GoldViewFX - Market UPDATE

Hey Everyone,

Fantastic start to the week for us. We saw price go into the retracement range as highlighted on our chart and took advantage of the support bounce for a nice 50 pip buy for a perfect exit. We took the safe exit at 50 pip, as EMA5 has crossed 1995 opening the range below. We need to keep this in mind when picking entries from support now. Keeping to our long term plans to buy dips.

Th range below has now been extended so risk needs to be managed accordingly when trading this range.

We plan to track and trade this level to level and will continue with our plans to buy dips from strategic levels.

We have also updated a Goldturn channel where we may see price respect the levels. Currently the channel half-line is providing support.

BULLISH TARGETS
2006
2013
2026

EMA5 CROSS AND LOCK ABOVE 2026 WILL OPEN 2042, 2050

BEARISH TARGETS
2006 - DONE
1995 - DONE

EMA5 CROSS AND LOCK BELOW 1995 WILL OPEN THE SWING RANGE

SWING RANGE
1960

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR