GoldViewFX - Market UPDATE

Hey Everyone,

This is our updated 1H chart from yesterday, which is playing out within the Bearish Goldturn channel heading into the swing range area. We may see some retracement up to 1742 - 1747 inline with the channel but we feel the movement down is not over. However, we are in good support area for some scalping BUYS that look safe measured with the Goldturns

With a volatile week ahead we are waiting patiently for the right entries and we spent today observing and waiting patiently for a Blueprint of the range. Any deeper moves down this week will be short lived so taking the right buy entries, as a mid to longer term plan is crucial. Sell entries will only be considered if we see some solid resistance with re-tests otherwise a risky train to jump onto.

BULLISH TARGET
1747
1755
1762

BEARISH TARGETS
1742 - DONE
1736 - DONE
1730 - DONE

SWING RANGE
1723 - 1716


As we said yesterday the best way to trade JACKSON HOLE is to wait for the move and patiently let the momentum exhaust, measuring the momentum using the Goldturns. Ideally we would like to see movement down as deep as the momentum allows, establish a floor and then organically ride the movement up. If it heads up from the start then we already fall in line with our long term projections for Gold with our Axis target providing exit should we decide to get in on any buy signals in VIP .

As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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