Hey Everyone,
Please see our Daily chart update that we have been tracking. Price bounced off the resistance structure leaving a long term gap to 1992. The rejection played into the Axis support level.
EMA5 previously failed to break this level, which followed with a bounce back up. If we see EMA5 cross and lock below this level then we are likely to see the range below open up.
The range below will also provide dynamic swings throughout the movement, allowing us to buy dips using the smaller timeframes.
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
Please see our Daily chart update that we have been tracking. Price bounced off the resistance structure leaving a long term gap to 1992. The rejection played into the Axis support level.
EMA5 previously failed to break this level, which followed with a bounce back up. If we see EMA5 cross and lock below this level then we are likely to see the range below open up.
The range below will also provide dynamic swings throughout the movement, allowing us to buy dips using the smaller timeframes.
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
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