GoldViewFX - WEEKLY CHART UPDATE

Hey Everyone,

This is our weekly chart idea that we have been tracking over the weeks. It has been playing as projected with the push up from support we shared last week. Please review the last update below to stay with the flow of our long term projection on this idea.

We have a candle body close above 1956 leaving a gap to 2000. However, the channel half-line is acting as resistance. EMA5 cross and lock above the 1954 Axis will solidify the move by providing the momentum to break the half line for the range above. We have a candle body close above the axis level but need the ema5 cross for the confirmation.

However, we need to keep in mind we are at the centre of the channel and therefore swings to test the channel bottom or top need to be part of our long term plans. We will use our smaller timeframes to manage this level to level.

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

LAST UPDATE
Hey Everyone,

Please see our weekly chart update, which has been playing out on every weekly review.

We stated we were long term Bullish on this chart with short term bearish. We saw price go for a test to the channel bottom, which was supported by 1894 Goldturn for a push up.

This push up was highlighted last week by us due to the price detachment to ema5 above and 1954 AXIS TARGET. This was completely to perfection.

This is a strong area of resistance on the weekly chart with 1954 axis resistance and the channel half line providing resistance. We will no look for ema5 lock above 1954 to open the range above.

Chart look bearish short term with a long term bullish outlook, as the short term target areas have potential for a nice bounce up.

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