GoldViewFX - MARKET UPDATE

Hey Everyone,

Finally waiting patiently last two days for this tight range to give us an opportunity to make pips has paid off. We got a nice drop just below the 1h chart swing range and then we took BUY signals and additional entries trailed all the way to 1845. The market dynamics have changed and we have adapted accordingly with additional layers, smaller LOTs, broken down to manage swings and still make pips!!

We are sitting just above the upper part of the range, closer to hitting the 1848, 1855 Goldturn only if the MA's provide dynamic support. EMA5 has crossed all MA's lining up for another push up. Should the MAs fail to provide support we will see another round of swing below. We are managing risk and range accordingly.

Bullish TARGETS
1840 (DONE)
1848
1855

Retracement TARGETS
1836 (DONE)
1831 (DONE)

SWING RANGE
1826 (DONE)

STRUCTURE SUPPORT
1805

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

GoldViewFX
XAUUSD TOP AUTHOR