GoldViewFX - DAILY CHART UPDATE
Hey Everyone,
Please see updated daily chart structure.
We are at a very crucial support zone on the daily chart identified last week. EMA5 is challenging 1660 Goldturn, which we saw price bounce off last week many times and daily candle failing to close below. However, Friday we saw price close below 1660 but EMA5 failed to cross, leaving room for a recovery this week. We need to watch this challenge closely.
We will be monitoring this chart for EMA5 cross and lock confirmation to track this movement range to range. EMA5 cross and lock below 1660 will open 1610 and 1578.
We will need to see a new Goldturn above structure support to provide momentum for EMA5 to cross and lock above 1660 for a 1700 challenge and a cross and lock above 1705 for a full Bullish recovery.
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Please see updated daily chart structure.
We are at a very crucial support zone on the daily chart identified last week. EMA5 is challenging 1660 Goldturn, which we saw price bounce off last week many times and daily candle failing to close below. However, Friday we saw price close below 1660 but EMA5 failed to cross, leaving room for a recovery this week. We need to watch this challenge closely.
We will be monitoring this chart for EMA5 cross and lock confirmation to track this movement range to range. EMA5 cross and lock below 1660 will open 1610 and 1578.
We will need to see a new Goldturn above structure support to provide momentum for EMA5 to cross and lock above 1660 for a 1700 challenge and a cross and lock above 1705 for a full Bullish recovery.
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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