GoldViewFX - Market UPDATE

Hey Everyone,

Another awesome day!!!

Market opened with a challenge on previous days Goldturn high 1676, followed with a new Goldturn at the same level 1676. This confirmed failure to break previous day's high. We waited patiently for further confirmation and identified EMA5 cross and lock below 1671 to 1664, confirming the movement down to the next level.

We carefully placed our SELL order and trailed it down to 1664 BOOOOM!!!! We walked through this step by step in VIP premier.

We still have an open gap target to 1687, which gives us the confidence to take buy signals from deeper movements down. However, due to the Fed's rate hike announcement and the odds between a 75-bps and 100-bps, we are only taking careful entries from strategically positioned support levels and sells from tested resistance levels.

The range is still 1659 to 1687 and as advised yesterday, we will be looking for a break of either of these levels for a continuation of the bearish move or a full recovery into benchmark pricing from last week.

Bullish Targets
1687
1695

Cross and lock above 1695 will open targets to 1708, 1722, 1733

Bearish Targets
1671 - DONE
1659 - DONE

Cross and lock below 1659 will open targets to 1647 and 1641.

SWING RANGE
1647

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

GoldViewFX
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