GoldViewFX Projection & update on TARGETS$$

This is an update from yesterdays post.

Al targets being HIT, as mapped out by us. Price is currently challenging 1813 Goldturn resistance. If this holds we will see another drop towards 1800 - 1795. However if we get EMA5 to cross this level with a Goldlturn, then we will safely resume to next target 1822 and 1828.

We are getting signals both ways between these levels and both are getting hit according to the range mapped out.

DAILY CHART VIEW

The daily chart is showing a strong level of resistance here. Usually this is the ideal setup to short on this level. We banked our buys to be safe, however we will not be shorting here yet. The structure here was developed with higher Goldturns, which gives us an early indication that there is a chance for this level to be broken this time.

HOURLY CHART


We have drawn a Goldturn channel, which is being respected well. Price is challenging the central zone of the channel. A break on this level with EMA5 will confirm the movement to the top end of the channel. A rejection here will see us at 1800 again.

So far so good and no changes to our plans. Any change to the market structure and we will be sure to update with a new setup and trading plan.

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