GoldViewFX - Market Update and RANGE MANAGEMENT.

24 Jul 2023

Hey Everyone,

We started our week with a nice 30 pip catch of the 1962 Goldturn breakout. Ema5 has also crossed and now left a gap to 1973.

We are seeing some sideways ranging action, which is drawing the MAs together to converge. We usually see this pre-event to gear up for another breakout. These are the ideal conditions to trap retail traders, as you start to chase targets because gaps will form both ways, leaving you hanging if you don't have a RISK MANAGEMENT and RANGE MANAGEMENT plan.

This is where our strategy to buy dips and stick to one direction comes into play. Using our Goldturn levels to buy dips on the smaller timeframes allows us to safely catch 30 to 40 pips even against the trend, always giving us a safe exit.

This allows us to fall naturally back into the wave when price ends up in our direction eventually. Please see screenshot below of how effectively we were able to buy against the trend and then naturally fall back into the trend the last two months. We have consistently done this for the last 17 months with our followers.



The above strategy coupled with our algo generated activations, give us the Bullet proof edge.

We will continue with our plans to buy dips and track the movement level to level, as
our long term projection still remains Bullish. However, we have a high volatility week on the forex calendar and FOMC, so expect swings and gaps both ways. STAY SAFE!

BULLISH TARGETS
1962 - DONE

EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN THE FOLLOWING BULLISH TARGETS
1973
1979
AND POTENTIALLY 1983

BEARISH TARGETS
1956

EMA5 CROSS AND LOCK BELOW 1956 WILL OPEN THE RETRACEMENT RANGE

EMA5 CROSS AND LOCK BELOW 1944 WILL OPEN THE SWING RANGE

SWING RANGE
1923 - 1916

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