GoldViewFX - Market UPDATE

Hey Everyone,

Fantastic start to the week.

We got the Goldturn above 1810 when market opened. We highlighted this on our analysis below, which confirmed the move up. However, it followed with a move down allowing us to get our long positions in for a perfect entry, taking a nice take profit at 1816 for a safe exit confirmed with our signal.

The move down before pushing up also broke the 1810 level leaving gaps open below into the swing range. As mentioned before the swing range does not mean a full test but even staying within the swing range will allow us to buy dips, taking safe entries for safe exits on Goldturn resistance levels.

Gaps are left up and down. Trying to catch both is what the market wants. We will, as always trade this one way.

LAST POST
Please see our updated 1H chart Goldturns and targets.

Price is currently testing a support structure at 1810. EMA5 has started to do a turn just before the market closed but not a full Goldturn. First few hours of market open is crucial, as a confirmed full Goldturn above 1810 will confirm a immediate bounce to 1824, as the next target and a cross below 1810 will open targets towards the swing range. EMA5 cross and lock above 1824 will open targets upto the next resistance structure.

Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.

BULLISH TARGETS TARGETS
1824

EMA5 CROSS AND LOCK ABOVE 1824 WILL OPEN 1833 and 1841

BEARISH TARGETS

EMA5 CROSS AND LOCK BELOW 1810 WILL OPEN 1802 AND 1792

SWING RANGE
1792 - 1785

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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