GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Crazy movement down last two days pricing in FOMC beforehand, which ran out of steam on release with not much movement. I have used historical data for this range and updated the Goldturns for this range. We will use this to confirm movement level to level, using EMA5 cross and lock or candle body close for early indication of direction.

A break below 1726 will open up the lower Goldturns for test. A new Goldturn created above this range with a re-test will confirm movement backup to benchmark.

Inflation related data will almost certainly be used next week for further swings, so we plan to keep LOT sizes small to manage the range. Although we see low 1700s and 1680 is not far, if we can manage the range shift, we can place some long range buy entries for the retracement and overall long term trend.

Trading it up and down using the Goldturns is a viable option with small LOTs with strong bias towards layering buys at the low end of this range. PATIENCE WILL BE KEY!!!

DAILY CHART - 1804 STRUCTURE SUPPORT CROSS & LOCK OPENNED THE LOWER TARGET AS ANALYSED

As always we will keep you all updated with any changes to our plans throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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