Hey Everyone,
We identified EMA5 cross and lock below 1718 opening 1707 yesterday, which played out today. We also had EMA5 cross and lock below 1707 with a gap to 1693, which was also HIT. These targets allowed us to hold back and wait patiently for the drops to plan any strategic BUYS from those levels to avoid too many premature trades against the short term trend.
We are now seeing price test the support structure, which is a major critical support zone. We expect some rebounds on these levels, that either provide quick scalps or if managed well some longer term buys, dependent on your investment style and strategy.
In major support/resistance tests, we usually have a dump and a pump or a pump and a dump, taking out stop losses. A break below the support structure can easily happen to stretch buyers out before a rebound. These potential situations need to be considered, as part of the risk management plan.
We have NFP tomorrow so the conditions are set for volatility and manipulation. Managing risk and margin is crucial in trading these market conditions.
BULLISH TARGETS
1743 - DONE
1757
1766
BEARISH TARGETS
1730 - DONE
SWING RANGE
1718 - 1707 - DONE
STRUCTURE SUPPORT
1707 - 1693 - DONE
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
We identified EMA5 cross and lock below 1718 opening 1707 yesterday, which played out today. We also had EMA5 cross and lock below 1707 with a gap to 1693, which was also HIT. These targets allowed us to hold back and wait patiently for the drops to plan any strategic BUYS from those levels to avoid too many premature trades against the short term trend.
We are now seeing price test the support structure, which is a major critical support zone. We expect some rebounds on these levels, that either provide quick scalps or if managed well some longer term buys, dependent on your investment style and strategy.
In major support/resistance tests, we usually have a dump and a pump or a pump and a dump, taking out stop losses. A break below the support structure can easily happen to stretch buyers out before a rebound. These potential situations need to be considered, as part of the risk management plan.
We have NFP tomorrow so the conditions are set for volatility and manipulation. Managing risk and margin is crucial in trading these market conditions.
BULLISH TARGETS
1743 - DONE
1757
1766
BEARISH TARGETS
1730 - DONE
SWING RANGE
1718 - 1707 - DONE
STRUCTURE SUPPORT
1707 - 1693 - DONE
As always we will keep you all updated with any changes to our plans throughout the week. 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
We never DM first
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
We never DM first
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.