GoldViewFX - Market UPDATE

Hey Everyone,

As expected a slow day with low volume due to LABOR DAY in US.

We have a open TARGET at 1718 confirmed with EMA5 cross and lock above 1712, which is confirmed again with a second cross and lock. EMA5 also crossed and locked below 1712 leaving a gap open to 1704. Generally when the MARKET ranges in a tight range like this, we usually see gaps left open in both direction.

The rest of the week is looking volatile with lots of events on the calendar so we need to keep this in mind, as we expect price to break out of this tight range.

We will look to trade this level to level with EMA5 cross and lock also keeping in mind the highlighted Goldturns that will open up the bigger range on cross and lock.

BULLISH TARGETS
1718
1729
1738

EMA5 cross and lock above 1738 will open 1747, 1754 and 1762.

BEARISH TARGETS
1712 - DONE
1704

EMA5 cross and lock below 1704 will open 1695 and 1685.

SWING RANGE/ STRUCTURE SUPPORT
1685

Our plans to Buy from deeper moves down still remain in play, as we are still well within the swing range.

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