GoldViewFX - END OF WEEK UPDATE
Hey Everyone,
Please see our DAILY chart posted on Sunday. This played out to perfection hitting our target zone in line with ma200.
We had an amazing week catching buys from every dip. Today was NFP yet we bravely committed to our buys, as per our analysis but keeping in mind the retracement due at daily chart EMA5 detachment.
NFP numbers came in with higher numbers then forecast strengthening the dollar, which is negative for Gold. This followed with the price heading down driving traders to sell (PERFECT BEAR TRAP). However, with our experience in the gold markets, we expected the market to resume back into organic technical setup once the noise was over.
Gold then found support at previous high, and we took our additional entries from 1784 and rode all the way up to cover our existing positions and finished the day and week with profit. BOOOM!
Nobody shares a true picture of reversal and range management like we do live in VIP.
We will now come back on Sunday with our full multi timeframe analysis and our trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it.
Have a great weekend all!
GoldViewFX
XAUUSD TOP AUTHOR
Please see our DAILY chart posted on Sunday. This played out to perfection hitting our target zone in line with ma200.
We had an amazing week catching buys from every dip. Today was NFP yet we bravely committed to our buys, as per our analysis but keeping in mind the retracement due at daily chart EMA5 detachment.
NFP numbers came in with higher numbers then forecast strengthening the dollar, which is negative for Gold. This followed with the price heading down driving traders to sell (PERFECT BEAR TRAP). However, with our experience in the gold markets, we expected the market to resume back into organic technical setup once the noise was over.
Gold then found support at previous high, and we took our additional entries from 1784 and rode all the way up to cover our existing positions and finished the day and week with profit. BOOOM!
Nobody shares a true picture of reversal and range management like we do live in VIP.
We will now come back on Sunday with our full multi timeframe analysis and our trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it.
Have a great weekend all!
GoldViewFX
XAUUSD TOP AUTHOR
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