GoldViewFX - Market UPDATE
Hey Everyone,
Not much action today, as we saw price move slowly throughout today in a tight range and steadily down by just over 100 pips. The break below 1638, as per our chart EMA5 cross and lock opened the swing range.
We are now planning our entries in the swing range to catch some of the bounce. The cross and lock below 1638 opening the swing range has allowed us to map out our entries taking into consideration the range that is now open.
The calendar is packed full of high volatility events this week and not for new traders to play in. Trade demo if you get the itch, otherwise its wiser to sit out this week. Experienced traders keep in mind the overall range and manage your risk with range accordingly.
BULLISH TARGETS
1638
1642
1650
1653
1657
EMA5 CROSS AND LOCK ABOVE 1657 WILL OPEN 1661, 1664, 1668 AND 1673
BEARISH TARGETS
1642 - DONE
1638 - DONE
EMA5 CROSS AND LOCK BELOW 1638 WILL OPEN 1633 - DONE, 1630, 1626 AND 1622
SWING RANGE
1626
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Not much action today, as we saw price move slowly throughout today in a tight range and steadily down by just over 100 pips. The break below 1638, as per our chart EMA5 cross and lock opened the swing range.
We are now planning our entries in the swing range to catch some of the bounce. The cross and lock below 1638 opening the swing range has allowed us to map out our entries taking into consideration the range that is now open.
The calendar is packed full of high volatility events this week and not for new traders to play in. Trade demo if you get the itch, otherwise its wiser to sit out this week. Experienced traders keep in mind the overall range and manage your risk with range accordingly.
BULLISH TARGETS
1638
1642
1650
1653
1657
EMA5 CROSS AND LOCK ABOVE 1657 WILL OPEN 1661, 1664, 1668 AND 1673
BEARISH TARGETS
1642 - DONE
1638 - DONE
EMA5 CROSS AND LOCK BELOW 1638 WILL OPEN 1633 - DONE, 1630, 1626 AND 1622
SWING RANGE
1626
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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