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GOLD DAILY CHART UPDATEHey Everyone, Another ranging day on the charts today, which works perfectly with our strategy and plans to buy dips, as we are able to continue to use the weighted level to take the bounces. Please see the daily chart update, to give you all an overall view of the range. We are playing between two weighted levels 2629 and 2686. 2629 is still providing support with no ema5 lock below. This is allowing us to use our smaller timeframe analysis on the 1H 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, 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
OANDA:XAUUSD
by Goldviewfx
16
CPRX Growth Stock with Favorable UpsideCatalyst Pharmaceuticals, Inc. ( NASDAQ:CPRX ): Growth Stock with Favorable Upside Trade Setup: - Buy Price: $21.31 - Stop-Loss: $19.31 - Take-Profit Targets: - TP1: $25.32 - TP2: $30.22 Rationale: Catalyst Pharmaceuticals is a commercial-stage biopharmaceutical company focusing on innovative therapies for rare neurological diseases. The company's solid revenue growth and market position in niche segments offer a compelling reason for potential upside. Financial Performance: - In Q3 2024, the company reported **revenue of $128.7 million**, a **25.3% increase year-over-year**, driven by strong demand for their lead product, FIRDAPSE®, and the successful U.S. launch of AGAMREE®. - Net income improved to **$45.6 million**, compared to $35.2 million in the same period last year. Analyst Ratings: - Catalyst Pharmaceuticals has a consensus **"Strong Buy" rating** from analysts. - The average price target is **$31.14**, suggesting a potential upside of approximately 46% from the current price. Volume and Market Dynamics: - Short interest sits at around **7.47%**, signaling moderate bearish positioning but also potential for a short squeeze if bullish momentum builds. - Trading volumes have shown steady growth, reflecting increased investor interest. Risk/Reward Analysis: With a stop-loss at $19.31, the risk is approximately **$2 per share** from the entry price. The first take-profit target offers a reward of **$4 per share** and the second target extends it to **$9 per share**, creating a favorable risk-to-reward ratio of **1:2** and **1:4.5**, respectively. Conclusion: Catalyst Pharmaceuticals presents a balanced opportunity for growth-oriented traders. While short interest and volatility indicate some risk, strong financial performance and favorable analyst targets provide confidence in the stock’s potential. When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NASDAQ:CPRXLong
by SiriusTrading
Gold "trembling" waiting for US employment dataGold (XAU/USD) continued to fluctuate in a narrow range on Thursday morning, supported by geopolitical risks such as the Russia-Ukraine conflict, trade war concerns and political instability in France and South Korea. A weak US dollar also contributed to keeping gold prices high. However, expectations of the Fed maintaining a tight monetary policy, along with a slight increase in US bond yields, are limiting gold's upside. Comments from Fed Chairman Jerome Powell kept investors cautious, waiting for the US Non-Farm Payrolls (NFP) report on Friday. Personal opinion: This week’s break below the multi-day ascending channel signals bearish momentum, but neutral oscillators on the daily/4-hour charts suggest waiting for a break below the $2,630 support before positioning for further losses. A subsequent decline could drag prices toward $2,622-$2,621 and potentially to $2,600. On the upside, $2,655 remains the immediate hurdle, followed by $2,666. A sustained move above $2,678 could pave the way toward the $2,700 mark, but strong resistance around $2,721-$2,722 might cap gains. A decisive break beyond this level could shift the trend in favor of buyers and trigger meaningful upside momentum. Pay attention to price range: BUY ZONE: 2640 - 2638 SL: 2633 BUY ZONE: 2634 - 2632 SL: 2627 SELL ZONE: 2655 - 2657 SL: 2662
OANDA:XAUUSDLong
by Chana-Trading
