GoldViewFX - MARKET UPDATE

Hey Everyone,

After banking profits yesterday, we waited patiently today for the drop to take place from the rejection. Our weekly chart idea shows the target level for this drop into the retracement range, playing out perfectly. Our 4h CHART is already in the swing range test and may see some bounces for scalp buys but not for a full turn, as there is room for more movement down, until we see our higher timeframes daily/weekly into a bullish turn with ema5.

We will stick with our long term trend buying dips but manage swings for entries on the mid term bearish trend.

We will use our multi timeframe analysis to navigate the range up and down and pick our sweet entries and exits in between.


LAST WEEKLY UPDATE

Price is now sitting below the axis trendline and also a new Goldturn has formed below the axis trendline making this chart Bearish. We already saw price head towards the retracement range last week with room still left for more - THIS PLAYED OUT EXACTLY HOW WE SAID ON SUNDAY

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
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