GoldViewFX - Market UPDATE
Morning Everyone,
What a PIPTASTIC start to the month with our 1H chart playing out perfectly.
The EMA5 cross and lock below 1638 opened the swing range so we were babe to wait for the support test. We then took our planned long entries in the swing range and trailed all the way upto 1645. BOOOM!!
The calendar is packed full of high volatility events this week and so we expect the market to start gear up pre-event with MAs starting to converge.
What to expect today:
We have had EMA5 cross MA21 and MA50 and should now have enough momentum for price to test the remaining MA's above MA84 at 1650. We need to take into consideration MA50 crossing MA200 known as the death cross for the potential of further move down into the swing range again. We expect swings both ways and therefore will use our cross and lock to track and trade the movement up and down.
BULLISH TARGETS
1638 - DONE
1642 - DONE
1650
1653
1657
EMA5 CROSS AND LOCK ABOVE 1657 WILL OPEN 1661, 1664, 1668 AND 1673
BEARISH TARGETS
1642 - DONE
1638 - DONE
EMA5 CROSS AND LOCK BELOW 1638 WILL OPEN 1633 - DONE, 1630, 1626 AND 1622
SWING RANGE
1626
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
What a PIPTASTIC start to the month with our 1H chart playing out perfectly.
The EMA5 cross and lock below 1638 opened the swing range so we were babe to wait for the support test. We then took our planned long entries in the swing range and trailed all the way upto 1645. BOOOM!!
The calendar is packed full of high volatility events this week and so we expect the market to start gear up pre-event with MAs starting to converge.
What to expect today:
We have had EMA5 cross MA21 and MA50 and should now have enough momentum for price to test the remaining MA's above MA84 at 1650. We need to take into consideration MA50 crossing MA200 known as the death cross for the potential of further move down into the swing range again. We expect swings both ways and therefore will use our cross and lock to track and trade the movement up and down.
BULLISH TARGETS
1638 - DONE
1642 - DONE
1650
1653
1657
EMA5 CROSS AND LOCK ABOVE 1657 WILL OPEN 1661, 1664, 1668 AND 1673
BEARISH TARGETS
1642 - DONE
1638 - DONE
EMA5 CROSS AND LOCK BELOW 1638 WILL OPEN 1633 - DONE, 1630, 1626 AND 1622
SWING RANGE
1626
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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