GoldViewFX - Market UPDATE
Hey Everyone,
Our 1H chart has started to play out with price rejecting at 1977 Goldturn into the retracement range we identified. The retracement range provided a nice bounce. The range is now between 1940 Goldturn and 1977. Unless we see 1940 break with EMA5, we are likely to see another 1977 challenge. As stated yesterday we had a candle body close below 1977 Goldturn leaving a gap open to 1955, which was completed today, as part of the retracement zone.
We are also keeping mind the cross and lock above 1991 updated weighted Goldturn leaving a gap to 2006. However, we will need to see EMA5 break and lock above 2006 to confirm further move up towards the upper levels.
BULLISH TARGETS
2006
EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050
BEARISH TARGETS
1977 - DONE
1955 - DONE
EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1940, 1925, 1913.
SWING RANGE
1925 - 1913
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
XAUUSD TOP AUTHOR
Our 1H chart has started to play out with price rejecting at 1977 Goldturn into the retracement range we identified. The retracement range provided a nice bounce. The range is now between 1940 Goldturn and 1977. Unless we see 1940 break with EMA5, we are likely to see another 1977 challenge. As stated yesterday we had a candle body close below 1977 Goldturn leaving a gap open to 1955, which was completed today, as part of the retracement zone.
We are also keeping mind the cross and lock above 1991 updated weighted Goldturn leaving a gap to 2006. However, we will need to see EMA5 break and lock above 2006 to confirm further move up towards the upper levels.
BULLISH TARGETS
2006
EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050
BEARISH TARGETS
1977 - DONE
1955 - DONE
EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1940, 1925, 1913.
SWING RANGE
1925 - 1913
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
XAUUSD TOP AUTHOR
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