GoldViewFX - Market UPDATE

Hey Everyone,

Patience from yesterday paid off, as we waited for price to delve deeper into the swing range and confirm support just above the swing range, for a buy signal all the way up to 1866 for a perfect exit.

We also got our Bullish TARGET of 1867 complete. As you can see by taking these positions from dips is a far safer way to trade these levels with or against the trend can still be profitable. The key is navigating the targets up and down, as you have seen us do.

The full swing range still remains open. Therefore, we need to keep this in mind when taking buys from dips. We also need to keep in mind the gaps left above and back to benchmark levels are also due above.

As long as price remains above 1833 we can continue to buy dips. Should we see a break and lock below 1833, we will adapt our plans accordingly.

The overall long term trend structure is still Bullish , so we just need to be smart in managing this current bearish structure without any big commitments. If we manage the range and the support and resistance levels, we can still trade this level to level.

BULLISH TARGETS
1867 - DONE
1872
1876

EMA5 CROSS AND LOCK ABOVE 1884 will open 1896 and 1903

BEARISH TARGETS
1863 - DONE
1857 - DONE

EMA5 CROSS AND LOCK BELOW 1857 WILL OPEN 1853 - DONE. 1849, 1841 and 1833

SWING RANGE
1833

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
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