GOLD - Day Trading with RSI 04/03/2025FX:XAUUSD
Daily Timeframe (D1): Still in a strong uptrend, with RSI and both moving averages are pointing upwards. The WMA45 is above 60.
4-Hour Timeframe (H4): RSI is positioned between the resistance created by WMA45 (current price around 3152) and the RSI 60 support level (current price around 3121).
1-Hour Timeframe (H1): The WMA45 is trending upward, supporting the bullish trend.
Trading Plan: BUY
Entry Zone:
When the RSI on the M15 timeframe is supported at the 50 or 60 levels.
Entry Confirmation:
When M5 completes a wave, or a divergence appears.
Or even when M1 shows divergence.
Stop Loss:
20–30 pips below the M5 low.
Take Profit:
100 pips or R:R ≥ 1:1.
Or when M5 completes its own uptrend.
But be careful when RSI on H4 reaches its own WMA45.
You can check out the indicators I use here: tradingview.com/u/dangtunglam14/
Oscillators
EURNZD Wave Analysis – 2 April 2025
- EURNZD reversed from resistance area
- Likely to fall to support level 1.8700
EURNZD currency pair recently reversed down from the resistance area located between the resistance level 1.9100 (which stopped the earlier sharp upward impulse wave I at the start of March) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the earlier short-term impulse wave iii of the upward impulse wave 3 from the end of February.
Given the strength of the resistance level 1.9100, EURNZD currency pair can be expected to fall to the next support level 1.8700.
GOLD - Day Trading with RSI 04/02/2025
Weekly and Daily Timeframes (W & D):
GOLD is still in an uptrend, as the RSI's WMA45 is still hovering near the 70 level, and RSI remains above both of its moving averages.
H4 Timeframe:
This timeframe is currently showing a correction. However, it's not yet considered a downtrend because the WMA45 is still in the high region, close to the 70 level. But, RSI has dropped below the WMA45.
At present, the RSI on H4 is facing dynamic resistance from the WMA45 above and has support around the 4x level (43-48). The corresponding temporary price levels are approximately 3128 (resistance) and 3088 (support).
This end-of-uptrend correction on H4 could lead to high price volatility. GOLD may move within a 300–400 pip range (between the resistance from WMA45 and the RSI support around the 4x zone).
H1 Timeframe:
Currently in a downtrend, as RSI is moving below both of its MAs, and the WMA45 has a noticeable downward slope.
H1 also has RSI support at the 30 level (temporary price ~3086) and resistance at WMA45 above (temporary price ~3130).
Since we’re focusing on intraday trading, priority is given to the H1 trend.
Figure 1
Trading Plan: SELL
Entry Zone:
When RSI on M15 approaches upper resistance: levels 50–55 or 65–70.
Confirm Entry:
Conservative/Safe approach: when M5 ends its uptrend and reverses (see example in Figure 1 – M5 ends uptrend when RSI crosses below both MAs).
Or when bearish divergence appears on M5.
Or even earlier, when there’s divergence on M1 and M5's WMA45 flattens out.
Stoploss:
20–30 pips above M5’s recent peak.
Or if RSI on M5/M15 breaks through its previous high.
Take Profit:
100 pips or R:R >= 1:1.
Or when M5’s downtrend ends (when RSI crosses above both MAs).
You can check out the indicators I use here: www.tradingview.com
Russell 2000: Squeeze Potential BuildsWith uncertainty surrounding U.S. trade policy about to be resolved and price signals turning bullish, the ingredients for a squeeze in Russell 2000 futures are now in place.
Unlike other stock indices with far larger constituents, U.S. small caps have lagged this week’s rebound—potentially due to recession concerns, which wouldn’t help unprofitable cyclical firms tied to the broader economy.
However, while fundamentals point to downside risks, recent price signals have been more constructive. Monday’s hammer candle formed after a reversal from known support. While Tuesday’s doji signaled indecision, it still closed slightly higher, with strong volumes going through.
While signals like RSI (14) and MACD remain in negative territory, bearish momentum is starting to ebb, suggesting we may be in the early stages of a turn.
Those considering bullish positions could look to establish entries above 1994.8 with a stop beneath for protection. Rallies over the past two sessions have fizzled around 2040, making that an initial focal point. If sellers there are overrun, it could encourage others to join the move, looking for a retest of horizontal resistance at 2132.5.
Good luck!
DS
GBPAUD Wave Analysis – 1 April 2025
- GBPAUD reversed from long-term resistance level 2.0820
- Likely to fall to support level 2.030
GBPAUD currency pair recently reversed from the resistance area located between the long-term resistance level 2.0820 (former multiyear high from 2020), resistance trendline of the weekly up channel from 2024 and the upper weekly Bollinger Band.
The downward reversal from this resistance area stopped the earlier short-term impulse wave 3 of the weekly upward impulse sequence (3) from the start of 2024.
Given the strength of the resistance level 2.0820 and the overbought weekly Stochastic, GBPAUD currency pair can be expected to fall to the next support level 2.030.
GOLD - Day Trading with RSI 04/01/2025FOREXCOM:XAUUSD
D and H4 Timeframes:
GOLD is in a strong uptrend.
RSI is operating around the 80 level, indicating that buying pressure is 4 times stronger than selling pressure.
Priority: Trade in the direction of the trend on higher timeframes.
H1 Timeframe:
GOLD is showing signs of a correction: EMA9 has crossed below WMA45, and RSI is positioned below the two MA lines.
Given the current slope of WMA45 on the H4 RSI, this correction is considered minor for now.
Intraday Trading Plan:
Entry Strategy:
If H1 continues to correct: Look for buy entries when RSI H1 reaches previous RSI lows (zones 44, 55).
If H1 breaks the current high (level 3128): Look for buy entries when RSI M15 reaches previous RSI lows (zones 30–40).
At these levels, RSI M5 should end its downward wave (e.g., forming a double-bottom pattern on RSI) or show a price-RSI divergence before entering a buy trade.
Stop Loss (SL):
Set SL 20–30 pips below the entry point's low on the M5 timeframe.
Take Profit (TP):
Follow an R:R ratio of at least 1:1.
Or, take profit when M5 ends its bullish wave:
If RSI M5 forms a double-top pattern or
If RSI M5 crosses below WMA45.
Partial profit-taking is recommended at different stages to optimize returns.
📌 Refer to my scripts for pre-configured RSI indicators. 🚀
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NZD/USD at Risk of Retesting Yearly LowsThe Kiwi is clinging to uptrend support within a broader rising wedge, with selling pressure reemerging at .5680 despite Monday’s late recovery.
A clean break below the uptrend could see bears target .5650, the low from Monday. A move through that level would put .5600 in focus as the next downside target.
Momentum signals reinforce the bearish case—RSI (14) and MACD continue to trend lower into negative territory, favouring selling rallies and downside breaks.
If the price were to fail beneath the uptrend again and reverse back above .5680, the bearish bias would be invalidated for now.
Good luck!
DS
Trading with the CoffeeKiller Suite: A Friend-to-Friend GuideHey there! So you've got the CoffeeKiller indicator suite loaded up on your charts, and you're wondering how to use them together as a cohesive trading system. Let me walk you through how I'd approach this setup with the Rev&Line with TrendMarker on your main price chart and the RSI+MFI Momentum Mapper and MACD Boundary as your oscillators below.
The Big Picture: How These Work Together
Think of this setup as a three-layer confirmation system:
1. Rev&Line with TrendMarker gives you the big picture trend and potential reversal points on price
2. RSI+MFI Momentum Mapper shows you the underlying momentum strength
3. MACD Boundary confirms cycle timing and helps with entry precision
What makes this system powerful is how they complement each other. When all three align, you've got a high-probability trade setup.
Reading Your Main Chart: Rev&Line with TrendMarker
This is your primary trend identifier. The key features to watch are:
- Background color: Green means bullish (both SuperTrend and PSAR agree), red means bearish. This is your first clue about trend direction.
