GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS
Hey Everyone,
Please see updated weighted Goldturns and targets for the coming week. We had a lovely move up end of last week also supported by the double bottom chart pattern. We had an earlier confirmation of the double bottom break out by identifying the two Goldturns above 1622.
1661 Target looks like an immediate target on market open, but we will need to see EMA5 cross and lock above 1661 to confirm the full upper range.
We also have a retracement range to 1644 and should this hold, we will see a continuation of the breakout. However, EMA5 cross and lock below 1644 will open the full swing range.
We will now track and trade this movement level to level with EMA5 cross and lock.
BULLISH TARGETS
1661
1668
EMA5 CROSS AND LOCK ABOVE 1661 WILL OPEN 1668, 1674 AND 1680
BEARISH TARGETS
1652
1649
1644
EMA5 CROSS AND LOCK BELOW 1644 WILL OPEN 1638, 1633, 1629 AND 1626
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
Please see updated weighted Goldturns and targets for the coming week. We had a lovely move up end of last week also supported by the double bottom chart pattern. We had an earlier confirmation of the double bottom break out by identifying the two Goldturns above 1622.
1661 Target looks like an immediate target on market open, but we will need to see EMA5 cross and lock above 1661 to confirm the full upper range.
We also have a retracement range to 1644 and should this hold, we will see a continuation of the breakout. However, EMA5 cross and lock below 1644 will open the full swing range.
We will now track and trade this movement level to level with EMA5 cross and lock.
BULLISH TARGETS
1661
1668
EMA5 CROSS AND LOCK ABOVE 1661 WILL OPEN 1668, 1674 AND 1680
BEARISH TARGETS
1652
1649
1644
EMA5 CROSS AND LOCK BELOW 1644 WILL OPEN 1638, 1633, 1629 AND 1626
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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