GoldViewFX - Market UPDATE

Hey Everyone,

Another great trading day for us with our levels being respected and playing out as analysed.

We finished off yesterday highlighting the rejection on the channel top and then possible support on the channel half line. This played out as expected with the half line providing the support for a nice bounce that allowed us to capture a clean 50 pips.

We then saw price break below the half-line after the news release into the retracement range, which also provided a nice bounce back into challenging the channel half line again.

Price is tracking within the Goldturn channel and levels are being respected. If price breaks above the channel half line again, we should see another test to the channel top. Failure to cross the half-line and we will see another test to the retracement range. A break below the retracement range will open the swing range.

NFP tomorrow so we are expecting swings and need to manage risk accordingly when tracking the moves level to level. Our levels are very much active and still in play and therefore can expect price reaction to each level test.

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