GOLD 4H CHART UPDATED LEVELS & TARGETS
Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
Currently we are seeing price play between 2059 and 2071 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target.
We have support test open at 2059 Goldturn and also a bullish retest at 2071. We would need to see ema5 cross and lock below 2059 level to open the retracement range at 2044 or support here will see 2071 Goldturn re-test and a further break and lock above that will open 2080 and 2090.
We will look for each of the weighted levels to be broken with EMA5 to track the movement up or down in true level to level fashion.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2071
EMA5 CROSS AND LOCK ABOVE 2071 WILL OPEN THE FOLLOWING BULLISH TARGET
2080
2090
BEARISH TARGETS
2059
EMA5 CROSS AND LOCK BELOW 2059 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
2044
EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE SWING RANGE
SWING RANGE
2029 - 2014
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 updated 4h chart levels and targets for the coming week.
Currently we are seeing price play between 2059 and 2071 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target.
We have support test open at 2059 Goldturn and also a bullish retest at 2071. We would need to see ema5 cross and lock below 2059 level to open the retracement range at 2044 or support here will see 2071 Goldturn re-test and a further break and lock above that will open 2080 and 2090.
We will look for each of the weighted levels to be broken with EMA5 to track the movement up or down in true level to level fashion.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2071
EMA5 CROSS AND LOCK ABOVE 2071 WILL OPEN THE FOLLOWING BULLISH TARGET
2080
2090
BEARISH TARGETS
2059
EMA5 CROSS AND LOCK BELOW 2059 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
2044
EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE SWING RANGE
SWING RANGE
2029 - 2014
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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