GoldViewFX - Market UPDATE

Hey Everyone,

EMA5 failed to cross above 1971 and formed a Goldturn below it confirming the rejection for the drop down.

As always we continued to buy dips using our support levels taking 30 to 40 pips managing any trades above. As stated yesterday each of these 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, you can see how effectively they can be used to trade against short terms swings.

We now also have a lock below the retracement range opening the swing range. Gap above and below are now open.
How does one trade gaps up and down??
We firmly believe chasing targets up and down is not the way to build consistency and will always be chasing your tail. We choose one direction and take trades from reversals with a risk management model. This is the best way to manage ranges with gaps up and down.

BULLISH TARGETS
1960 - DONE
1965 - DONE

EMA5 CROSS AND LOCK ABOVE 1965 WILL OPEN THE FOLLOWING BULLISH TARGETS
1971 DONE
1977
AND POTENTIALLY 1983

BEARISH TARGETS
1951 - DONE
1946 - DONE

EMA5 CROSS AND LOCK BELOW 1946 WILL OPEN THE SWING RANGE

SWING RANGE
1932 - 1923

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
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