GoldViewFX - MARKET UPDATE

Hey Everyone,

Please see update on our 4H chart idea.

Not much action in the market due to US holiday. We had some ranging movement down into the first level of bearish support at 1948, just before the retracement range. Price may find support here at this Goldturn level for the bounce up into the first Bullish target at 1963 or a break and close below to complete the full retracement drop.

We will continue with our plans to buy dips using these levels for bounces, track the movement level to level and manage risk accordingly to extend the range if needed.

Our long term projection still remains Bullish.

BULLISH TARGETS
1963
1976

EMA5 CROSS AND LOCK ABOVE 1976 WILL OPEN
1993 - 2005

BEARISH TARGETS
1948 - DONE
1936

EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE

SWING RANGE
1918 - 1899

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
XAUUSD TOP AUTHOR