GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
Our weekly chart update. As you can see from our last update below, we were expecting move down into the swing range before we see a reaction in price. This played out perfectly with a nice push up from the swing range support.
We have a long range target above that still remains open, giving us further confidence with our long term plans to buy dips.
LAST UPDATE
This is the weekly chart we have been tracking since last year. As you can all see, we tracked this move all the way down and then all the way up level to level. We then saw the reaction on the axis trendline resistance for the move down. This Axis trendline was respected perfectly.
There is still room for further movement down as we are seeing price head towards the swing range. The swing range is a strong support zone and we will likely see a reaction within this range.
As you have seen previously, while tracking the weekly chart you we will see swings up and down. The weekly move requires detachment resets that can take a week to hit, making it difficult to establish a intraday setup. Therefore, we will use our smaller timeframe setups to navigate and trade this range level to level, while keeping the overall structure in mind.
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
