Goldviewfx

GoldViewFX - MARKET UPDATE

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

And we finish of this week with a 1005 Hit rate on our ideas.

Once again our swing range did exactly what it says on the tin. We got a nice drop yesterday into the swing range where we picked up our buys for a perfect swing up into 1957 Goldturn for a perfect exit. 1957 Goldturn resistance was respected to perfection giving the perfect rejection for another drop into the swing range.

We are no out of all positions and closing for the week. Please note that the markets will be closed this Monday due to the public holiday in the US (along with Switzerland, UK, France and Germany). The White House and Congressional Republicans are frantically trying to tie up a deal before the long weekend but time is running out before market close today. Regardless of whether a deal is reached or not in the last minute, please note that volatility in the gold market will remain in play until the 9th of June. Expect big swings both ways as standard intra-day moves and sudden and deep downward breaks if traders roll out of their gold positions to cover margin calls on other assets in case of an actual stock market crash or an irrational fear of a crash.

Trade safe, trade the GVFX way. Have a lovely weekend with your loved ones and please don't forget to like the post to support us.

GoldViewFX
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