Goldviewfx

GoldViewFX - Market UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Fantastic day of trading for us today taking our first sell in a long time. As we cleared some of our Bullish targets yesterday 1923 and 1927, we had a Goldturn form below 1927 level confirming a move into our retracement range that we highlighted Sunday, which was also confirmed with our signal. This is now playing out, clearing 3 of our bearish targets down to 1904.

As you have all seen market will always have targets up an down, the skill is in knowing which one to target. Our signals confirmed the activation of the retracement, which allowed us to confidently take the sell. However, our long term plans to buy dips remain in play, as we are still very much in a bullish structure.

There is still room for further movement down to complete the full retracement and therefore we will wait patiently for the support and confirmation before buying the dip.

We will also keep in mind the cross and lock above 1919, which has opened the doors to the upper levels.


EMA5 CROSS AND LOCK ABOVE 1919 WILL OPEN 1923, 1927, 1931, 1934, 1940, AND 1945

BULLISH TARGETS
1923 - DONE
1927 - DONE
1931 -
1934 -
1940 -
1945 -

BEARISH TARGETS
1915 - DONE
1910 - DONE
1904 - DONE
1899 -
1895 -

EMA5 CROSS AND LOCK BELOW 1895 WILL OPEN 1889, 1881 AND 1873.

SWING RANGE
1867

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!

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