OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

What a fantastic start to our week with our bullish targets getting taken out.



The 1831 resistance break all the way into 1843, 1847 and 1854. The one candle took our all targets and therefore and still allowed two further retest at 1854 to allow us to still get in for the catch. - BOOOOM!!!

We are now seeing price test resistance at 1854 and will need to see ema5 cross and lock to open the range above.

Any rejection here will allow us to use the Goldturns below to track and trade level to level.

We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up.

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.

EMA5 CROSS AND LOCK ABOVE 1831 WILL OPEN THE FOLLOWING BULLISH TARGET
1843 - DONE
1847 - DONE
POTENTIALLY 1854 - DONE

EMA5 CROSS AND LOCK ABOVE 1854 WILL OPEN THE FOLLOWING BULLISH TARGET
1864
1876

BEARISH TARGETS
1817
1809

EMA5 CROSS AND LOCK BELOW 1809 WILL OPEN THE SWING RANGE

SWING RANGE
1785 - 1777

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

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