GoldViewFX - MARKET UPDATE

Hey Everyone,

As you can all see our 1h chart ideas is playing out perfectly. We got the retracement into the identified range and then a nice push up covering the range of targets again 1994, 2004 and just fell short of 2013 due to MA200 acting as dynamic resistance. EMA5 has locked above 2004 leaving the gap open to 2013.


We will now wait patiently for the full range test back to 2013 - 2025. As long as EMA5 remains above the retracement range the upper targets remain strong. However, a EMA5 break below 1984 will open the swing range, in which case we will manage our risk accordingly when planning to buy dips.

We plan to continue with our plans to buy dips inline with our long term plans from strategic support levels.

BULLISH TARGETS
2013 - DONE
2025 -

EMA5 CROSS AND LOCK ABOVE 2025 WILL OPEN 2040, 2050
2040 -
2050 -

BEARISH TARGETS
1994 - DONE
1984 - DONE

EMA5 CROSS AND LOCK BELOW 1984 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