- ZigZag lines: These connect significant pivot points, helping you visualize the trend structure.
- Marker lines: These track the price range of the current swing. The high (magenta) and low (cyan) marker lines create a channel that price tends to respect.
- Triangle signals: When you see a down triangle at a pivot high or an up triangle at a pivot low, pay attention! These often mark potential reversal points.
The beauty of the Rev&Line indicator is that it combines multiple technical concepts (ZigZag, SuperTrend, PSAR, and Donchian Channels) into one visual guide.
Checking Momentum: RSI+MFI Momentum Mapper
This oscillator is your momentum gauge, combining RSI and MFI for a more reliable signal:
- Zero line: Above zero means bullish momentum, below means bearish.
- Colored columns: Watch how these behave - the color changes tell you about momentum shifts.
- Marker lines: Just like on the main chart, these track the range of the current momentum swing.
- Peak markers: The yellow triangles mark significant momentum peaks and troughs.
When the marker lines are making higher highs in bullish territory or lower lows in bearish territory, the momentum is strong. When they start to flatten out, momentum is weakening.
Timing Entries: MACD Boundary
The MACD Boundary adds precision to your entries and confirms the other indicators:
- Histogram columns: The dynamic coloring tells you about strength and direction.
- Marker lines: These track the historical range of the current MACD cycle.
- Peak markers: Just like the RSI+MFI indicator, these show you momentum turning points.
One huge advantage of this MACD implementation is the timeframe flexibility - you can view a shorter timeframe chart but calculate the MACD on a higher timeframe for better trend alignment.
Putting It All Together: Trade Setups
Bullish Setup:
1. Main chart: Background turns green, ZigZag starts moving up, and we get an up triangle
2. RSI+MFI: Crosses above zero, columns turn green, and the high marker line starts making higher highs
3. MACD: Histogram turns green and crosses above zero
Bearish Setup:
1. Main chart: Background turns red, ZigZag starts moving down, and we get a down triangle
2. RSI+MFI: Crosses below zero, columns turn red, and the low marker line starts making lower lows
3. MACD: Histogram turns red and crosses below zero
Fine-Tuning Entries
For entry timing, I'd pay special attention to:
- When price tests the lower (cyan) marker line in an uptrend
- When the RSI+MFI indicator shows a yellow up triangle at a trough
- When the MACD histogram starts to turn back toward zero after making a notable low
Managing Risk
Use the marker lines on the main chart for stop placement - they create natural areas of support and resistance. In an uptrend, I'd place my stop just below the lower marker line. In a downtrend, I'd place it just above the upper marker line.
Pro Tips from Personal Experience
1. Watch for divergences: If the main chart is making higher highs but the oscillators are making lower highs, be cautious of a potential reversal.
2. Pay attention to confluences: When marker lines from different timeframes align at a similar price level, that's often a powerful support/resistance zone.
3. Don't fight the background color: One of the easiest mistakes is trying to short when the background is green or go long when it's red. Be patient and wait for full alignment.
4. Focus on peak markers: Those little yellow triangles on the oscillators often precede major moves, especially when they show up after a deep momentum thrust.
5. Use the percentage values: On the main chart, the percentage indicators show where price is within the current range - great for gauging how much "room" is left in the current swing.
Remember, no system is perfect, but this suite gives you a comprehensive view of market structure, momentum, and timing. When all three indicators align, that's when the highest probability setups occur.
Disclaimer
This trading system explanation is provided for educational and informational purposes only. Trading financial markets involves substantial risk of loss and is not suitable for all investors. The analysis, indicators, and strategies discussed do not constitute financial advice, investment recommendations, or signals to trade. Past performance of any trading system or methodology is not necessarily indicative of future results. Before implementing any trading strategy, consult with a licensed financial advisor who can provide personalized advice based on your specific financial situation, risk tolerance, and investment goals. Remember that no trading system can guarantee profits, and you should never invest money that you cannot afford to lose.
