We waited patiently for the drop completing all retracement targets and then took a nice 30 to 60 pip buy signal from the identified retracement zone with a clean exit in the Premier club.
We are now seeing the challenge we mentioned yesterday on 1779. EMA5 break and lock below 1779 will open the full swing range. We can see EMA5 failed to cross this level and now we have a new Goldturn above 1779 providing some support, however its too early to isolate another attempt to break and lock. We will wait and see if this level holds but either way we will trade this level to level and pick the right entries to avoid swings either way.
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!
One trade with one success today. If you’re thinking of a getting a prop firm funded account look no further for advice on how to pass by trading Gold with GoldViewFX.