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 2044 and 2022 Goldturn. We would need to see a break and lock above and below either level to track price to the next range target.
We are now seeing price test support at 2022 Goldturn with a immediate bullish target at 2044.
We would need to see ema5 cross below 2022 level to open the retracement range or support here will see 2044 Goldturn tested.
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
2044
EMA5 CROSS AND LOCK ABOVE 2044 WILL OPEN THE FOLLOWING BULLISH TARGET
2071
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
1999
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE FOLLOWING BEARISH TARGET
1978
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE
SWING RANGE
1961
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 AUTHORR
Please see our updated 4h chart levels and targets for the coming week.
Currently we are seeing price play between 2044 and 2022 Goldturn. We would need to see a break and lock above and below either level to track price to the next range target.
We are now seeing price test support at 2022 Goldturn with a immediate bullish target at 2044.
We would need to see ema5 cross below 2022 level to open the retracement range or support here will see 2044 Goldturn tested.
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
2044
EMA5 CROSS AND LOCK ABOVE 2044 WILL OPEN THE FOLLOWING BULLISH TARGET
2071
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
1999
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE FOLLOWING BEARISH TARGET
1978
EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE
SWING RANGE
1961
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 AUTHORR
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