GoldViewFX - DAILY CHART UPDATED STRUCTURE
Hey Everyone,
Please see updated daily chart structure and setup.
We have identified and drawn a Goldturn descending channel, which is being respected well. We have also broken down the channel with the weighted Goldturns to track the movement level to level.
We saw a nice support test at channel floor above 1612 Goldturn with EMA5 creating a new Goldturn at 1643. This left Thursdays candle wicked out for the bounce needed for a test at 1675 Goldturn. This level also saw a clean rejection with Friday's daily candle also wicking out. We now have the daily chart range we need to monitor for a breakout.
EMA5 cross and lock above 1675 will open 1709
EMA5 cross and lock below 1643 will open 1612 and 1596
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 and setup.
We have identified and drawn a Goldturn descending channel, which is being respected well. We have also broken down the channel with the weighted Goldturns to track the movement level to level.
We saw a nice support test at channel floor above 1612 Goldturn with EMA5 creating a new Goldturn at 1643. This left Thursdays candle wicked out for the bounce needed for a test at 1675 Goldturn. This level also saw a clean rejection with Friday's daily candle also wicking out. We now have the daily chart range we need to monitor for a breakout.
EMA5 cross and lock above 1675 will open 1709
EMA5 cross and lock below 1643 will open 1612 and 1596
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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