GoldViewFX - Market Update

Hey Everyone,

Great start to the week with our 1H chart idea already playing out. Price started with the move down for the correctional retracement we highlighted hitting 1949 first retracement target.

Although the full retracement was not done, it was close enough in the range for a support bounce. 1949 Goldturn support allowed us to take buys from the drop for a nice clean buy from the bottom.

We are likely to see some sideways ranging price action between the two structures until one breaks.

We will need to see the 1963 weighted structure break and lock to open the range above or a break and lock below the retracement range to open the swing range. Failure to lock below the retracement range will follow with a continuation above.

We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels.

Our long term projection still remains Bullish.

BULLISH TARGETS
1963

EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1973
1979

BEARISH TARGETS
1949 - DONE
1944
1938

EMA5 CROSS AND LOCK BELOW 1938 WILL OPEN THE SWING RANGE

SWING RANGE
1916 - 1910

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
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