Goldviewfx

GoldViewFX - 1H CHART MARKET UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Fantastic start to the week and month with our TARGET of 1769 HIT. We also used every dip to ma21 for fresh buy entries banking 30 to 50 pips at a time.

We are using EMA5 cross and lock to move level to level. We now have a open gap to 1779 with ema5 cross and lock, however we will keep in mind the retracement zone and manage and break down our LOT sizes to manage any swings. If we see the drop first we will use the drop for entries from support levels using our premier VIP levels on top of the Goldturn levels we share here.

If we see a break below 1743 we will manage risk and hold tight without further entries for the swing range, as that will open should 1743 break. We have also updated the swing range and moved this up accordingly.

We will re-evaluate our plans only if we see structure support at 1685 break.

BULLISH TARGETS
1769 - DONE
1779
1792

BEARISH RETRACEMENT TARGETS
1763 - DONE
1752
1743

SWING RANGE
1725-1718

STRUCTURE SUPPORT
1685

As always we will keep you all updated with any changes to our plans throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR

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