GoldViewFX - Market UPDATE

9 thg 6, 2022

Hey Everyone,

Lovely day of milking buys from support levels from the drop. We did take a position at the top, which we covered from positions from the bottom. Breaking down LOTs in small sizes in tight ranges is the best way to handle this market condition when positions get stuck in swings, we call this range management. We run an open and honest channel so like to share everything!

I have updated the 4H chart Goldturns with the most upto date levels. We have a tight range between 1843 and 1853 and price is playing between this closed range. We need to see EMA5 cross and lock outside this range to confirm a breakout to the next Goldturn.

1836 is still providing the overall support for this structure. We will not target the BULL targets directly, as the best approach for us is to buy from support levels, as long as we remain above the swing range. A break below this structure and we will review the 4H chart setup.

Bullish TARGETS
1853, 1865

Bearish RETRACEMENT TARGETS
1843

SWING RANGE
1830, 1836

As always we will keep you updated with any changes to our plans with regular updates throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR