Goldviewfx

GoldViewFX - UPDATE on TARGETS$$

OANDA:XAUUSD   Gold Spot / U.S. Dollar
This was posted on the 12th of JAN. We called both targets top and bottom.

We identified a broken Goldturn 1823 with EMA5 crossing with candle body close and leaving a gap confirming a move to 1828. This played out perfectly!!

1828 was an area that has been rejected before more than once therefore the level has strengthened as resistance. We highlighted that should EMA5 fail to cross this with candle body close we will get the rejection to 1817. This played out perfectly too!

The Goldturn range is now 1817 to 1828. Price is now challenging 1817. We will look to see if EMA5 crosses this level to open up the lower levels. If we see a Goldturn created above 1817, then we can expect the price to go back to challenge the upper levels again.

We remain confident in our setups and will continue to share updates and ANY changes to our plans.

We have had another smashing week and now wish you all a great weekend. We will be sure to share our analysis for the coming week Sunday night, so don't forget to check in.

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GoldViewFX
XAUUSD TOP AUTHOR


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