GoldViewFX - Market UPDATE

Jan 11, 2023

Hey Everyone,

As stated yesterday we needed EMA5 to cross and lock above 1878 to open the levels above for a short term target. We got the cross and lock opening the level and had our 1885 target HIT on the nose. Price rejected straight after hitting this target and now found dynamic support on MA84 just above the new retracement range.

Although we remain Bullish, as the upper levels are now open, we will remain prepared for swings down for some consolidation to confirm support. We will manage risk accordingly, as we manage swings, while riding this trend.

As advised already, we still have a primary retracement range at 1853 and 1857, which we will keep in mind for potential support tests. A break below the retracement range will open the swing range.

We will continue to track and trade the movement level to level and our plans to buy dips is still in play, as the structure remains Bullish across all our setups.

BULLISH TARGETS
1873 - DONE - RE ACTIVATED - DONE
1878 - DONE - RE ACTIVATED - DONE

EMA5 CROSS AND LOCK ABOVE 1878 WILL OPEN 1885 - DONE, 1889, 1896 AND 1904

BEARISH TARGETS
1865
1857
1853

EMA5 CROSS AND LOCK BELOW 1853 WILL OPEN 1849, 1841, 1836, 1833

SWING RANGE 1826 - 1819

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

Jan 15, 2023

Trade closed: target reached