Hey Everyone,
Please see 1H chart updated with weighted Goldturns that we will be using this week for cross and lock level to level.
We saw a aggressive move down last week which found support at the support structure with a new Goldturn at 1695 confirming the move up. We expect to see the Bulls come into play but it may not be a one way ride and can expect some re-tests on support to provide the momentum.
We will look to trade this level to level with EMA5 cross and lock also keeping in mind the highlighted Goldturns that will open up the bigger range on cross and lock.
We have a open TARGET at 1718 confirmed with EMA5 cross and lock above 1712.
BULLISH TARGETS
1718
1729
1738
EMA5 cross and lock above 1738 will open 1747, 1754 and 1762.
BEARISH TARGETS
1712
1704
EMA5 cross and lock below 1704 will open 1695 and 1685.
SWING RANGE/STRUCTURE SUPPORT
1685
We have now moved the swing range into the structure support due to the aggressive move last week changing the setup.
Our plans to Buy from deeper moves down still remain in play, as we are still well within the swing range.
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Please see 1H chart updated with weighted Goldturns that we will be using this week for cross and lock level to level.
We saw a aggressive move down last week which found support at the support structure with a new Goldturn at 1695 confirming the move up. We expect to see the Bulls come into play but it may not be a one way ride and can expect some re-tests on support to provide the momentum.
We will look to trade this level to level with EMA5 cross and lock also keeping in mind the highlighted Goldturns that will open up the bigger range on cross and lock.
We have a open TARGET at 1718 confirmed with EMA5 cross and lock above 1712.
BULLISH TARGETS
1718
1729
1738
EMA5 cross and lock above 1738 will open 1747, 1754 and 1762.
BEARISH TARGETS
1712
1704
EMA5 cross and lock below 1704 will open 1695 and 1685.
SWING RANGE/STRUCTURE SUPPORT
1685
We have now moved the swing range into the structure support due to the aggressive move last week changing the setup.
Our plans to Buy from deeper moves down still remain in play, as we are still well within the swing range.
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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