GOLD MARKET UPDATE

30 Agu

Hey Everyone,

Great finish to the week with all our charts playing out as analysed.

This is the 4H chart we have been tracking and trading since last Sunday and perfectly inline with our plans to buy dips.

We were seeing price play between two weighted levels. 2514 Goldturn resistance and 2492, as Goldturn support.

2492 provided support all week with no cross and lock and 2514 was hit perfectly followed with ema5 cross and lock opening 2529 and potentially 2549 if momentum allowed, that's why we say "potential" for extended targets, which can be strengthened with ema5 lock.

- 2529 was hit perfectly completing our Bullish targets and nor further ema54 lock above 2529 confirming the rejection

BULLISH TARGET
2514 - DONE

EMA5 CROSS AND LOCK ABOVE 2510 WILL OPEN THE FOLLOWING BULLISH TARGET
2529- DONE
POTENTIALLY 2549

We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead.

Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX