GoldViewFX - DAILY CHART MARKET UPDATE

٢ مايو ٢٠٢٢

Hey Everyone,

We posted this chart yesterday and we can see price has challenged the trendline support. This test here is crucial. Although we may see some more movement down and below the GOLDTURN Trendline and inline with MA200 at 1835, we need to keep an eye on EMA5. As long as EMA5 stays above this trendline we will see movement back up.

A break below 1835 will OPEN 1804. EMA5 failure to break the Goldturn trendline drawn using the EMA5 Goldturn will see movement back up to 1873 and a candle body close above 1873 will open 1898.

We will come back tomorrow before US session with a updated hourly chart market review for our short term updated targets and a plan of action. We stayed out for most part of today and only used tiny LOTs for any positions.

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GoldViewFX
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