GoldViewFX - Where is GOLD going this week??

Hey Everyone,

Please see our 1H chart updated Goldturn levels and targets.

As always we have mapped out a true level to level chart idea.

We saw price test the higher level resistance followed with a rejection on Thursdays news releases dumping the price. Friday we saw a recovery of 50% of the move with a back to benchmark remaining at 1977.

Price tested support at 1946 for a nice bounce to the resistance zone with 1960 and 1965 left to compete the full test. We would then need to see 1965 break and lock for the upper levels to open up.

Failure to cross above this level and we are likely to see a drop to the retracement range for a bounce. 1956 support test again. A cross and lock below 1946 and we will see the swing range for a test.

Each of these structure will give 20 to 40 pips bounces, which is enough for a nice entry and exit. Bigger targets even with the tests can be tracked by assessing ema5 cross and lock above or below each of the structures.

Our chart idea and strategy gives a true level to level way of tracking and trading the movement and range.

We need to keep the above in mind and continue with our plans to buy dips using our levels and algo activations.

We will continue with our plans to buy dips and track the movement level to level as
our long term projection still remains Bullish.

BULLISH TARGETS
1960
1965

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

BEARISH TARGETS
1951
1946

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
XAUUSD TOP AUTHOR