GoldViewFX - MARKET UPDATE

Hey Everyone,

We start the week with our 1H chart playing out in a tight range. Although a tight range our Goldturn channel is being respected well, as the channel half line is providing dynamic support to the price. If this is continues to support above the half line we should see a challenge to the channel top. We took a nice buy for 50 pips from the half-line support with a safe TP.

As stated on the weekend, we are expecting some ranging movement within the channel up and down and will wait patiently for a break and close above the channel top or bottom for a breakout to the next range.

We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets.

Our long term projection still remains Bullish.

BULLISH TARGETS
1990 -

EMA5 CROSS AND LOCK ABOVE 1990 WILL OPEN 2006

BEARISH TARGETS
1965 -
1957 -

EMA5 CROSS AND LOCK BELOW 1957 WILL OPEN THE SWING RANGE

SWING RANGE
1940 - 1929

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