Goldviewfx

GoldViewFX - WEEKLY CHART UPDATE

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

Please see our updated weekly chart long term range and targets. Just like our monthly chart we have identified a AXIS trendline for this chart aswell.


We have also update a new updated long range/term target at 2107 AXIS.

Price is also at a crucial part of the range on this chart also testing and playing on the axis trendline. We will need to see price close above the axis trendline this week to open the range above. Ema5 cross above the axis trendline will further support the movement. If we see price and EMA5 play under the AXIS trendline then we can expect price to test 1928 retracement range first and then potentially 1858 swing range Goldturn for a retest and to establish support for a bounce.

We will now use the smaller timeframes to track and trade the movement level to level keeping our long term chart idea idea in mind.

We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.


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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