Goldviewfx

GoldViewFX - MARKET UPDATE

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

Our chart idea is playing out as analysed. We stated yesterday that 1946 cross and locked opening the swing range. This played out perfectly today hitting the swing range.

We also stated that each of these structures will give a bounce to catch 30 to 40 pips. Once again this also played out. Our chart ideas setup allows us to trade with the short term trend or against it. Cross and lock below the swing range will open the levels below, Which we can continue to track level to level.

The levels are still active and we can continue to buy dips using our support levels, taking 30 to 40 pips at the weighted levels only. If you back test the levels we share, you can see how effectively they can be used to trade against short terms swings. We finished off today with a 50 pip capture safely against the swing.

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
XAUUSD TOP AUTHOR

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