Goldview XAUUSD Report

Hourly Chart:

Support and Resistance range currently 1780 - 1810
- Current bounce off at 1810 resistance also held strong by previous EMA5 turn resistance. (Previous posts show how we draw this)
- All our gold setup moving averages are below price movement and acting as support that is currently being challenged
- price has been bullish yet giving ample opportunities to pick up buys
- EMA5 has crossed MA21 and currently challenging MA63 AND MA84
- Next support level 1778

H4 Chart:
Support and Resistance range 1795 - 1804
- Strong bounce off at 1810
- Currently challenging support at MA63 which is inline with 1782 resistance
- if support at 1782 is broken next level to challenge will be 1775 which sits just below MA84

D1 Chart:
Support and Resistance range 1770 - 1810
- Strong upward momentum
- Bounce of at 1810 resistance
- current challenge on ma84 and ma63. If this level is broken next level to challenge will be 1780 and then 1770

All charts are pretty much respecting the range and support and resistance levels. Price is still looking bullish with good dips to provide buying opportunities. Stay tuned throughout the week, to see how we use our ideas to pick up trades and take profit in this range.