GoldViewFX - 4H Chart updated LEVELS and TARGETS.
Hey Everyone,
Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channels.
Price finished off last week breaking out of the Descending Goldturn channel and now into the Ascending Goldturn channel (Our unique way of drawing channels).
The switchover has been measured level to level with the Goldturns providing the support, rejection and breakouts inline with the channel levels and half-lines to ride this wave.
Price is now bouncing between 1948 Goldturn and 1963 Goldturn. If 1948 also inline with the half-line continues to support the price we are likely to see a 1963 test.
A cross and lock above 1963 will open a test to the channel top. If 1948 breaks below we are likely to see the full retracement into the channel bottom to look for stronger support. A break and lock below the retracement range will open the swing range. Failure to lock below the retracement range will follow with a continuation above.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels.
Our long term projection still remains Bullish.
BULLISH TARGETS
1963
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976
AND POTENTIAL 1993 AT A PUSH.
BEARISH TARGETS
1948
1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1917
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
XAUUSD TOP AUTHOR
Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channels.
Price finished off last week breaking out of the Descending Goldturn channel and now into the Ascending Goldturn channel (Our unique way of drawing channels).
The switchover has been measured level to level with the Goldturns providing the support, rejection and breakouts inline with the channel levels and half-lines to ride this wave.
Price is now bouncing between 1948 Goldturn and 1963 Goldturn. If 1948 also inline with the half-line continues to support the price we are likely to see a 1963 test.
A cross and lock above 1963 will open a test to the channel top. If 1948 breaks below we are likely to see the full retracement into the channel bottom to look for stronger support. A break and lock below the retracement range will open the swing range. Failure to lock below the retracement range will follow with a continuation above.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels.
Our long term projection still remains Bullish.
BULLISH TARGETS
1963
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976
AND POTENTIAL 1993 AT A PUSH.
BEARISH TARGETS
1948
1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1917
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
XAUUSD TOP AUTHOR
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