GoldViewFX - DAILY CHART ANALYSIS
Hey Everyone,
Please see our daily chart update and our updated Goldturn descending channel. Price has been respecting this channel for a while and now we are seeing price test a strong level of support. 1641 Is a significant challenge on the daily chart.
Daily chart EMA5 cross and lock below this level will open the 1602 AXIS and continue in line with the channel. However, once a channel is respected for a while it is these levels of support that provide the rejection needed to break out of the channel. Should EMA5 fail to cross below 1641 we should see price head to challenge the channel top and potentially breakout for the Bullish TARGET.
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 our daily chart update and our updated Goldturn descending channel. Price has been respecting this channel for a while and now we are seeing price test a strong level of support. 1641 Is a significant challenge on the daily chart.
Daily chart EMA5 cross and lock below this level will open the 1602 AXIS and continue in line with the channel. However, once a channel is respected for a while it is these levels of support that provide the rejection needed to break out of the channel. Should EMA5 fail to cross below 1641 we should see price head to challenge the channel top and potentially breakout for the Bullish TARGET.
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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