GoldViewFX - Market UPDATE

Hey Everyone,

Another great day for us catching the ride up from our 1938 Goldturn support level, inline with our plans to buy dips. All active targets on this chart are now complete. From the Bullish targets at the start of the week to the retracement target and back up again with a open gap to 1982.

As stated yesterday although the swing range is open, that does not mean a full test but more so a likely open range that we must now incorporate when managing our risk exposure, as we continue with our plans to buy dips from strategic Goldturn support levels to stay in line with our overall long term trend.

This played out as planned with a nice bounce on 1938 Goldturn today for another push up during FOMC with plenty of opportunity to buy the dip.

We will continue to track and trade this range level to level using our Goldturn break and close and continue with our plans to buy dips to avoid swings in this volatile range.

The range above is complete unless we see 2006 broken with EMA5 on the next challenge, in which case we will see the upper levels open. However, the range below is open so we will keep this in mind when continuing with our plans to buy dips inline with our long term trend.

BULLISH TARGETS
2006 - DONE

EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050

BEARISH TARGETS
1982 - DONE
1955 - DONE

EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907

SWING RANGE
1915 - 1907

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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