GoldViewFX - 1H CHART MARKET UPDATE

Hey All,

Quick update on the 1h chart, we got the drop like we anticipated with the BENCHMARK, however the BENCAMRK is not quite done so we need to take caution of further drops. My swing range is also inline with the BENCHMARK.

For now we have stuck to the plans and buying from drops. We had two buy signals that have already TP'd and now taking buys from dips and banking at Goldturns. This is playing out perfectly. We are keeping in mind the swing range and using the correct LOT size to match our risk appetite.

We have FOMC meeting at 7pm GMT UK and therefore will now keep it light with small LOTs. I would rather wait for FOMC volatility to provide a better entry for the buys then get stuck now in any trades. However nobody likes to miss a party so ill take small positions before for good measure, lol.

We remain Bullish above 1824, any break below 1824 with EMA5 will open all the Lower Goldturns. We will keep you all updated with any changes to our plans.

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GoldViewFX
XAUUSD TOP AUTHOR

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