Hey Everyone,
As mentioned yesterday price was playing between the structure 2006 and 2021 and we needed either one to break to confirm movement to the next structure. First we had a test on the retracement range, which gave a nice bounce that allowed us to capture clean 50 pips.
We then finally got one of the structure break at 2006 with ema5 opening and confirming the swing range target, which we are now seeing hit and challenged. Our setup strategy and this chart idea has allowed us to track the movement up and down level to level.
The swing range is not fully complete and has room for further move down but its well within the support structure so can expect some bounces up to capitalise on. We expect to see some side by side ranging movement on this range to establish range before a fresh breakout.
We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated axis targets.
Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold.
BULLISH TARGETS
2021 - DONE
EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47
BEARISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1989 - 1977
1989 - DONE
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
XAUUSD TOP AUTHOR
As mentioned yesterday price was playing between the structure 2006 and 2021 and we needed either one to break to confirm movement to the next structure. First we had a test on the retracement range, which gave a nice bounce that allowed us to capture clean 50 pips.
We then finally got one of the structure break at 2006 with ema5 opening and confirming the swing range target, which we are now seeing hit and challenged. Our setup strategy and this chart idea has allowed us to track the movement up and down level to level.
The swing range is not fully complete and has room for further move down but its well within the support structure so can expect some bounces up to capitalise on. We expect to see some side by side ranging movement on this range to establish range before a fresh breakout.
We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated axis targets.
Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.
Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold.
BULLISH TARGETS
2021 - DONE
EMA5 CROSS AND LOCK ABOVE 2021 WILL OPEN UPPER LEVELS 2036 AND 2O47
BEARISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1989 - 1977
1989 - DONE
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
XAUUSD TOP AUTHOR
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 t.me/GoldView_FX
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.