GoldViewFX - DAILY CHART STRUCTURE AND ANALYSIS
Hey Everyone,
Please see am updated daily chart structure, As you can see the daily chart is very much in a Bullish stance challenging the resistance structure in the range AT 1817. Although we saw price break above this level, we need to see either a candle body close or for stronger confirmation EMA5 cross with a candle body close above this level to open 1857 Goldturn.
If we see a rejection at this level and as we are seeing now then price will go and test the lower range at 1742. However, this rejection right now may find support above ma200 as EMA5 is still above ma200. If we see MEA5 cross ma200 then it will further solidify the move down to 1742.
The range into 1742 is still within a swing zone and therefore we will remain with our long-term stance to buy dips from these swing zone levels using our smaller timeframe setups to pick entries.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Please see am updated daily chart structure, As you can see the daily chart is very much in a Bullish stance challenging the resistance structure in the range AT 1817. Although we saw price break above this level, we need to see either a candle body close or for stronger confirmation EMA5 cross with a candle body close above this level to open 1857 Goldturn.
If we see a rejection at this level and as we are seeing now then price will go and test the lower range at 1742. However, this rejection right now may find support above ma200 as EMA5 is still above ma200. If we see MEA5 cross ma200 then it will further solidify the move down to 1742.
The range into 1742 is still within a swing zone and therefore we will remain with our long-term stance to buy dips from these swing zone levels using our smaller timeframe setups to pick entries.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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