GoldViewFX - MARKET UPDATE

Hey Everyone,

Please see update on our 4H chart idea.

We got the bounce from 1948 like we suggested yesterday but for 30 pips trailed and not the full 1963 before the drop. The drop completed the full retracement range, now also completing 1936, as the last bearish target in this structure.

Price is now testing a crucial support area also inline with the channel top for a potential bounce up. A break and lock below this range will open the swing range.

We will continue with our plans to buy dips using these levels for bounces, track the movement level to level and manage risk accordingly to extend the range if needed.

Our long term projection still remains Bullish.

BULLISH TARGETS
1963
1976

EMA5 CROSS AND LOCK ABOVE 1976 WILL OPEN
1993 - 2005

BEARISH TARGETS
1948 - DONE
1936 - DONE

EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE

SWING RANGE
1918 - 1899

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