GoldViewFX - Market Update

Hey Everyone,

Another day of bearish momentum hitting all the bearish targets as low as 1894. We waited all day for a setup and managed to take a quick buy capture 30 pips and out on a small retracement and we were able to safely exit without getting stuck in the movement down.

We are expecting a re challenge at 1917 and resistance here will give us some confidence to sell and exit using your 20 to 30 pips strategy. A break above 1917 will see price back to challenge the range high at 1945.

1888 is a historical level of support and is a crucial challenge for us to assess our trading plans. This level has held well as support before historically and we expect this level to be respected. A failure here will change our overall Bullish structure in the short term. As always we will keep you all updated with our treading plans accordingly should this level break down to open the lower 1800 range.

We are holding back and taking it slow before committing anything substantial. Taking no or less position in the market at this current time with this volatility is also a great position to be in, to avoid getting stuck with the momentum till we feel more comfortable.

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GoldViewFX
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