GoldViewFX - Market UPDATE

Hey Everyone,

Our 1h chart has been playing out bouncing between our levels and structures, which are being respected perfectly. Price is currently playing between 1638 - 1661 and we continue to buy dips with another target currently open to 1657.

Although we are Bullish from dips, we are now playing this with caution, as 1644 was broken with EMA5 potentially opening the full swing range. We need to now keep this in mind to manage our risk against range movement to be able to safely navigate the range. MA's have now also started to converge and therefore expecting a breakout.

We will come back in the morning with our analysis for tomorrow's sessions.

Here at GVFX, we analyse the charts every day, across all timeframes, point to point. In other words, we track the movement up, down and sideways and leave no vacuum on the charts as far as tracking the movement is concerned. However, this does not mean that we trade every single piece of analysis. You will find that other channels bamboozle their followers by claiming to have traded every single significant move up and down after the movement has played out. We put our claim in BEFOREHAND and celebrate after the move has validated and made a profit on our analysis.

Overtrading and burn out is not just applicable to scalpers. Even if you trade lightly during the week, this does not mean that you have to enter a trade every single day. Here at GVFX, we post signals that achieve the delicate balance between profitability, minimal risk entries and not trading too much and not trading too little.

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

Trade closed: target reached:

1657, 1661 and 1668 TARGET HIT