GoldViewFX - Market UPDATE

Hey Everyone,

As you can see our 4H chart idea has been playing out well with Bullish targets now all Hit, including our extended targets we shared yesterday to 1822 and 1828 - BOOOM!
Price retraced down and found support at our channel floor, where we confidently took our long position for a perfect exit at 1809 confirmed with our algo.

Price is now back in the range and therefore our chart idea is now back in play to track and trade using EMA5 cross and lock, as we continue to buy dips from support levels.

If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range open. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top.

BULLISH TARGETS
1802 - DONE
1807 - DONE

EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE

BEARISH TARGETS
1793

EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772

SWING RANGE
1772 - 1779

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR