Hey Everyone,
We have broken out of the GOLDTURN channel and then saw price support at 1961 providing another push up. As long as EMA5 stays above 1961, the upper levels will stay open for the open TARGETS.
1984 TARGET open due to EMA5 cross and lock with candle body close.
TARGETS - 1976, 1984, 1990, 1996
RETRACEMENT RANGE
1961
If 1961 is broken we will see lower GOLDTURNS open for target, however we will still remain BULLISH and will wait till we see deeper corrections with new Goldturn support to be created for us to continue to BUY dips again.
These significant GOLDTURN levels we pick out allow us to know when to pause before we continue to buy or sell and our strategy for this market condition to buy 20 to 40 pips at a time allows us a better chance to avoid getting stuck in any swings.
SWING RANGE
1952
1961 support is crucial to maintain upper TARGETS.
As always we will keep you all updated with daily updates on how we manage the range. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
We have broken out of the GOLDTURN channel and then saw price support at 1961 providing another push up. As long as EMA5 stays above 1961, the upper levels will stay open for the open TARGETS.
1984 TARGET open due to EMA5 cross and lock with candle body close.
TARGETS - 1976, 1984, 1990, 1996
RETRACEMENT RANGE
1961
If 1961 is broken we will see lower GOLDTURNS open for target, however we will still remain BULLISH and will wait till we see deeper corrections with new Goldturn support to be created for us to continue to BUY dips again.
These significant GOLDTURN levels we pick out allow us to know when to pause before we continue to buy or sell and our strategy for this market condition to buy 20 to 40 pips at a time allows us a better chance to avoid getting stuck in any swings.
SWING RANGE
1952
1961 support is crucial to maintain upper TARGETS.
As always we will keep you all updated with daily updates on how we manage the range. Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
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