Goldviewfx

GoldViewFX - WEEKLY CHART UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Please see our updated weekly chart, which we have been tracking and trading over the last few months playing out perfectly range to range.

Price is now sitting below the axis trendline and also a new Goldturn has formed below the axis trendline making this chart Bearish. We already saw price head towards the retracement range last week with room still left for more.

We are at the top end of the range here and will be managing our exposure to market effectively, as swings are expected. This is why its important to buy dips when chasing the bull so high up in the range, while riding this trend. The key to riding a full bull trend is from dips and bearish trend from spikes to avoid being chopped up by the market.

We will use our multi timeframe analysis to navigate the range up and down and pick our sweet entries and exits in between.

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

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