Goldviewfx

GoldViewFX - WEEKLY CHART UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

This is the weekly chart we have been tracking for a few months now. This chart played out perfectly so far completing the full range of targets and is now continuing to play out into our extended axis target.

LAST WEEKS UPDATE
We are now seeing price respecting and bouncing between 1928 and 1986. We will need to see 1986 AXIS LEVEL break with either a candle body close or ema5 to confirm a breakout above into the final AXIS LEVEL at 2040.

As you can see from last weeks update we saw the move down to attach to EMA5 for dynamic support and then a lovely push up into the axis range falling short just by a small gap. We will continue to track this on the weekly chart and trade this using our shorter time fames, as we have been already. Its high in the range so chasing from the top is not something we will be doing and instead will continue to buy dips.

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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