GoldViewFX - MARKET UPDATE
Hey Everyone,
Update on our 1H chart idea. We got our first Bullish target at 2013 and then followed with a push down into the retracement range, as highlighted on the chart. The retracement range held perfectly, as support with a nice bounce up.
We will now wait to see if the support provides enough momentum for the full range test back to 2013 - 2025. As long as EMA5 remains above the retracement range the upper targets remain strong. A EMA5 break below 1984 will open the swing range, in which case we will manage our risk accordingly when planning to buy dips.
We plan to continue with our plans to buy dips from strategic support levels.
BULLISH TARGETS
2013 - DONE
2025 -
EMA5 CROSS AND LOCK ABOVE 2025 WILL OPEN 2040, 2050
2040 -
2050 -
BEARISH TARGETS
1994 - DONE
1984 - DONE
EMA5 CROSS AND LOCK BELOW 1984 WILL OPEN THE SWING RANGE
SWING RANGE
1960
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
Update on our 1H chart idea. We got our first Bullish target at 2013 and then followed with a push down into the retracement range, as highlighted on the chart. The retracement range held perfectly, as support with a nice bounce up.
We will now wait to see if the support provides enough momentum for the full range test back to 2013 - 2025. As long as EMA5 remains above the retracement range the upper targets remain strong. A EMA5 break below 1984 will open the swing range, in which case we will manage our risk accordingly when planning to buy dips.
We plan to continue with our plans to buy dips from strategic support levels.
BULLISH TARGETS
2013 - DONE
2025 -
EMA5 CROSS AND LOCK ABOVE 2025 WILL OPEN 2040, 2050
2040 -
2050 -
BEARISH TARGETS
1994 - DONE
1984 - DONE
EMA5 CROSS AND LOCK BELOW 1984 WILL OPEN THE SWING RANGE
SWING RANGE
1960
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
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