GoldViewFX - DAILY CHART UPDATED LEVELS & TARGETS$

Hey Everyone,

This is the daily chart we have been tracking for our long range target. This has been playing out perfectly with the bullish momentum challenging the channel top. Our long range target to 1857 is still inline for the setup. Any retracement we would like to see maintain itself above 1797 to continue with the movement up.

As mentioned last week that although we saw price break 1817 level, we need to see either a candle body close or for stronger confirmation EMA5 cross with a candle body close above this level to strengthen the target to 1857 Goldturn. We now have the candle body close, as analysed by us to provide some more Bullish momentum.

If we see a rejection at this level then price will go and test the lower range at 1742. However, this rejection right now may find support above ma200 as EMA5 is still above ma200. If we see EMA5 cross ma200 then it will further solidify the move down to 1742.

The range into 1742 is still within a swing zone and therefore we will remain with our long-term stance to buy dips from these swing zone levels using our smaller timeframe setups to pick entries.

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. . Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR

Trade closed: target reached