GoldViewFX - MARKET UPDATE

Hey Everyone,

Great start to our 1H chart route map for the week. Price dropped into the identified retracement range at 1902 weighted level completing both bearish targets. No ema5 cross below this level confirmed the rejection for the bounce. Respected perfectly.

We will continue to use these weighted support levels to catch bounces until we fall back into the long term trend.

Price is ranging sideways between 1910 and 1918. 1918 is a weighted level of resistance and the next Bullish target. We will need to see 1918 break and lock to open the levels above

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 share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1918

EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1937 -
1946 -

BEARISH TARGETS
1910 - DONE
1902 - DONE

EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE

SWING RANGE
1895 - 1884

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