GoldViewFX - Market UPDATE

20 oct. 2022

Hey Everyone,

This chart needs no introduction. We have been tracking and trading this chart all week alongside our 4H chart setup. We saw price break into the swing range confirmed with yesterday's cross and lock below 1637 opening 1627, which played out perfectly!!

We waited patiently for the new Goldturn to confirm the turn and took our long positions, trailed all the way to 1643 collecting over 130 pips, BOOOOM!!!!!

We are now seeing a rejection at 1646 Rangebox top and will wait for price to find support once again. Price is playing between 1646 and 1620. We will need to see a break of either of these levels with EMA5 cross and lock to consider a breakout. If we don't see a re-test of the full swing range now, then 1627 and above will provide the support for another Bull run.

We will wait for EMA5 cross and lock to confirm movement level to level and will update you all in the morning.

BULLISH TARGETS
1646 - DONE
1655 - DONE

EMA5 CROSS AND LOCK ABOVE 1646 WILL OPEN 1657 - DONE

EMA5 CROSS AND LOCK ABOVE 1676 WILL OPEN 1683, 1691, 1698 AND 1708.

BEARISH TARGETS
1637 - DONE
1626 - DONE
1620

EMA5 CROSS AND LOCK BELOW 1620 WILL OPEN 1605 AND 1592

SWING RANGE
1620

STRUCTURE SUPPORT
1592

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!


GoldViewFX
XAUUSD TOP AUTHOR