Goldviewfx

GoldViewFX - WEEKLY CHART UPDATE

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

This is the weekly chart we have been tracking and following for our long-term targets.

Previously we hit our 1858 target, which we identified with our analysis and setups and we also advised that we had a new long range target at 1928 and then 1986. This was confirmed with candle body close only, which is also playing out perfectly. The move up was very aggressive so EMA5 has not had a chance to cross and lock. EMA5 cross and lock will only strengthen these targets further.

As you have seen previously while tracking the weekly chart, we will see swings up and down and a slow climb starting with candle body closes followed with ema5 detachment touches down for retracements before we get a push up to hit the next targets.

Locking at historical movements in this range, we will keep in mind expected swings down, which have historically been good buying opportunities from the dips

We will use our smaller timeframe setups to navigate and trade this range level to level.

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

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