GoldViewFX - Updated LEVELS & TARGET$$

Hey Everyone,

As you can see our trading plan has played out perfectly!! We saw price test the support area 1811, as identified on the chart and then followed by the anticipated breakout to MA200, 1822, 1836 and 1847.

We are expecting another challenge to 1847. An EMA5 break and lock above 1847 will confirm further move up to 1855, 1861. 1861 is a gap that has also been left open from the previous run.

It will be nice to see a retracement challenge at 1836 and see this level turn into a support level to continue further movement up. Failure to hold this level as support will see price head back for 1822 and 1811 for support.

Please see the 1H chart below with the potential setup broken down using our ascending Goldturn channel, which price has just broken out of with ema5 lock. The maximum retracement we can see for now is 1830 should price break back into the channel otherwise a clean breakout is taking place.


As always we will keep you all posted with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR