GoldViewFX - DAILY CHART UPDATE

Hey Everyone,


Please see the daily chart we have been tracking with an update from last weeks analysis.

LAST WEEKS UPDATE
The daily chart saw a rejection from the resistance zone driven by news into just above 1857 Goldturn support. However 1857 is not a strong weighted Goldturn and therefore if momentum continues we may see further move down to 1817, which is a stronger support level for a reaction in price. 1817 area is also inline with MA63, which may also provide some dynamic support and we are also likely to see the remaining MAs magnetise up to form a consolidation area of support.

- This played out, as analysed with the 1817 challenge and the reaction bounce from support allowing us to capitalise on the move. Beautiful!

Price is still at a crucial level and we need to assess more price action in this range to establish a blueprint. We will trade this remaining month with caution, as a break down below 1817 will likely open the low 1700s. We need to make sure any longs are protected and no long holds on any trades.

Banking in stages with our strategy to buy dips at 30 to 50 pips at a time, instead of chasing the bull by the horn, allowed us to take a perfect exit riding the entire bull run without getting stuck at the top. This is the GVFX style of trading and we must continue to track and trade like this.

This remaining month is about being patient and waiting for establishing a fresh Blueprint and then we can start HUNTING again. PLEASE BE PATIENT!!!!

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
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