Hey Everyone,
Quick update before FOMC minutes release.
We had a test earlier to 1902 with ema5 failing to cross and lock giving us the bounce we suggested. We are now seeing another test but this time ema5 locked below 1902 opening the full swing range.
We need to now keep in mind 1895 and 1884 for potential tests and include them in our plans. We expect reaction on these levels for bounces inline with our plans to buy dips
We will continue to use these weighted support levels to catch bounces until we fall back into the long term trend.
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
Quick update before FOMC minutes release.
We had a test earlier to 1902 with ema5 failing to cross and lock giving us the bounce we suggested. We are now seeing another test but this time ema5 locked below 1902 opening the full swing range.
We need to now keep in mind 1895 and 1884 for potential tests and include them in our plans. We expect reaction on these levels for bounces inline with our plans to buy dips
We will continue to use these weighted support levels to catch bounces until we fall back into the long term trend.
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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