GoldViewFX - Market UPDATE
Hey Everyone,
Yesterday we had a break and close below the retracement range opening the swing range, which played out perfectly and respected the level for the swing bounce. Today we had a retest of the full swing range again and now also very close to the channel bottom.
This area is a strong support zone. We have been taking buys from this support levels for 30 to 50 Pips and getting our clean exits. We expect this swing range, channel low support and 1904 Goldturn to provide some support for bounces. Potential target to the channel half-line.
However, If the 1904 Goldturn breaks, we will see the lower weighted Goldturn levels open up, in which case we will update the chart levels accordingly for you all.
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
Yesterday we had a break and close below the retracement range opening the swing range, which played out perfectly and respected the level for the swing bounce. Today we had a retest of the full swing range again and now also very close to the channel bottom.
This area is a strong support zone. We have been taking buys from this support levels for 30 to 50 Pips and getting our clean exits. We expect this swing range, channel low support and 1904 Goldturn to provide some support for bounces. Potential target to the channel half-line.
However, If the 1904 Goldturn breaks, we will see the lower weighted Goldturn levels open up, in which case we will update the chart levels accordingly for you all.
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
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