GoldViewFX - Market UPDATE
Hey Everyone,
As you can see, price is still within the swing range and found support above 1620 Goldturn on market open. We then used our VIP intra-level cross and lock above 1630 to take a buy with a TP to 1638 below 1639 Goldturn for a safe exit, which played out perfectly BOOOM!!! Although we saw price go above 1639 Goldturn, it failed to close above this level confirming resistance.
Those following this chart without VIP access would have identified the EMA5 cross and lock above 1632 Goldturn opening 1639 TARGET, which again was HIT perfectly!!!
As highlighted already, our chart confirmed the open of the swing range. Therefore, we will continue to wait patiently for the right trades, as our setups are still valid. We will use the Goldturns to trade this level to level and the Goldturn support/resistance structures to track the range shift movement.
4H CHART
This chart tested support at channel floor yesterday with a perfect bounce respecting our Goldturn channel today. We will keep any buy exits below the half-line of the channel, as 1640 Goldturn is holding resistance.
BULLISH TARGETS
1647 - DONE
1653
Cross and lock above 1653 will open targets to 1663, 1676, 1687
BEARISH TARGETS
1639 - DONE
1632 - DONE
1620
1611
1603
Cross and lock below 1603 will open targets to 1592, 1586 and 1580.
SWING RANGE
1611
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
As you can see, price is still within the swing range and found support above 1620 Goldturn on market open. We then used our VIP intra-level cross and lock above 1630 to take a buy with a TP to 1638 below 1639 Goldturn for a safe exit, which played out perfectly BOOOM!!! Although we saw price go above 1639 Goldturn, it failed to close above this level confirming resistance.
Those following this chart without VIP access would have identified the EMA5 cross and lock above 1632 Goldturn opening 1639 TARGET, which again was HIT perfectly!!!
As highlighted already, our chart confirmed the open of the swing range. Therefore, we will continue to wait patiently for the right trades, as our setups are still valid. We will use the Goldturns to trade this level to level and the Goldturn support/resistance structures to track the range shift movement.
4H CHART
This chart tested support at channel floor yesterday with a perfect bounce respecting our Goldturn channel today. We will keep any buy exits below the half-line of the channel, as 1640 Goldturn is holding resistance.
BULLISH TARGETS
1647 - DONE
1653
Cross and lock above 1653 will open targets to 1663, 1676, 1687
BEARISH TARGETS
1639 - DONE
1632 - DONE
1620
1611
1603
Cross and lock below 1603 will open targets to 1592, 1586 and 1580.
SWING RANGE
1611
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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