GoldViewFX - Market UPDATE

Hey Everyone,

This chart needs no introduction. Another fantastic day of trading at VIP!!

We waited patiently once again for the perfect entry and milked the same range all the way to TP. We have now completed all BEARISH TARGETS and BULLISH TARGETS of 1747 and 1755 also now complete. Only 1762 left, which is also a weighted Goldturn and a break and lock above this level will secure the upper Goldturns or we will see a dip in price from this range.

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.

BULLISH TARGET
1747 - DONE
1755 - DONE
1762

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 Axis target providing exit should we decide to get in on any buy signals in VIP .

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