GoldViewFX - Market UPDATE

Hey Everyone,

Another awesome start to a week for us with Analysis from our report playing out (see related ideas below). We remained Bullish, picking up buys from dips with smaller LOT size, taking into consideration any buys in this area has a massive swing range. We had a signal activate, which we took, shown on the chart and we took profit at the DEAD ZONE. We do not advise to trade in this central zone, which has the potential to double the swing range and over expose the trade (See related idea below on range management to understand swing range).

We have identified the zones for us to safely take BUYs and SELLs. We will then break this down daily into bite size levels to trade and keep you all updated like we did this morning. The cup and handle pattern also posted this morning played out perfectly. We never trade patterns alone but when in line with our analysis, it adds to its strength.


We have a new Goldturn support at 1785, which provided support today. If this support holds and we do not see a break with EMA5 then the gap to 1766 will be delayed for now, as the new Goldturn closes the gap. See chart below:

1808, 1815 are our Bull Targets, but using levels and dips to enter and exit, with the overall range in mind.

Stay tuned for daily updates and please don't forget to like, comment and follow to support our work.

GoldViewFX
XAUUSD TOP AUTHOR