GoldViewFX - WEEKLY CHART MID TO LONG TERM OUTLOOK

16 lug 2023

Hey Everyone,

Please see our weekly chart update, which has been playing out on every weekly review.

We stated we were long term Bullish on this chart with short term bearish. We saw price go for a test to the channel bottom, which was supported by 1894 Goldturn for a push up.

This push up was highlighted last week by us due to the price detachment to ema5 above and 1954 AXIS TARGET. This was completely to perfection.

This is a strong area of resistance on the weekly chart with 1954 axis resistance and the channel half line providing resistance. We will no look for ema5 lock above 1954 to open the range above.

Chart look bearish short term with a long term bullish outlook, as the short term target areas have potential for a nice bounce up.

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
XAUUSD TOP AUTHOR