GoldViewFX - Market UPDATE

Hey Everyone,

This chart is playing out to perfection!!!

All targets are now complete and we said we only had 1762 left, which is also a weighted Goldturn. This was now HIT today!!!! And followed with the perfect EMA5 rejection just under 1762, as per the arrow on the chart!!

We need to see a break and lock above this level to secure the upper Goldturns or we will see a dip in price from this range, which is happening now and currently finding some dynamic support on the ascending trendline. If the ascending trendline continues to be respected we shall see further move up for another 1762 challenge.

We are waiting patiently this week and only taking calculated entries by waiting for the market to come into our setup zones before entry. This is working perfectly for us during this volatile week.

Any deeper moves down this week will be short lived so taking the right buy entries, as a mid to longer term plan is crucial. Sell entries will only be considered if we see some solid resistance with re-tests otherwise a risky train to jump onto.

AXIS TARGET
1786

BULLISH TARGET
1747 - DONE
1755 - DONE
1762 - DONE

BEARISH TARGETS
1742 - DONE
1736 - DONE
1730 - DONE

SWING RANGE
1723 - 1716


As we said yesterday the best way to trade JACKSON HOLE is to wait for the move and patiently let the momentum exhaust, measuring the momentum using the Goldturns. Ideally we would like to see movement down as deep as the momentum allows, establish a floor and then organically ride the movement up. If it heads up from the start then we already fall in line with our long term projections for Gold with our final Axis Target at 1786.

As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR