GoldViewFX - 1H CHART MARKET UPDATE

Hey Everyone,

We have been following this 1H chart with you all, hitting all TARGETS and identifying near perfect retracement ranges, using our own strategy and a swing range to manage our risk.

The key now is picking the best entries. Too many people talk a good analysis but actually calling a singular target out is not easy without having a risk and range management plan. This gives us the buffer to fall back into the trend should we get a bad entry. We only really change our plans should a key level like the swing range fail, in which case we stay out till we identify a new floor and then re-apply our trend setups.

Last week we saw price hit our 1855 target and failed to break this. We said should this fail we will see price open the swing range. We are currently seeing price in the retracement range, which can potentially find support here and head back up for another 1855 challenge or a break below 1836 will open the lower range of the swing again.

Bullish TARGETS
1840
1848
1855

Retracement TARGETS
1836
1831

SWING RANGE
1826

STRUCTURE SUPPORT
1805

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

GoldViewFX
XAUUSD TOP AUTHOR