Goldviewfx

GoldViewFX - Market UPDATE

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

Another fantastic day at Premier. We waited patiently for a new Goldturn low and then identified a signal to 1707, which was the perfect exit.

We still have the gap open to 1695 on this chart, which is playing out perfectly! and also 1685 on the chart below.


These levels are still within the support and swing range and therefore we are not comfortable shorting to these levels at support now. We will use this instead to keep exits tight on buys and try and get the sweet entries for the run up once the momentum below has found floor.

EMA5 break and lock above 1738 Goldturn will fail and break the rising wedge pattern opening the upper range upto 1761. A rejection below 1738 will maintain the rising wedge pattern until we see the breakout geared for the break below to retest 1695 in line with the formation. This TARGET 1695 is still open!!

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
XAUUSD TOP AUTHOR

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