NIO Wave Analysis – 31 March 2025
- NIO reversed from support zone
- Likely to rise to resistance level 4.00
NIO recently reversed from the support area located between the multi-month support level 3.60 (which has been reversing the price from April of 2024) and the lower daily Bollinger Band.
The upward reversal from this support zone stopped the C-wave of the earlier intermediate impulse wave (B).
Given the strength of the support level 3.60 and the oversold daily Stochastic, NIO can be expected to rise to the next round resistance level 4.00 (former strong support from January).
XRP Weakens as Risk-Off Sentiment GrowsFundamentals:
XRP is under pressure as broader market sentiment turns negative. The cryptocurrency market continues to follow the Nasdaq, which is showing signs of weakness. With the index currently struggling, risk assets—including XRP—are seeing downside pressure. A stronger U.S. dollar is adding to the bearish outlook, weighing on both crypto and equities. Recent regulatory clarity on XRP failed to spark sustained gains, suggesting the news was already priced in.
Technicals:
Technical levels show that XRP is currently testing a key monthly support zone. If this level fails to hold, the next downside target could be around 1.5700. Bearish momentum is increasing, with sellers defending resistance zones aggressively. Volume patterns suggest that buyers are hesitant, leaving the market vulnerable to further declines. The RSI indicator is heading lower from previously overbought levels, indicating a potentially falling trend for now, reflecting growing bearish momentum. A break below the monthly support could accelerate selling pressure.
Traders should watch for confirmation with increased volume on a breakdown. If support holds, a short-term bounce could be possible, but broader sentiment remains weak. Macro factors such as interest rates and economic data will influence risk appetite. Bitcoin’s price action will also play a role in determining XRP’s next move. A reclaim of key resistance levels could shift sentiment, but for now, bears are in control. Traders should manage risk carefully, considering potential volatility. A retest of lower support zones could provide better long opportunities.
For now, caution is warranted as XRP remains under downside pressure.
ACH/USDT - Potential Bounce Incoming 30%+ Gains PossibleI'm analyzing the ACH/USDT 4-hour chart and spotting signs of a potential rebound. Here’s what I’m seeing:
✅ Support Zone: Price is testing a key support level around $0.02119, which has held strong in the past. The market appears to be accumulating in this area.
✅ EMA Crossovers: The chart shows a bearish crossover between the 12 EMA and 20 EMA, but watch for a bullish reversal as price approaches this support. Potential for a rebound if the EMAs cross back to the upside.
✅ Volume Delta Analysis: There's a notable increase in volume with a Delta Volume of 28.42%, indicating heightened interest at these levels.
✅ Reversal Probability: The chart shows an impressive 85.6% reversal probability, suggesting a strong chance of a bullish move soon.
✅ Targets: Looking for a potential 30%+ bounce towards key resistance levels at $0.02559, $0.02657, and $0.02845.
📉 Risk Management: Setting a stop loss slightly below the $0.02119 support level to minimize risk in case of further downside.
📈 If support holds and momentum shifts, a strong move upward could follow. Stay vigilant!
🚨 Not financial advice. Always do your own research.
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AMD - Perfect timing to grasp great potential ahead!AMD (Advanced Micro Devices) has shown strong potential for growth, and the recent trend analysis using the MACD (Moving Average Convergence Divergence) indicator suggests that the stock remains in a favorable position for continued upside momentum.
Technical Analysis:
The MACD is a powerful trend-following momentum indicator that helps traders identify potential buy and sell signals based on moving averages. For AMD, the MACD indicator is currently showing a bullish crossover, where the MACD line has crossed above the signal line. This suggests that the stock’s momentum is shifting positively, indicating an increasing rate of price change to the upside.
Key MACD Signals for AMD:
Bullish Crossover: The MACD line (typically the difference between the 12-day and 26-day exponential moving averages) has recently crossed above the signal line (a 9-day EMA of the MACD). This is a classic bullish signal, which often precedes further price appreciation.
