GoldViewFX - MARKET UPDATE

Hey Everyone,

Another great day of trading for us with our 1H chart idea playing out as analysed and 2006 Goldturn target being HIT. The retracement range provided the support for the push up we were looking for. We updated a Goldturn channel yesterday and highlighted the channel half line is providing support. This played out well with the push up from the half line and now perfectly hitting and respecting the channel top.

We are now looking for EMA5 to cross and lock above 2006 to break out of the Goldturn channel to target the upper levels. Failure to cross will see price dip back into the retracement range and potentially below.

The range below has now been extended so risk needs to be managed accordingly when trading this range for any drops into the swing range.

We plan to track and trade this level to level and will continue with our plans to buy dips from strategic support levels.

BULLISH TARGETS
2006 - DONE
2013
2026

EMA5 CROSS AND LOCK ABOVE 2026 WILL OPEN 2042, 2050

BEARISH TARGETS
2006 - DONE
1995 - DONE

EMA5 CROSS AND LOCK BELOW 1995 WILL OPEN THE SWING RANGE

SWING RANGE
1960

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