GoldViewFX - WEEKLY CHART UPDATE

Hey Everyone,

This is the weekly chart we have been tracking and following for our long-term targets.

Another weekly candle body close above 1787. We did see some retracement down last week. However, as you can see, this retracement was due to the detachment to EMA5. Soon as price attached to the EMA5, we saw price continue to push back up and break 1787.

We have now seen two weekly candle body close above 1787 opening up a long range gap to 1858. However, please keep in mind a similar situation highlighted on the chart previously. We can still see a rejection on this zone for a bigger drop into the lower range, as seen on the last challenge. We need to see EMA5 cross and lock above 1787 and not just candle body close to confirm the break and gap target to 1858. This is how we confirm whether it's a breakout or fake out.

We will use our smaller timeframe setups to navigate this range level to level.

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
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