As you can see this is playing our beautifully with price respecting the Goldturn ascending channel.
We advised yesterday that price was challenging and hovering just below the half-line of the channel and that If the half line holds we will see movement down into the retracement zone for a challenge. - This played out perfectly with price hitting the retracement zone on the nose followed with a nice push up back into the channel.
We also HIT our 1941 Target which completed this chart idea. We will need to see a EMA5 cross and lock above 1941 also inline with the channel half-line to see another attempt on the channel top.
We will track and trade the movement level to level using our EMA5 cross and lock strategy to confirm the movement and we will continue to buy dips from support levels to allows us to handle and manage swings safely.
BULLISH TARGETS 1941 - DONE
EMA5 CROSS AND LOCK ABOVE 1941 WILL OPEN 1952, 1964 and 1975 (INLINE WITH CHANNEL TOP)
BEARISH TARGETS 1916 - DONE 1906 -
EMA5 CROSS AND LOCK BELOW 1906 WILL OPEN 1893, and 1876.
SWING RANGE 1876
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX XAUUSD TOP AUTHOR 25 minutes ago Trade closed: target reached