GOLD ROUTE MAP UPDATEHey Everyone, Once again our chart idea delivered the goods with our weighted retracement level providing support and bounce like we highlighted. We were once again able to buy dips inline with our plans with the movement from 2631 to 2647. However, now we have ema5 cross and lock above 2647 opening the range above. We have been in a similar play range all week with both ranges below and above now left open. This is typical of ranging market conditions and as always our strategy to buy dips from our weighted levels allows us to navigate the traps and secure the pips. Our lower weighted levels are in place for bounces inline with our plans, should we see a failure to fill the gap above and see a drop below. 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 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696 EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713 EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733 BEARISH TARGETS 2647 - DONE EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 - DONE EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE SWING RANGE 2609 - 2592 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
OANDA:XAUUSD
by Goldviewfx
11
NAS100USD / TRADING UNDER SUPPLYZONE / 4HNAS100USD / 4H TIME FRAME HELLO TRADERS Downward Pressure: Prices are currently trading under a bearish (downward) trend. Supply Zones , Between 20,860 & 20,920 and 21,037 & 21,112: These zones are acting as resistance levels where selling pressure is high, preventing prices from rising further. Demand Zone , Between 20,559 & 20,354: This is identified as a support level where buying interest might increase, potentially halting further price decline. Possible Scenarios: If prices remain below the supply zones, further decline toward the demand zone is expected , If prices break above the supply zones, it suggests an increase toward ,The all-time high (ATH) around 21,260 , A strong supply zone between 21,175 & 21,260. Overall Outlook , The text emphasizes the bearish trend unless resistance levels are broken.
OANDA:NAS100USDShort
by ArinaKarayi
7
Gold “sideways” ahead of important Fed speechGold prices (XAU/USD) maintained a positive trend for the second consecutive day on Wednesday but remained confined within a familiar range. Investors appeared cautious, awaiting clearer signals on the Federal Reserve’s (Fed) rate cut trajectory before making decisions. The focus now shifts to Fed Chair Jerome Powell’s speech later today and the U.S. Non-Farm Payrolls (NFP) report on Friday. These events will significantly impact monetary policy decisions and the short-term outlook for gold. Personal opinion: Recently, prices have been trading in a narrow range, signaling a consolidation phase after last week’s downtrend. The recent break below the four-day ascending channel supports the bears, but any drop below $2,622-2,621 could find solid support near $2,600. On the upside, the $2,655 and $2,666 levels are immediate resistance. A break above $2,678 could push prices toward the $2,700 mark. However, a sustained move beyond the strong resistance zone at $2,721-2,722 is needed to open the door for significant gains. Pay attention to price range: SELL ZONE: 2655 - 2657 SL: 2672 BUY ZONE: 2637 - 2635 SL: 2630 BUY ZONE: 2627 - 2625 SL: 2620
OANDA:XAUUSDLong
by Chana-Trading
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today, allowing us to continue to track and trade our route map. Playing in a tight range today and therefore not much update needed from yesterday. We are in a similar play range, as price is still within the retracement range, allowing us to buy dips into 2647. We need a ema5 cross and lock above 2647 for a continuation above. Our lower weighted levels are in place for bounces inline with our plans to buy dips, should we see a failure to lock above and see a drop below. 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 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696 EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713 EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733 BEARISH TARGETS 2647 - DONE EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 - DONE EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE SWING RANGE 2609 - 2592 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
OANDA:XAUUSD
by Goldviewfx
28
XAUUSD / TODAY REMAIN DEMAND ZONE EXPECTED TO INCREASE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS The price has declined and hit a profit target of +455 pips, indicating a successful trade. Prices are now trading above a demand zone between $2,627 and $2,611 , This implies strong buyer interest in this range, providing support. If the price remains above the demand zone, it suggests a likely increase to a supply zone between $2,695 and $2,720 , This reflects a potential upward trend driven by continued buying pressure. If the price breaks below the demand zone, further declines are expected , The next identified demand zone is between $2,595 and $2,585, where buyers may step in again.
OANDA:XAUUSDLong
by ArinaKarayi
10
Market News Report - 01 December 2024After weeks of dominance, the dollar finally took a backseat. The Japanese yen was among the most bullish forces. It found strength against markets like CAD and AUD, aligning with its bullish fundamentals. Let's explore if there are notable changes in our latest market news report. Market Overview Below is a brief technical and fundamental analysis breakdown for all major currencies. US dollar (USD) Short-term outlook: weak bearish. The Fed recently cut the interest rate by 25 basis points (bps) from 5.00% to 4.75%. While labour data was down recently, this was mainly due to the impact of US hurricanes and labour disputes with Boeing. While some mildly positive economic data exists, the bearish bias remains for USD, with short-term interest rate (STIR) market pricing indicating a 67% chance of a 25 bps cut in December. Still, FOMC minutes last week suggest the Fed remains data-dependent. Keep an eye on the new Non-Farm Payrolls and unemployment announcement on Friday. While the Dixie is still quite bullish, it retraced slightly from the new key resistance at 108.071. Meanwhile, the key support is far away at 100.157, which will remain untouched for some time. Long-term outlook: bearish. A noteworthy point about the recent Fed meeting is the removal of the line "the committee has gained greater confidence that inflation is moving sustainably towards 2 percent." Finally, Powell also clarified that the US elections won't affect their future decisions. The big takeaway is that the Fed will see how fast/far they should cut rates. Jobs data this week is key to deciding the next near-term directional move for the dollar. Euro (EUR) Short-term outlook: bearish. STIR markets were predictably accurate as the European Central Bank (ECB) cut the interest rate last month. However, they remain data-dependent on what to do in the future (although they are quite concerned about slow growth). STIR markets have indicated an 87% chance of a rate cut in December (also backed by the ECB's Stournaras). Also, we have seen weaker economic data across various European nations. Another concern is that a protectionist US policy (with Donald Trump winning the recent election) could impact trade in the Eurozone, suggesting the potential for lower growth due to tariff risks. The euro has clearly broken the key support we mentioned previously (1.07774) - the next area of interest is 1.03319. Meanwhile, the key resistance remains far higher at 1.12757. Long-term outlook: weak bearish. The latest rate cut and the avoidance of indicating a clear future move for the December meeting are among the key down-trending factors. However, any improvements in economic data (according to the ECB) would be a turnaround. The threat of a fresh trade tariff with Trump is hugely influential and may cause the euro to be sold off on tariff fears. Still, negative US moves would likely result in a pullback for EUR. British pound (GBP) Short-term outlook: bearish. The Bank of England (BoE) recently cut the bank rate from 5% to 4.75% as anticipated. The language indicates they need to be restrictive and a "gradual approach" to policy easing. Governor Bailey also highlighted that rates will probably be brought down cautiously. Despite this, we saw a slight pullback in GBP/USD. This may be in line with the BoE's slightly hawkish attitude due to recent inflationary pressures. Another contributor is the latest Consumer Price Index print, which came in hotter than expected on November 20. Like other dollar pairs, GBP/USD has looked bearish for some time. After breaching the key support at 1.26165, the next area of interest is now 1.22994. Meanwhile, the resistance target is far away at 1.34343. Long-term outlook: weak bearish. The BoE sees inflation (its main concern currently) as being stickier for longer. Bailey wishes to see it down to 2%. This is a moderately hawkish hint. Overall, inflation data (and other economic) data will be important for the British pound. Finally, STIR markets indicate an 84% chance of a rate hold by the BoE later this month. Japanese yen (JPY) Short-term outlook: bullish. The Bank of Japan (BoJ) recently kept the interest rate the same at the end of October. So, our outlook remains largely unchanged. However, a rise in USD/JPY could raise the possibility of the BoJ's intervention. At the last BoJ interest rate announcement, Ueda stated that hikes would continue if the central bank's projections weren't realised. Last week, he backed up this sentiment by saying that keeping real interest rates too long for too long would lead to higher inflation, which is a hawkish suggestion. The 139.579 support area is proving quite strong, boosting the yen since mid-September. However, there has been a noticeable retracement amid this move). Still, the major resistance (at 161.950) is too far for traders to worry about. Long-term outlook: weak bullish. The BoJ's tightening stance and inflationary pressures give the yen a bullish sentiment. The central bank wishes to avoid further JPY weakness, with Finance Minister Kato warning against 'excessive FX moves.' We should also keep an eye on US Treasury yields, as rising yields could derail JPY upside. Conversely, any declines in US yields would likely provide a major