GoldViewFX - MARKET UPDATE

Hey Everyone,

Our level to level route map playing our into the levels and we are seeing the perfect bounces on our Goldturn levels inline with our plans to buy dips. The retracement range gave us the perfect bounce into the next level at 1910.

We saw price drop into the top part of the swing range for a bounce with a wick out due to ema5 failing to cross and lock below 1902, as highlighted on the chart. We will need to see EMA5 cross and lock below 1902 to retest deeper into the full swing range.

Failure to lock below 1902 and we are likely to see push up into 1910 and 1918. Market is continuing its bearish momentum for the short term and we are just playing it level to level and patiently taking the retracements from the bounces on support levels. We will continue with this plan until we find ourselves swiftly back in the long term trend. This allows us to trade with and against the trend.

OUR 4H CHART SETUP IS ALSO BEING RESPECTED

We will continue to use these weighted support levels to catch bounces until we fall back into the long term trend.

We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1918

EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1937 -
1946 -

BEARISH TARGETS
1910 - DONE
1902 - DONE

EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE

SWING RANGE
1895 - 1884

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
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