GoldViewFX - DAILY CHART UPDATE

Hey Everyone,

Please see last weeks update below on this daily chart idea; We can see price played between the identified range 1927 - 1992 without completing the full retracement range or the full resistance structure test at 1992.

However, we need to keep a close eye on the retracement level challenge, as a break below this level will open the swing range on the daily chart, which is the next weighted support structure.

The analysis and chart ideas is still valid and therefore both range open for a re-test. We will use our smaller timeframes to track and trade this movement level to level.


LAST UPDATE
This is the daily chart idea that we have been tracking over the last few months level to level. We updated this area with the next set of potential movements and then we use our smaller timeframes to track and trade the movement. We are now seeing price target towards the retracement range with still room for 1927 to complete the full range of the retracement. However, this is being supported now by MA84, as dynamic support.

The retracement zone on this chart is also inline with a strong support structure. A break below this level with EMA5 will open the swing range on this chart.

We have highlighted a potential route map of what we expect on this timeframe on the mid to long term projection. This overall long term daily chart structure remains Bullish; we just need to use our smaller timeframe setups to identify break and lock to track the movement level to level and buy dips on the short term bearish structure .

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