GoldViewFX - Market UPDATE

Hey Everyone,

We got our 1719 Target HIT, which was identified as a resistance structure and now we are seeing rejection from this level. We may see retracement into 1697 before another push up. However, if we see EMA5 cross and lock with candle body close below 1697, then we will see the full swing Range open. We need to keep this in mind when picking buy entries from support levels and any dips.

Swing range is in line with Benchmark pricing so we can expect this challenge at some point, as we also have a daily chart detachment to EMA5 close to those levels (see below)


We still remain Bullish from dips. Therefore, instead of chasing the sells, we will look for the move to complete and then pick the long from support levels.

Let's see how the Tokyo session plays out, as we still have 1725 Goldturn, as our last Bullish target on this chart now.


As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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