GoldViewFX - Market UPDATE

Hey Everyone,

We had a lovely start to the day catching the move up and trailing it to 1718, as confirmed yesterday with EMA5 cross and lock above 1712, which was also confirmed again with a second cross and lock. EMA5 also crossed and locked below 1712 leaving a gap open to 1704, which was also HIT.

We are now seeing price head down and test 1700 with 1695 - 1685 open, as the weighted Goldturn at 1704 has been broken. However, as we are entering into the swing range we will not consider shorting here for this target and instead consider buying dips. Important to trade with healthy margin, as volatility is expected with mid to high volatility events on the calendar for the remainder of the week.

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 - DONE
1729
1738

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

BEARISH TARGETS
1712 - DONE
1704 - DONE

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
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