GoldViewFX - DAILY CHART UPDATE

Hey Everyone,

Please see our updated daily chart setup and structure.

PRE-LAST WEEKS UPDATE
The daily chart remains very much Bullish with a candle body close above 1857 opening a gap target to 1879 only. However, if we see EMA5 follow through and cross and lock above 1857 then we will potentially see the full upper range open to the next resistance structure upto 1927.

- This played out to perfection, as we saw the EMA5 cross and lock above 1857 with plenty of opportunity to get in for the movement catching the ride up. We got the movement up all the way from 1857 to 1921, which still leaves a small gap to 1927 open.

LAST WEEKS UPDATE
Our next challenge to track and observe will be a cross and lock above 1927 to open levels upto 1968.

- This is playing out now but EMA5 has not crossed 1927. However, we have 2 candle body close above 1927, which is the first level of confirmation but we will need to see the ema5 cross and lock to confirm this movement and validate the break to open the upper level upto 1968

We need to be mindful and, as always not to chase the bull from the front. We will wait for our usual dips to support confirmed with our signals before taking buys using our smaller timeframe setups, managing a tight and effective risk exposure. This will allow us to absorb these swings safely before riding the wave back up, as you have already seen us do time after time.

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