GoldViewFX - Market UPDATE

29 בדצמ׳ 2022

Hey Everyone,

As you can see once again our updated idea posted yesterday has once again HIT perfectly as shown by the arrows.

Price is still within the range and with the upper level structure open once again for a challenge at 1822 and 1828.

However, We will continue to buy from support levels and not chase the upper structure without support tests, like we have been, to protect us from swings and provide safe entries. Taking extra caution now due to month and year end potential profit taking...

If we see the channel bottom broken with a EMA5 cross and lock below 1793 then we will potentially see the full swing range. Failure to break below the channel floor and 1793 Goldturn support and we should see price head back up to test the channel top.

BULLISH TARGETS
1802 - DONE
1807 - DONE

EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1817, 1822 and 1828 - DONE

BEARISH TARGETS
1793

EMA5 CROSS AND LOCK BELOW 1793 WILL OPEN 1785, 1779 and 1772

SWING RANGE
1772 - 1779

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR