GoldViewFX - Update on LEVELS and TARGET$$

Jan 27, 2022

We posted this last week and this was a live example of back to Benchmark. We got our 1852 target although we were hoping to also see 1856, which is left open and then FOMC triggered the move down also inline with a strong resistance, we already identified for shorts last week. see below;



This chart played out testing the 1850 zone and then dropping to the floor of the channel. Crucial area for the Bulls to potentially find support.

Although we missed the 1856 Target (see below) which was our final target and inline with some of our channel ceilings, we still remain confident to pick up buys from better entries here.


The chart below, which we have been following all week played out perfect again hitting all targets, however final target slipped and the drop down has now stalled, at the zones we identified as a strong support to still maintain bullish structure for us to buy dips.


Charts and levels all point towards support here and we hope to see some movement up from here. However we will let the FOMC momentum settle before making any strong plans. We are taking signals both ways but will be keeping the LOTS small and just observing till the end of the week.

The Goldturn levels are strong levels, if you follow them, then just watch how they break with EMA5 and candle body close, to confirm next level.

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GoldViewFX
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