GoldViewFX - MARKET UPDATE

Hey Everyone,

And we finish off another great week of collecting positive pips buying dips, as per our long term trend target. We used our smaller timeframe chart ideas to navigate the week.

As you can see from the last updates below, this week we completed the small detachment that was due completing the retracement. This provided the dynamic support needed for the push up, which we captured buying dips on the smaller timeframe ideas.

We will now come back Sunday with our multi timeframe analysis and trading plans and ideas for the coming week.

Hope you all have a great weekend with family and loved ones.

GoldViewFX
XAUUSD TOP AUTHOR

LAST UPDATE
Please see update on the monthly chart idea that we have been tracking. We now have a new candle for the month with a small ema5 detachment below highlighted with the circle also inline with the channel half line support. Chart look bearish short term with a long term bullish outlook, as both bearish target (detachment and channel half-line) areas have potential for a nice bounce up.

We will continue to monitor and track this chart.

LAST UPDATE
Our long term projection on the monthly chart looks Bullish with ema5 cross above 1878 Goldturn opening the range above. Price and ema5 is also sitting above the channel half line further supporting the bullish structure. However, start of the month had a big detachment below opening room for retracement below, highlighted by the blue circle. This detachment is now nearly complete and only a small gap left, which is not worth chasing but just to keep in mind when managing swings on the smaller timeframes.

Our plans long term to buy dips is still in play and we will continue to use the smaller timeframes to track and trade the range 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