GoldViewFX - WEEKLY CHART UPDATE
Hey Everyone,
Please see updates on our weekly chart mid to long term plans.
LAST WEEKS ANALYSIS AND UPDATES ON OUR WEEKLY CHART SETUP:
3/10/22
Weekly chart is also testing a strong level of support. Price has tested 1622 level twice but failed to close below this level. This may provide the rejection needed for a resistance challenge to 1710 our mid-term target. - THIS IS PLAYING OUT PERFECTLY WITH THIS TARGET STILL OPEN
Although the EMA5 cross below MA200 is gearing for a bearish move, this could be a bear trap and therefore any shorts must be taken with caution at this level. It's too dangerous for us to chase this movement down now, as we would like to see how structure support holds first.
- THIS WAS THE PERFECT ADVICE GIEVEN TO EVERYONE LAST WEEK, AS IT DID TRAP TRADERS IN SELLS, WHILE WE CAUGHT THE MOVE UP
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
Please see updates on our weekly chart mid to long term plans.
LAST WEEKS ANALYSIS AND UPDATES ON OUR WEEKLY CHART SETUP:
3/10/22
Weekly chart is also testing a strong level of support. Price has tested 1622 level twice but failed to close below this level. This may provide the rejection needed for a resistance challenge to 1710 our mid-term target. - THIS IS PLAYING OUT PERFECTLY WITH THIS TARGET STILL OPEN
Although the EMA5 cross below MA200 is gearing for a bearish move, this could be a bear trap and therefore any shorts must be taken with caution at this level. It's too dangerous for us to chase this movement down now, as we would like to see how structure support holds first.
- THIS WAS THE PERFECT ADVICE GIEVEN TO EVERYONE LAST WEEK, AS IT DID TRAP TRADERS IN SELLS, WHILE WE CAUGHT THE MOVE UP
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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