Hey Everyone,
We have been following this daily chart for a while now to give an overall picture of the direction. Price found support at the 1804 zone, as identified and then went onto HITTING 1858 target.
We are now looking for a cross and lock above 1858 to confirm further push up to the next Goldturns.
We can also see EMA5 is on the verge of crossing MA21 hopefully with another daily candle, which will confirm the lock. This will provide the momentum needed for another push up. Failure to cross and lock will see price rejected back to low 1800's.
As always we will keep this chart updated to keep in mind the overall picture and structure. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
We have been following this daily chart for a while now to give an overall picture of the direction. Price found support at the 1804 zone, as identified and then went onto HITTING 1858 target.
We are now looking for a cross and lock above 1858 to confirm further push up to the next Goldturns.
We can also see EMA5 is on the verge of crossing MA21 hopefully with another daily candle, which will confirm the lock. This will provide the momentum needed for another push up. Failure to cross and lock will see price rejected back to low 1800's.
As always we will keep this chart updated to keep in mind the overall picture and structure. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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