GoldViewFX - DAILY CHART UPDATED STRUCTURE

Hey Everyone,

The daily chart saw a rejection from the resistance zone driven by news into just above 1857 Goldturn support. However 1857 is not a strong weighted Goldturn and therefore if momentum continues we may see further move down to 1817, which is a stronger support level for a reaction in price. 1817 area is also inline with MA63, which may also provide some dynamic support and we are also likely to see the remaining MAs magnetise up to form a consolidation area of support.

Our plans to buy dips is still in play and now that we have seen a nice drop in price, we just need to be patient and let the momentum exhaust and then we can safely start taking positions from retests all over again.

Banking in stages with our strategy to buy dips at 30 to 50 pips at a time, instead of chasing the bull by the horn, allowed us to take a perfect exit riding the entire bull run without getting stuck at the top. This is the GVFX style of trading!!

This week is about being patient and waiting for establishing a fresh Blueprint and then we can start HUNTING again. PLEASE BE PATIENT!!!!

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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