GoldViewFX - Market UPDATE - BOOOOOM!!!!!!!

Hey Everyone,

Yes, you guessed it.... We had a PIPTASTIC day today across all our TIME FRAME SETUPS. Please see our 4H CHART setup from the retracement to a lovely push up HITTING all our Bullish Targets above both structures with only 1718 left.

We stated at the start of the week that the 4H chart was looking very much Bullish with the price breaking out of a resistance structure with an immediate gap target open to 1685. We also highlighted that EMA5 had crossed all MAs for a Bullish continuation with the last MA, MA200 being crossed on market close and potentially lock on Market open. This played out to perfection hitting our Bullish targets.

We used our smaller timeframes to take buys from every dip with safe exits and trailed our TPs in VIP.

EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN FOLLOWING BULLISH TARGETS - COMPLETE

BULLISH TARGETS
1685 - DONE
1691 - DONE
1700 - DONE

EMA5 CROSS AND LOCK ABOVE 1700 WILL OPEN 1708, 1718

BULLISH TARGET
1708 - DONE
1718 -

Normally we would expect some retracement after a movement like this. However, if you look at historical blueprints of this type of breakout you will see it can quite easily do a double shift up to stretch out the sellers and also to catch out the traders who are dropping sells in hope of catching a fall. This is where you need to be smart and hold back. We remain Bullish and will look to get back in from any retracement or confirmed signals, if no retracement is given.

We will come back in the morning with our updated analysis for tomorrow's sessions.

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