GoldViewFX - Market UPDATE

Hey Everyone,

As you can see our roadmap has been playing out level to level with targets not only getting HIT but in order.

We were expecting movement down to support zone identified on the chart, which we took with a signal and then, as per our chart idea, we saw price bounce off to target 1822 Goldturn.

We have a candle body close above 1822 Goldturn, which opens 1836 again, however this is without EMA5 cross, so not as strong. However we have all MA's converging together, which usually happens before a breakout and we have ma200 sitting just above close to 1836 away from all the converging MA's, which may get magnetised for a HIT, strengthening the 1836 TARGET.

We also have a candle body close below 1811 opening 1804 for a lower target. As you can see the converging MA's are creating gaps in both directions, which happens when price ranges side by side in a tight range.

BULLISH TARGETS
1822, 1836, 1847, 1861

BEARISH TARGETS
1811, 1804, 1797, 1788

We will look for EMA5 cross and lock with candle body close to determine direction level to level and we will use our daily intraday levels that we share for exits and entries.

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GoldViewFX
XAUUSD TOP AUTHOR