Goldviewfx

Goldview levels & Targets

Goldviewfx Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
price sitting between 1806 and 1787. These levels have been drawn using EMA5 gold turn angles. We are then looking for the EMA5 line to break this level with a 1h CANDLE body close after. This confirmation gives us a target to the next EMA5 gold turn level. We can break down the range using these levels and the EMA5 to confirm which level to target and out of range areas for stops. How someone money manages these levels is critical to the idea and this is something we will share over time.
Trade closed: target reached:
1806 Banked and now the half line of the EMA5 trendline channel being respected. If you look at our channel we draw a half line on all EMA5 channels for intra day exits and entries
Trade closed: target reached:
1787 support also hit. Any price action outside this channel are being respected at the EMA5 levels

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