GoldViewFX - XAUUSD LEVELS - TARGET$ - ANALYSIS
We had a perfect finish last week with our BUY's hitting target and buying dips according to our plans throughout the month.
Price hit target at 1847 and followed with a retracement down to 1832 and found support.
We have a Goldturn support level at 1832, which needs to hold to continue with the Bullish move to targets at 1850 and beyond.
If price does not find support here at 1832 and we see this Goldturn level break with EMA5 cross and candle body close, we will see price move down to the next Goldturn support at 1826. We should then see continuation of the Bull run, if price is supported on this level. However we will watch closely to see if this level is broken with EMA5 cross and candle body close, which will then open targets to 1819, 1816, 1812 and 1806, being the lowest level we can see, while still maintaining the Bullish structure and for us to continue to buy dips.
All support and resistance levels are clearly marked on the chart.
Current RANGE VIEW from historical price range
The current range view shows a breakout and now sitting between two ranges 1830 - 1847.
We will look for a EMA5 break and candle body close into either of the immediate Range Boxes to confirm movement and play within the new Range Box.
Daily chart view
The daily view is also inline with our overall analysis.
Keep watching for regular updates throughout the week, as we make changes and adaptations to our plans along the way.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
Price hit target at 1847 and followed with a retracement down to 1832 and found support.
We have a Goldturn support level at 1832, which needs to hold to continue with the Bullish move to targets at 1850 and beyond.
If price does not find support here at 1832 and we see this Goldturn level break with EMA5 cross and candle body close, we will see price move down to the next Goldturn support at 1826. We should then see continuation of the Bull run, if price is supported on this level. However we will watch closely to see if this level is broken with EMA5 cross and candle body close, which will then open targets to 1819, 1816, 1812 and 1806, being the lowest level we can see, while still maintaining the Bullish structure and for us to continue to buy dips.
All support and resistance levels are clearly marked on the chart.
Current RANGE VIEW from historical price range
The current range view shows a breakout and now sitting between two ranges 1830 - 1847.
We will look for a EMA5 break and candle body close into either of the immediate Range Boxes to confirm movement and play within the new Range Box.
Daily chart view
The daily view is also inline with our overall analysis.
Keep watching for regular updates throughout the week, as we make changes and adaptations to our plans along the way.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
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