Goldviewfx

GoldViewFX - Updated LEVELS and TARGET$

OANDA:XAUUSD   金/米ドル
Hey All,

Just a quick update and illustration of what the price is trying to do. The Goldturn trendline is giving us a steady move up with enough time to assess any change in the structure.

If EMA5 finds support close to 1838, then we will see the move up towards the upper targets. However, as you can see from the blue triangle sitting below the Goldturn trendline, we can expect retracements down to 1830 and it will still support the structure to buy dips.

1830 level will also be the half way mark from benchmark; if price finds support at 1830 and starts the Bull Run, then we said this happens (see related back to benchmark post below) when price shifts a range and therefore price doesn't need to go back to benchmark, otherwise we would always see price come back to Benchmark 1816 level.

We will remain Bullish above 1816, and any changes to our plans we will keep you all updated.
FOMC is tomorrow so I will only be taking small LOTs and low exposure.

Please don't forget to like the post, comment and follow, we really appreciate it.

GoldViewFX
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