GoldViewFX - WEEKLY CHART UPDATE

Hey Everyone,

Please see our weekly chart update.

As stated last week and same again this week the swing range providing the range to buy dips and yet again we saw this play out with a nice bounce back up from the swing range. However the difference this week is we have a weekly candle body close above 1858 leaving the range above open.

Please remember weekly charts ideas are not one way setups. 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. We can expect swings down and therefore, we will use our smaller timeframe setups to navigate and trade this range, level to level, while keeping the overall structure in mind.

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 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