GoldViewFX - GOLD MARKET UPDATE
Updated
Hey Everyone,
Once again our chart idea is hitting level to level and playing out in true GoldViewFX style.
As shared throughout the week we HIT all our bullish targets and completed the last target yesterday at 1943. We then so price retrace back in the range where we stated it will now reactivate our levels to track again level to level.
We also stated to keep in mind the retracement level at 1917. This played out today hitting the retracement target at 1917. 1917 is a weighted level and therefore, if you were following our strategy to buy dips, then this level is weighted to give the 30 - 40 pips bounce - BOOOOM. Once again we got the bounce!!!!
This is why we stick with our plans to buy dips, which allows us to handle swings without pressure and capture pips by sitting behind the bull rather than the front, avoiding a crash when it turns. This is how retail traders get taken out.
We will now keep an eye on the chart before we post our new trading plans for next week. Keeping in mind if we get a ema5 lock below 1917, we will see the swing range below open up or a rejection will follow with a continuation up, which we can track using cross and lock above the weighted levels.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1925 - DONE
EMA5 CROSS AND LOCK ABOVE 1925 WILL OPEN THE FOLLOWING BULLISH TARGET
1934 - DONE
1943 - DONE
BEARISH TARGETS
1917
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE SWING RANGE
SWING RANGE
1901 - 1890
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
Once again our chart idea is hitting level to level and playing out in true GoldViewFX style.
As shared throughout the week we HIT all our bullish targets and completed the last target yesterday at 1943. We then so price retrace back in the range where we stated it will now reactivate our levels to track again level to level.
We also stated to keep in mind the retracement level at 1917. This played out today hitting the retracement target at 1917. 1917 is a weighted level and therefore, if you were following our strategy to buy dips, then this level is weighted to give the 30 - 40 pips bounce - BOOOOM. Once again we got the bounce!!!!
This is why we stick with our plans to buy dips, which allows us to handle swings without pressure and capture pips by sitting behind the bull rather than the front, avoiding a crash when it turns. This is how retail traders get taken out.
We will now keep an eye on the chart before we post our new trading plans for next week. Keeping in mind if we get a ema5 lock below 1917, we will see the swing range below open up or a rejection will follow with a continuation up, which we can track using cross and lock above the weighted levels.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1925 - DONE
EMA5 CROSS AND LOCK ABOVE 1925 WILL OPEN THE FOLLOWING BULLISH TARGET
1934 - DONE
1943 - DONE
BEARISH TARGETS
1917
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE SWING RANGE
SWING RANGE
1901 - 1890
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
Trade closed: target reached
Boooom 1925 HIT
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