GoldViewFX - Market UPDATE

Hey Everyone,

We got the break above the channel and 1976 which followed with a nice push up during Tokyo session allowing us to take profit for 50pips. However, the full gap to 1993 was not complete and now open.

Price has now dropped back into the channel breaking 1976 towards 1963. 1963 zone is also inline with the channel half-line and will likely provide support for a bounce. A break below the half line will see the channel bottom tested.

We will keep these retracement levels in mind when buying dips inline with the overall Bullish trend. Managing a tight risk allows us to manage the swings to fall back into the wave.

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

Our long term projection still remains Bullish but bearish level targets are due for correctional retracements.

BULLISH TARGETS
1963 - DONE

EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976 - DONE
AND POTENTIAL 1993 AT A PUSH.

BEARISH TARGETS
1948
1936

EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE

SWING RANGE
1917

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