boost to the yen. Australian dollar (AUD) Short-term outlook: neutral. The Reserve Bank of Australia (RBA) kept its interest rate unchanged recently, marking the eighth consecutive hold. They emphasised that policy will remain restrictive until inflation moves toward its target. The RBA also lowered its GDP forecasts while the labour market remains tight. The dollar remains dominant against the Aussie, as AUD/USD looks to test the key support at 0.63484. Meanwhile, the key resistance level lies far ahead at 0.69426. Long-term outlook: weak bullish. While the RBA suggests that rate hikes won't be necessary going forward, it hasn't ruled anything out. Governor Bullock recently mentioned that they would act if the economy dropped more than desired. It’s crucial to be data-dependent on the Aussie, especially with core inflation as the RBA's key focus area. Also, the Australian dollar is procyclical, with particular exposure to China's geopolitics. Trump's recent win in the US election means the prospect of trade tariffs with China has increased (potentially causing headwinds for AUD). New Zealand dollar (NZD) Short-term outlook: weak bearish. The Reserve Bank of New Zealand (RBNZ) cut its interest by 50 bps to 4.25% as expected last week, the same as in October. It also signalled further reductions for early next week while remaining confident that inflation will remain in the target zone. However, risks of increased inflation volatility and relative price unpredictability remain. The Kiwi has been on a notable downward spiral, proving the strength of the major resistance level at 0.63790. NZD/USD isn't far from the key support at 0.57736, reaffirming this bearish market. Long-term outlook: bearish. Governor Orr indicated in the last RBNZ meeting that a 50 bps cut in February 2025 is possible. So, we can rule out a rate hike, more so with potential trade tariff issues between China and the United States. These can cause headwinds for NZD and AUD. Canadian dollar (CAD) Short-term outlook: bearish. The Bank of Canada (BoC) unsurprisingly delivered a 50 bps cut a few weeks ago. Further cuts remain on the cards, with the long-term target being 3%. The BoC is signalling victory over inflation due to the cuts, with Governor Macklem suggesting that they would probably cut further until they achieve the optimal low inflation. In their words, 'stick the landing.' Overall, the bias remains bearish - expect strong rallies in CAD to find sellers. While the short-term fundamental biases of USD and CAD are bearish, CAD is the weakest on the charts. USD/CAD has finally exceeded the key resistance at 1.39468. While the new target in the meanwhile is 1.41058, let's see what happens around the former area in the coming weeks. Meanwhile, the key support lies far down at 1.34197. Long-term outlook: weak bearish. Expectations of a rate cut remain the focal point, with STIR markets indicating a 67% chance of a 25 bps cut and a 33% chance of a 50 bps cut in December. The Bank of Canada has recognised the lower economic growth, and Macklem wishes to see this improve. Furthermore, any big misses in upcoming GBP, inflation, and labour data would send CAD lower. Still, encouraging oil prices and general economic data improvement would save the Canadian dollar's blushes - the opposite is true. Swiss franc (CHF) Short-term outlook: bearish. STIR markets were, as usual, correct in their 43% chance of a 25 bps rate cut (from 1.25% to 1%) recently. In the Sept. 26 meeting, the Swiss National (SNB) indicated its preparedness to intervene in the FX market and further rate cuts in the coming quarters. The October CPI was weak at 0.6% (another poor result, as for the September data). Finally, the central bank's new Chair (Schlegel) said they "cannot rule out negative rates," further stating that the SNB would be ready to implement this if needed. Still, the Swiss franc can strengthen during geopolitical tensions like a worsening Middle East crisis. USD/CHF keeps rising steadily towards the major support level at 0.83326, while the major resistance level is at 0.92244. Long-term outlook: weak bearish. The bearish sentiment remains after the last SNB meeting, while inflation is being tamed with lower revisions. We should also remember that the SNB's intervention prevents the appreciation of the Swiss franc. The new chairman is more keen to cut rates than his predecessor, Jordan. The SNB aims for neutral rates between 0 and 0.50% (currently at 1%). However, STIR markets only see a 30% chance of a 50 bps cut and 70% chance of a 25 bps cut next month. Conclusion In summary: The US dollar still remains one of the key currencies to watch, given the recent elections and Trump's potential to affect trade relations with the likes of Australia and New Zealand. However, the Japanese yen is another considerable option due to its recent bullish momentum. The US NFP and unemployment rate are the main high-impact economic events to watch for this week. Our short and long-term fundamental outlooks remain largely unchanged from the last few months. The only exception is the Australian dollar, where we have changed from 'weak bullish' to 'neutral.' As always, hope for the best and prepare for the worst. This report should help you determine your bias toward each currency in the short and long term.
