GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS
Hey Everyone,
We have now updated the weighted Goldturn levels and targets for our 4 CHART setup, which we can use to track and trade the movement.
The 4H chart is looking bearish with EMA5 challenging MA50. A cross below MA50 will see the swing range open with 1632 being the first retracement point. Price is sitting right in-between the range and can swing either way. We would look for EMA5 to cross and lock each Goldturn above and below to track this movement.
Price failed to close below 1641 and therefore we may just see support above this Goldturn with a new Goldturn, in which case we may see price head towards our Bullish targets. We will keep the retracement and swing range in mind to pick our sweet spot long entries accordingly.
BULLISH TARGETS
1651
1664
1672
EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN 1691, 1699 AND 1718
BEARISH TARGETS
1641
1632
1625
EMA5 CROSS AND LOCK BELOW 1625 WILL OPEN 1616, 1607 AND 1597
SWING RANGE
1626
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
XAUUSD TOP AUTHOR
We have now updated the weighted Goldturn levels and targets for our 4 CHART setup, which we can use to track and trade the movement.
The 4H chart is looking bearish with EMA5 challenging MA50. A cross below MA50 will see the swing range open with 1632 being the first retracement point. Price is sitting right in-between the range and can swing either way. We would look for EMA5 to cross and lock each Goldturn above and below to track this movement.
Price failed to close below 1641 and therefore we may just see support above this Goldturn with a new Goldturn, in which case we may see price head towards our Bullish targets. We will keep the retracement and swing range in mind to pick our sweet spot long entries accordingly.
BULLISH TARGETS
1651
1664
1672
EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN 1691, 1699 AND 1718
BEARISH TARGETS
1641
1632
1625
EMA5 CROSS AND LOCK BELOW 1625 WILL OPEN 1616, 1607 AND 1597
SWING RANGE
1626
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
XAUUSD TOP AUTHOR
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