GoldViewFX - Market UPDATE

Hey Everyone,

We had a fantastic start to the week with our 1H chart analysis playing out, as projected.

We saw price retrace to the retracement zone identified followed with a lovely push up. We took the buy from the re-test with a perfect TP exit at 1680. BOOOM!!!

EMA5 is struggling to break 1678 Goldturn with a fresh Goldturn formed just under the 1678 level creating resistance. However, EMA5 has broken Fridays Goldturn high, so we cannot isolate the potential to break the level again.

We need to see EMA5 cross and lock above 1678 to break open the upper targets. Failure to cross and lock will see price re-test the retracement zone again and potentially move sideways between this upper range.

We will continue with our plans to BUY dips and track and trade the movement level to level using EMA5 cross and lock.

EMA5 CROSS AND LOCK ABOVE 1678 WILL OPEN 1687, 1697

BULLISH TARGETS
1687 -
1697 -

EMA5 CROSS AND LOCK ABOVE 1697 WILL OPEN 1706, 1710

BULLISH TARGET
1706 -
1710 -

BEARISH TARGETS
1678 - DONE
1673 - DONE
1668 - DONE
1664 -
1659 -

EMA5 CROSS AND LOCK BELOW 1659 WILL OPEN THE FULL SWING RANGE

SWING RANGE
1637

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR