GoldViewFX - Market UPDATE - BOOOOOM!!!!!!!

Hey Everyone,

What can I say, we had a BOOOOMTASTIC day cleaning up pips at VIP hitting all our targets.

As you can see our weekly chart identified the breakout from the support structure rejection. Our updates below are from previous weeks to show you how we navigated the movement to give us confidence to then break down the levels and take buys on the smaller timeframes.

03/10/22: ANALYSIS AND UPDATES ON OUR WEEKLY CHART SETUP:
Weekly chart is also testing a strong level of support. Price has tested 1622 level twice but failed to close below this level. This may provide the rejection needed for a resistance challenge to 1710 our mid-term target. - THIS IS PLAYING OUT PERFECTLY WITH THIS TARGET STILL OPEN

30/10/22: ANALYSIS AND UPDATES ON OUR WEEKLY CHART SETUP
Although the EMA5 cross below MA200 is gearing for a bearish move, this could be a bear trap and therefore any shorts must be taken with caution at this level. It's too dangerous for us to chase this movement down now, as we would like to see how structure support holds first.
- THIS WAS THE PERFECT ADVICE GIEVEN TO EVERYONE LAST WEEK, AS IT DID TRAP TRADERS IN SELLS, WHILE WE CAUGHT THE MOVE UP

1H CHART UPDATE

Our 1H chart has HIT all TARGETS including our final target for the setup at 1725. We will now come back in the morning with our updated plans for tomorrow's sessions and Sunday for our multi timeframe analysis with updated setups for next week.

Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR