GoldViewFX - WEEKLY CHART UPDATE

Hey everyone,

Wanted to share the updated weekly chart that we have been following. As mentioned last week we are in the demand zone and perfectly geared to BUY, which played out perfectly with an exit at 1738 on the weekly chart.

MA200 on the weekly chart is sitting at 1653, even if this gets pulled up it can still meet close to this range in weeks ahead and we must consider this in managing our risk accordingly. Although 1680 is providing good a support for now. We must also consider the counter pull from EMA5 detachment above close to 1765.

The weekly chart is still in a critical support zone and looking bearish. However a challenge and ema5 break above 1776 will change the structure to Bullish again and we expect this challenge. We continue to BUY from dips, as long term we are still in a critical support zone /close to good liquidity zones, making it safer to take BUYS with protection.

We expect some ranging in this new range with some more tests on this support range before we see price head back up long term. Therefore waiting patiently for the right entry is key to avoid any swing traps.

We will keep this chart updated with any significant changes to the structure. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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