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GoldViewFX – Market UPDATE for OANDA:XAUUSD by Goldviewfx

Hey Everyone,

Finally, we started to see some of the correctional retracement from the Bull run. However, price is still moving sideways within both support and resistance structures and currently bouncing of the retracement range giving nice scalps.

We took a buy from the first test on the retracement zone just above 1762 Goldturn once we identified the first Goldturn with a perfect TP exit, just below ma84 acting as dynamic resistance, which was also in line with our VIP intraday level.

We expect to see some ranging movement side by side before another breakout. A break and lock below 1752 will open the swing range, in which case we will wait patiently for price to find support before taking a buy with our Intraday levels, calibrated for safe exits for the gold Market. However, should price fail to lock below 1752, we should see price retest 1778 again.

To summarise we are looking for price to break out of either one of these resistance or support structure to determine the next range. We can still safely trade between this range like we have with our VIP levels and signals – 100% HIT RATE FOR NOVEMBER!

Bullish Targets

1778 – DONE

EMA5 CROSS AND LOCK ABOVE 1778 WILL OPEN 1794, 1809 – PENDING

BEARISH TARGETS

1762 – DONE

1752 – DONE

EMA5 CROSS AND LOCK BELOW 1752 WILL OPEN 1730, 1722, 1705. – PENDING

As always, we will keep you all updated with regular updates throughout the week and how we manage the 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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