GoldViewFX - MARKET UPDATE

Hey Everyone,

Another Piptastic day for us at GoldViewFX. Our Goldturn channel is being respected well with another test on the channel top and now back to the retracement range also inline with the channel half line. A break below the half-line and we should see a clean test to the channel support. Failure to break below the half-line and we should see another retest to break the channel top.

We are looking for a clean EMA5 break of the channel top or bottom and not price alone to confirm breakout and not a fakeout to either direction.

We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets.

Our long term projection still remains Bullish.

BULLISH TARGETS
1990 -

EMA5 CROSS AND LOCK ABOVE 1990 WILL OPEN 2006

BEARISH TARGETS
1965 - DONE
1957 - DONE

EMA5 CROSS AND LOCK BELOW 1957 WILL OPEN THE SWING RANGE

SWING RANGE
1940 - 1929

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
XAUUSD TOP AUTHOR