GoldViewFX - Market UPDATE

Hey Everyone,

Great finish to the week for us with price heading for the bearish targets, as we expected with 1853 hit, which is also a weighted level. A break below this weighted level will open the lower levels. However, as its a weighted level we expected some support here and took our buy signal all the way to 1867 for a perfect signal TP with protected trail. BOOOOM!

As stated already, we expect swings and also movement towards bearish targets. However, we will continue to use these drops to buy dips with 30 to 50 pip TPs. The long term trend and structure still remains Bullish. Therefore, we will continue to identify the Bearish targets with our Bull targets but only to use for managing swings and identifying potential buy entries from these drops.

Our unique strategies and setups allow us to trade with or against the trend and still bank profits. The key is in identifying the entries and exits, which we do day in day out.

We will now come back Sunday with our updated multi timeframe analysis and trading plans for the coming week.

BULLISH TARGETS
1871 - DONE
1877 - DONE
1883 - DONE

EMA5 CROSS AND LOCK ABOVE 1883 WILL OPEN 1889, 1895, 1901 AND 1907
1889 - DONE

BEARISH TARGETS
1864 - DONE
1853 - DONE
1841

EMA5 CROSS AND LOCK BELOW 1853 WILL OPEN 1841, 1833 AND 1826
1833
1826

SWING RANGE
1792

Have a great weekend all and please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR