Goldviewfx

GoldViewFX - Market UPDATE - BOOOOOM!!!!!!!

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

We did it again!!! With a PIPTASTIC finish today completing all our targets on our 1H and 4H chart setup.

We identified the retracement area start of the week, which played out with price finding support at 1777, as analysed with a perfect push up today hitting all Bullish Targets. We took our long positions from support confirmed with our premiere signals and trailed the move up to a perfect finish.

We will now wait for momentum to die out and settle before considering our next positions. Our Daily chart bullish target remains on our radar (please see related post below). We will now need to see EMA5 cross and lock above 1815 with a candle body close to open and confirm the upper levels.

A failure to cross, lock and break above 1815 will see price fall back into our existing range re-activating the existing setup. However, a break above and we can still track and trade this using our EMA5 cross and lock level to level towards the upper structure.

BULLISH TARGETS
1801 - DONE
1815 - DONE

EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN 1822, 1833, 1843

BEARISH TARGETS
1788 - DONE
1777 - DONE

EMA5 CROSS AND LOCK BELOW 1765 WILL OPEN 1756, 1747, 1738

SWING RANGE
1738


As always, we will keep you all updated with regular updates throughout the week and how we manage the 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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