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

We had a great start to the week with price starting with a retracement into the retracement zone identified and supported above 1905 weighted level. We took the buy from the dip as part of our plan for a perfect TP exit!!!

However we now need to keep in mind the range below is also open, as ema5 has also locked below 1918. We now have 1928 target open above and 1905 below.

We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up.

We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1928
1935

EMA5 CROSS AND LOCK ABOVE 1935 WILL OPEN THE FOLLOWING BULLISH TARGET
1943
1950

BEARISH TARGETS
1918 - DONE

EMA5 CROSS AND LOCK BELOW 1918 WILL OPEN THE SWING RANGE

SWING RANGE
1905 - 1895

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

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