize above demand zone (A), it indicates potential upward momentum, aiming back toward supply zone 148.623 to 149.360.
Supply Zone : 148.623 and 149.360.
Demand Zone : 147.164 and 146.062 , 142.817 and 141.801.
FVG :145.321 and 144.268.
XAUUSD / BREAKOUT CHANNEL / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
You’re observing a bearish trend, meaning prices are moving downward or are under selling pressure. This could be due to various factors such as a correction after an uptrend, external market conditions, or the asset hitting resistance zones.
The Fair Value Gap (FVG) is a price range that was quickly passed through during a previous move, creating an imbalance in market orders (usually between aggressive buyers and sellers). These gaps often act as key levels of interest where prices may retrace.
FVG Resistance Zone: You have identified an FVG between $2,621 and $2,637. As long as the price stays below this range, it indicates bearish sentiment and the likelihood of further decline ,This gap can act as a resistance zone, meaning price is struggling to rise above it due to strong selling pressure in that range.
If the price fails to break above the FVG resistance zone, you expect it to continue declining, with targets at:
Demand Zone $2,604 to $2,595: This is an area where buyers previously stepped in, causing prices to rise. It acts as support and a potential reversal point. If the price reaches these levels, you expect some buying interest to potentially stabilize or reverse the trend.
However, if the price breaks below the $2,595 support level, it could signal a deeper bearish move.
If the price manages to break above the FVG (i.e., trades above $2,637), this would suggest a potential bullish reversal or upward momentum, leading to the next key levels:
Supply Zone $2,645 to $2,652, This is where sellers previously overwhelmed buyers, and price dropped. Reaching this zone could lead to consolidation or resistance unless there is enough buying power to push through.
Uptrend Confirmation , To confirm a more sustained uptrend, the price needs to break above the $2,652 level. A successful breakout here could lead to a move toward the next target of $2,664.
NZDJPY breaks 200-day SMA; downward movement imminent?The New Zealand dollar to Japanese yen currency pair (NZD/JPY) saw an uptrend on the daily chart from March 2020 to July 2024, gaining 66.58% over the four-year period.
Recently, however, the pair broke below the 200-day Simple Moving Average (SMA) on the daily chart, signaling a potential trend reversal. The 200-day SMA, which had served as support for four years, now appears to be acting as resistance.
Additionally, the NZD/JPY formed a double top, indicating that buyers were once more unable to push the price above the 92.00 mark. This double top region coincides with the 50% level of the bearish Fibonacci.
Upward trend in NZDJPY driven by RBNZ-BOJ interest rate differential
The strong upward trend had been driven by the interest rate differential between the New Zealand dollar and the Japanese yen.
New Zealand, like many countries around the world, slashed interest rates during the COVID-19 pandemic to stimulate its economy. However, as the economy began to recover, the Reserve Bank of New Zealand (RBNZ) moved to raise rates to control inflation and avoid rampant price increases.
With inflation now under control, the RBNZ has started cutting rates, with yesterday marking the third consecutive cut, as the central bank reduced New Zealand’s key interest rate from 5.25% to 4.75%.
Japan, on the other hand, followed the opposite path, keeping its interest rate below 0 while other countries raised borrowing costs to control inflation — which is why the JPY has depreciated so much in recent years.
However, in its most recent meetings, the Bank of Japan (BOJ) — Japan’s central bank — changed its stance and raised interest rates for the first time since 2016.
With New Zealand’s interest rate declining and Japan’s interest rate increasing, there is potential for a medium-term devaluation of the NZD against the JPY.
Downward movement in NZDJPY possible in coming months
From a technical perspective, the following factors are at play:
1. Break of the uptrend on D1.
2. The 200-day SMA, which previously acted as support, is now serving as resistance.
3. A double top has formed on the daily chart.
4. The 50% Fibonacci region is bearish.
Considering these technical factors and the diverging monetary policies of the central banks in Japan and New Zealand, a downward movement in NZD/JPY is possible in the coming months.
If the price manages to break below 89.75, it is possible that it will fall to the 86.70 region in a few days.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today with our analysis playing out once again.
We got the Bullish target hit yesterday at 2655 and then no ema5 cross and lock above the level confirmed the rejection.
Today we got our Bearish target at 2633 hit, which also gave us the weighted level bounce inline with our plans to buy dips safely for 30 to 40 pips. Followed with a break below 2633 completing the retracement range at 2611 in true level to level fashion.
We will now look for support above here for e re-test at 2633 or a cross and lock below 2611 will open the 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
2655 - DONE
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2674
BEARISH TARGETS
2633 - DONE
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2611 - DONE
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE
SWING RANGE
2586 - 2558
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
BITCOIN / UNDER BULLISH PRESSURE / 1HBITCOIN / 1H TIME FRAME
HELLO TRADERS
Overall Bullish Pressure , The market is expected to generally favor upward movement.
Key Resistance Level - 62,413 , If Bitcoin remains below this level, it indicates potential bearish momentum, pushing the price toward a demand zone between 61,251 and 60,717. A break below this zone could signal further declines.
KeySupportLevel62,413 , Conversely, if Bitcoin trades above 62,413, bullish momentum is expected, with the price potentially rising to an FVG (Fair Value Gap) area between 63,077 and 63,557.
Further Upside , A break above the FVG area could see the price rising into the supply zone between 63,889 and 64,165, where selling pressure may increase.
Supply Zone : 63,889 and 64,165.
Demand Zone : 61,251 and 60,717.
FVG : 63,077 and 63,557.
NAS100USD / UNDER DOWNWARD PRESSURE / 1HNAS100USD / 1H TIME FRAME
HELLO TRADERS
Price Range Observation , The asset is currently moving within a tight range between 19.908 and 19.651. This range suggests a short-term consolidation or indecision in the market, where neither buyers nor sellers are dominant.
Tight trading ranges often precede a breakout, either upwards or downwards, depending on key factors like volume, momentum, and news.
Attempt to Enter the Fair Value Gap (FVG) ,The price is attempting to move into the Fair Value Gap (FVG), a region between 19.910 and 20.078. This area represents an imbalance created by previous fast price action, typically due to market inefficiencies, and traders often look for price to revisit these gaps to either confirm a reversal or fill the gap.
As long as the price trades below 19.998 within this FVG, there’s a tendency to decline. This indicates that 19.998 acts as an important resistance.
Traders may look for short positions if the price remains below this level, anticipating a potential drop.
Potential Decline to Demand Zone , If the price remains under the key resistance level of 19.998, the analysis suggests a downward move toward the demand zone between 19.743 and 19.701 , This demand zone is likely an area where buyers previously showed strength, and there’s a chance that it could serve as a support level again. If buyers step in here, the price may stabilize or rebound.
Bullish Breakout Scenario . If the price breaks above 19.998 and closes a 4-hour candle above this level, it indicates the possibility of a bullish breakout. The break above resistance signifies a potential shift in momentum.
The next target would be the supply zone between 20.078 and 20.155, which is where sellers may start to exert pressure. Traders might expect profit-taking or a reversal in this area.
Overall Sentiment , Downward Pressure: The overall sentiment remains bearish, and the market is facing downward pressure unless the price successfully breaks above key resistance levels.
Caution for Bullish Traders , Bullish traders need to wait for clear confirmation of a breakout above 19.998 before entering long positions to avoid false signals.
Supply Zone : 20,078 and 20,155
Demand Zone : 19,743 and 19,701
FVG : 19,910 , 20,078
XAUUSD / TRADING ACCUMULATION ZONE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Zone A (2,659$ - 2,653$) , The price is currently attempting to stabilize within this range.
If stabilization occurs, it suggests a potential breakout to reach the demand zone (2,631$ - 2,623$).
Demand Zone (2,631$ - 2,623$) , If the price breaks below Zone A, this demand zone is the next target , A breakout from this zone could lead to a rise towards Zone B.
Zone B (2,664$ - 2,672$) , If the price breaks into Zone B, remaining stable suggests a potential decline back to Zone A and possibly lower to the demand zone , However, if the price breaks above Zone B, it may aim for Zone C.
Zone C (2,681$ - 2,685$) , A breakout above Zone C could lead to further increases, but stabilization here may result in a decline back to Zone B or lower to Zone A.
Historical Zone (2,700$ - 2,710$) , Breaking the key resistance levels could indicate a move towards this new historical range, suggesting bullish sentiment.
Supply Zone : 2,659$ - 2,653$ , 2,664$ - 2,672$ , 2,681$ - 2,685$.
Demand Zone : 2,631$ - 2,623$.