TVC:DXY
by CityTradersImperium_CTI
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out, as analysed, allowing us to buy dips from our weighted level bounces. We started the day with the bearish gap below at 2647 being hit followed 2631 retracement range test at 2631 weighted Goldturn giving us over 40 pip bounce like we always state and all the way into 2647. We need to keep in mind that ema5 has also locked below 2631 leaving the swing range open. However, we are seeing the bullish Goldturn 2647 being tested. If we see a lock above 2647 then we are likely to see the upper targets or failure to lock above 2747 will see a re-attempt on the lower Goldlturns, also keeping in mind 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 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696 EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713 EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733 BEARISH TARGETS 2647 - DONE EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 - DONE EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE SWING RANGE 2609 - 2592 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
OANDA:XAUUSD
by Goldviewfx
5
XAUUSD / TRADING INSIDE FVG / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Current Price Action , Gold prices are stabilizing within the FVG area, indicating potential for a decline , The immediate target price within this range is $2,670. If prices remain below $2,670, they are expected to decline toward $2,628, which represents a lower level within the FVG , A further break below $2,628 could lead to a decline into the demand zone, between $2,595 and $2,585. If gold prices break above $2,680, they are expected to rise into the supply zone, ranging between $2,695 and $2,720. Overall Sentiment , The market is currently under downward pressure, suggesting a bearish bias unless prices break key resistance levels.
OANDA:XAUUSDShort
by ArinaKarayi
1
BTCUSDT / TRADING UNDER SUPPLY ZONE AND ATH / 4H BTCUSDT / 4H TIME FRAME HELLO TRADERS Current Trend , Prices are under downward pressure, trading below a defined supply zone (97,923–99,531) , A supply zone indicates a range where selling interest is high, causing resistance to upward price movement. If prices remain below the supply zone and stabilize , A decline toward a demand zone (92,402–90,794) is expected , A break below the demand zone, confirmed by a 4-hour (4H) candle closing beneath it, suggests further decline toward a lower range price of 88,698. If the supply zone is breached, particularly with a break above the all-time high (ATH) price of 99,600 , Prices are expected to rise toward a new historical zone between 100,800 and 104,000.
