GoldViewFX - Market UPDATE

Hey Everyone,

Our 4H chart setup is also playing out perfectly with 1802 and 1807n now HIT completing the setup.

We are now looking for EMA5 to cross and lock above 1707 on this chart to confirm 1817, 1822 and 1828. Although 1807 has locked on the 1H chart it will strengthen the direction further by also locking on the 4H chart by extending the targets to 1822 and 1828

If we see the channel bottom broken with a EMA5 cross and lock below 1793 and we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top.

BULLISH TARGETS
1802 - DONE
1807 - DONE

EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828

BEARISH TARGETS
1793

EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772

SWING RANGE
1772 - 1779

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR

Comment:

Typo correction - looking for EMA5 to cross and lock above 1807 NOT 1707