Strong Momentum: The distance between the MACD line and the signal line is widening, signaling strong momentum in the upward direction. This suggests that buying interest in AMD is gaining strength, and the stock could continue to rise as long as the momentum remains intact.
Positive Histogram: The MACD histogram is currently above the zero line, reflecting that the difference between the MACD and its signal line is positive. This further validates the strength of the bullish momentum, indicating that the stock could continue to experience upward pressure.
AMD’s Fundamental Strength:
Beyond technical indicators like MACD, AMD's fundamentals also support the favorable technical outlook. The company continues to make significant strides in the semiconductor industry with its innovative product lineup, including the Ryzen processors and Radeon graphics cards. AMD has been gaining market share from competitors like Intel and Nvidia, further strengthening its long-term growth prospects.
Our conclusion for this stock.
With a favorable MACD indicator, coupled with the robust fundamentals of AMD, the stock is well-positioned for potential gains. The bullish momentum indicated by the MACD suggests that AMD could experience continued price appreciation, making it an attractive option for investors who are looking for stocks with solid upward potential.
Trade set-up
Entry: 105
Target: 135 - Our target is set up below the weak resistance which used to serve as a support line when the stock was trading at ATH levels.When we reach that key-level we would analyse the stock again to see if it has more favourable data to boost the price towards the strong resistance level of 170+ below the ATH area
Stop Loss: 70 which is an unsustained bottom, utilizing it for protection over the trade
EUR/AUD: Wedge Break in SightTraders should be alert to the risk of a resumption of the bullish trend in EUR/AUD.
It’s been coiling within a falling wedge for much of March, with the price rebound over the past two sessions leaving the pair testing downtrend resistance.
A bullish wedge break would put 1.7272 on the radar. If that were to give way it would open the door for a run towards the March 11 high of 1.7420. A stop beneath the downtrend would offer protection against reversal.
RSI (14) has broken its downtrend, suggesting bullish momentum may be starting to build again even though MACD has yet to confirm the signal.
Good luck!
DS
Silver Bulls in Control as $34.87 Retest Comes Into ViewThe bullish move in silver we anticipated has played out nicely following the break of wedge resistance earlier this week, with the price squeezing above $34.24 on Thursday. Bulls will now be eyeing a retest of the October 24 swing high of $34.87.
Momentum indicators such as RSI (14) and MACD are trending higher, reinforcing the bullish setup and favouring buying dips and bullish breaks.
A retrace back toward $34.24 would create a setup where longs could be established above the level with a stop beneath for protection. While resistance may emerge around $34.50, $34.87 screens as a more appropriate target for those seeking greater risk-reward. A break above that would leave silver trading at multi-decade highs.
If silver were to reverse and close beneath $34.24, the bullish bias would be invalidated.
Good luck!
DS
3M Wave Analysis – 27 March 2025
- 3M reversed from resistance area
- Likely to fall to support level 147.00
3M recently reversed down from the resistance area between the key resistance level 154.00 (which has been reversing the price from the end of January) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the two consecutive Japanese candlesticks reversal patterns Doji – which highlights the strength of this resistance level.
Given the strength of the resistance level 154.00 and the overbought daily Stochastic, 3M can be expected to fall to the next support level 147.00 (low of the previous correction 2).
10-Year Treasury Yield Nudges HigherThe 10-Year Treasury yield has been rangebound for about 1-1/2 years, but some traders may see upside risk.
The first pattern on today’s chart is the series of lower highs since October 2023. TNX violated the trendline in December and may be holding above it now. That could suggest a period of downward movement has ended.
Second is the December low of 4.13. Yields tested and held that level in early March. They made a higher low in subsequent weeks -- even after the Federal Reserve reduced quantitative tightening (QT). MACD is also rising.
Third, TNX ended yesterday at its highest level in more than a month. It’s also challenging a gap from February 25 caused by weak consumer confidence.
Finally, Wednesday’s close was above the peak from June 2008, when the global financial crisis was taking hold. Staying here may confirm a long period of generationally low borrowing costs has come to an end.
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