Short
by ArinaKarayi
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 EMA5 play between two weighted levels with a gap above at 2668 and a gap below at 2647. 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 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2696 EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET 2713 EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET 2733 BEARISH TARGETS 2647 EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET 2631 EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE SWING RANGE 2609 - 2592 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
OANDA:XAUUSD
by Goldviewfx
5
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price lay between two weighted levels with a gap above at 2665 and a gap below at 2612, as weighted Goldturns 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 2665 EMA5 CROSS AND LOCK ABOVE 2665 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET 2736 EMA5 CROSS AND LOCK ABOVE 2736 WILL OPEN THE FOLLOWING BULLISH TARGET 2785 BEARISH TARGETS 2612 EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE SWING RANGE 2566 - 2519 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
OANDA:XAUUSD
by Goldviewfx
GOLD DAILY CHART MID/LONG TERM UPDATE.Hey Everyone, Please see our mid to long term daily chart update. After completing our bullish targets 2629 and 2686 we were left with a candle body close above 2686 leaving a gap above at 2760 last week and stated that we needed ema5 cross and lock to confirm this or a rejection will see the lower Goldlturn levels for support. - EMA5 failed to cross 2686 with a turn confirming the rejection. We are enow seeing a test at the 1st stage of the retracement range at 2629 and expecting a reaction here for a bounce. EMA5 cross and lock below this level will confirm test for the full retracement range. Failure to lock below will see bounce from this retracement range inline 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 using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this, 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
OANDA:XAUUSD
by Goldviewfx
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, This is an update on the weekly chart idea we have been tracking for over a month now and playing out exactly like we analysed. Last week we stated that this chart allowed us to project the long term corrections and direction. We were able to track our bullish targets until no ema5 lock to confirm rejection into the retracement range below for the correction. We also remined everyone that we had been suggesting over the last few weeks that we will be looking for the channel top and the retracement range to provide the support for a reactional bounce. - This played out perfectly last week with the weekly candle testing the channel top and then wicked out for the support and bounce like we analysed. Overall the channel top is providing the support like we analysed. Although we saw candle body closes below the channel there was no ema5 break into the channel, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future.. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
GOLD ROUTE MAP UPDATEHey Everyone, A fantastic finish to the week after completing our full swing range twice on our 1h chart. We finish off the week with an update on the 4h chart we shared last Sunday. We started the week with bearish gap completed below at 2694, with ema5 cross and lock opening 2654, which was also hit and then followed with another lock below 2654 opening 2611 to complete the retracement range. - This was completed perfectly with no further lock below 2611, confirming the rejection and giving our weighted level bounce exactly like we always state on our analysis. The beauty of our strategy allows us to trade buys with the Bull and when bearish like this week; we are able to use our weighted levels to buy dips from the bounces, perfectly inline with our plans to buy dips. 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
OANDA:XAUUSD
by Goldviewfx
9
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our analysis playing out, as analysed. After completing the full swing range test and swing action yesterday, we stated that we were now waiting for ema5 lock above 2657 for a continuation or a lock below the swing range will open the levels below. 2657 Goldturn failed to break and followed with the rejection back into the swing range at 2620. No lock below 2620 confirmed the rejection for the bounce, inline with our plans to buy dips. We will continue to see play between both these weighted levels and will need to see ema5 cross and lock to confirm 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 2728 EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET 2743 POTENTIALLY 2759 EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET 2772 POTENTIALLY 2787 BEARISH TARGETS 2703 - DONE EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET 2684 - DONE EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 - DONE EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE SWING RANGE 2638 (DONE) - 2620 (DONE) 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
OANDA:XAUUSD
by Goldviewfx
11
NAS100USD / SAME DOWNTREND YESERDAY / 4HUSNAS100USD / 4H TIME FRAME HELLO TRADERS The price has already declined by 300 pips (a pip is a standard unit in financial markets, often used in forex trading to measure price changes). The price is currently attempting to reach 20,908 and 20,990. These are likely resistance levels, meaning points where the price might struggle to break through. If the price remains below 20,908–20,990, a further decline is expected. The targets mentioned for this decline are: • 20,668 • 20,451 If the price breaks above 20,990, it could increase to reach 21,105. The price is still below the All-Time High (ATH), and the general expectation is for further declines unless the resistance levels are breached.
OANDA:NAS100USDShort
by ArinaKarayi
NAS100USD / OVERALL DIRECTION TOWARDS DOWNWARD /4HNAS100USD / 4H TIME FRAME HELLO TRADERS Current Trend: • Prices are under downward pressure as they remain below the resistance level of 20,839. • The market appears to be consolidating or stabilizing around this level, preparing for a potential move. Upward Scenario: • If prices remain below 20,839, it is suggested that they may decline further: • First target: 20,666 (support level). • Further decline to 20,451 (next major support). Downward Scenario: • If the price breaks above 20,839 (the resistance level), it could lead to a rally: • Initial target: 21,105. • Further move to 21,249, which is identified as the All-Time High (ATH).
OANDA:NAS100USDShort
by ArinaKarayi