GoldViewFX - BACK TO BENCHMARK - BASIC ANALYSIS STRATEGY
We promised to share this with some of our newbies and thought it would be good to share it with you all.
This is a prime example of how any Fundamental event related spikes up or down, come back to where the spike started; we refer to this, as Benchmark at GoldView. The framework resets when a strong Range breaker shifts two ranges and in that case it will retrace half the Benchmark.
Looking at current chart, we have done half way, so either it pushes up from here or the lowest we can see it go to for now is 1814.
Hope this helps,
Please don't forget to like, comment and follow to support us
GoldViewFX
XAUUSD TOP AUTHOR
This is a prime example of how any Fundamental event related spikes up or down, come back to where the spike started; we refer to this, as Benchmark at GoldView. The framework resets when a strong Range breaker shifts two ranges and in that case it will retrace half the Benchmark.
Looking at current chart, we have done half way, so either it pushes up from here or the lowest we can see it go to for now is 1814.
Hope this helps,
Please don't forget to like, comment and follow to support us
GoldViewFX
XAUUSD TOP AUTHOR
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