GoldViewFX - MARKET UPDATE
Hey Everyone,
Another awesome day of pip collecting for us. We took buys behind the movement and sell signals down, as per the chart we posted yesterday. The reason why we always take 30 to 40 pips at a time, it helps us to get out early to avoid longer swings and not get stuck by stretching out a target. We always over compensate. This is why we always display the swing range, as it helps us to keep in check.
We expected another challenge to 2060 (WE GOT 2059), just beautiful, followed with some retracement, which we are seeing now. The rejection at 2059 followed with a deeper retracement but still within the swing range. The structure remains Bullish so we are picking up buys but scalping until we see Goldturn created above a previous days Goldturn, which will give us more confidence in jumping back on the Bull. We have a swing range to 1948, which we need to keep an eye on, as we can see EMA5 challenging 2000 Goldturn level and EMA5 about to cross MA21. If this cross happens, we can potentially see 1926, before we jump back on the Buys!
We are letting the price get comfortable in this range for a blueprint for us to follow. Just like we said the 2060 Goldturn was re-challenged again and we were able to catch it safely on the retest. As always we will keep you all updated with any changes to our plans and setups.
We will update the hourly levels and analysis tomorrow before the US session, which will give us enough data to identify some new targets.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
Another awesome day of pip collecting for us. We took buys behind the movement and sell signals down, as per the chart we posted yesterday. The reason why we always take 30 to 40 pips at a time, it helps us to get out early to avoid longer swings and not get stuck by stretching out a target. We always over compensate. This is why we always display the swing range, as it helps us to keep in check.
We expected another challenge to 2060 (WE GOT 2059), just beautiful, followed with some retracement, which we are seeing now. The rejection at 2059 followed with a deeper retracement but still within the swing range. The structure remains Bullish so we are picking up buys but scalping until we see Goldturn created above a previous days Goldturn, which will give us more confidence in jumping back on the Bull. We have a swing range to 1948, which we need to keep an eye on, as we can see EMA5 challenging 2000 Goldturn level and EMA5 about to cross MA21. If this cross happens, we can potentially see 1926, before we jump back on the Buys!
We are letting the price get comfortable in this range for a blueprint for us to follow. Just like we said the 2060 Goldturn was re-challenged again and we were able to catch it safely on the retest. As always we will keep you all updated with any changes to our plans and setups.
We will update the hourly levels and analysis tomorrow before the US session, which will give us enough data to identify some new targets.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
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