Morning Everyone,
We had a lovely push up from the swing range, as analysed on our chart setups. We are now seeing the entire movement form FOMC being recovered to BENCHMARK. We have shared this basic setup before. Every time we see news related momentum-based movement, 75% of the time that movement is recovered back to where it started i.e., BENCHMARK. 1654 is currently where our BNEHCMARK is sitting.
We have a primary retracement range at 1643 and a secondary retracement range at 1633. A break below 1633 will open the floor to 1621 once again.
We have NFP today, so we need to trade with caution or stay out. The retracement levels will be used for potential entries should we have signal activations. Our plans to continue to buy dips is still very much in play.
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
XAUUSD TOP AUTHOR
We had a lovely push up from the swing range, as analysed on our chart setups. We are now seeing the entire movement form FOMC being recovered to BENCHMARK. We have shared this basic setup before. Every time we see news related momentum-based movement, 75% of the time that movement is recovered back to where it started i.e., BENCHMARK. 1654 is currently where our BNEHCMARK is sitting.
We have a primary retracement range at 1643 and a secondary retracement range at 1633. A break below 1633 will open the floor to 1621 once again.
We have NFP today, so we need to trade with caution or stay out. The retracement levels will be used for potential entries should we have signal activations. Our plans to continue to buy dips is still very much in play.
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
XAUUSD TOP AUTHOR
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