GoldViewFX - MARKET UPDATE

Hey Everyone,


Great start to the week with our Bullish target at 1966 HIT as stated yesterday. Price then failed to break and close above 1966 weighted level, which then followed with the rejection. Perfect EXIT!! We are now seeing price head into the support structure and now seeing another bounce up.

There is room for more movement down to complete the retracement range. We need to keep this in mind when planning entries. We will continue to see price play between these structures until one of the weighted level crosses and locks with ema5 to open the new range.

We will need to see EMA5 cross and lock above 1966 to open the upper bullish levels to complete the previous gap at 1979. We expect a volatile week ahead with lots of high volatility news and events during the week.

We will continue with our plans to buy dips and track the movement level to level.

Our long term projection still remains Bullish.

BULLISH TARGETS
1966 - DONE

EMA5 CROSS AND LOCK ABOVE 1966 WILL OPEN 1979

BEARISH TARGETS
1957
1947
1937

EMA5 CROSS AND LOCK BELOW 1937 WILL OPEN THE SWING RANGE

SWING RANGE
1918 - 1904

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
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