GoldViewFX - Market UPDATE

Hey Everyone,

As we mentioned yesterday we were expecting some bi-directional movement today with the lower range being open because of the break on the weighted Goldturn. This played out as we expected and therefore we stayed out from any long entries. Sometimes the best position to be in the market is no position!!!

Please see the 4H chart we have been following.

EMA5 break and lock below 1776 has now opened the swing range like we shared and now seeing this play out with price in the swing zone. We will now see if the full swing range is tested at 1743 and how price reacts to this level. We expect to see price head up from this zone, however a EMA5 break and lock below 1743 will open the lower range down to a test on support structure 1707.

We will continue to trade level to level with our long term outlook in mind when picking out Buy entries from support levels or signal activated sells or a break below structure support.

As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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