GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 4H chart levels and targets. We have also added a axis trendline (our unique trendline drawing method).
1962 has provided a nice suport bounce last Friday for a push up and test to 1982. Price closed at 1977 with a detachment below to ema5 also close to the retracement range and a likely test to 1982 again is also a likely target. We will need a cross and lock above 1982 to open target to 2005.
We have updated the retracement range and swing range accordingly and will use these zones for areas to pick bounces for buys, inline with our plans to buy dips and also to track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets.
We are also in range of the support structure, which is maintaining the Bullish structure. A break below the swing range will open the support structure and if we see the support structure break with ema5 cross and lock then we can expect a dump into the 1800's.
Our long term projection still remains Bullish.
BULLISH TARGETS
1982 -
EMA5 CROSS AND LOCK ABOVE 1982 WILL OPEN 2005
BEARISH TARGETS
1962 -
EMA5 CROSS AND LOCK BELOW 1962 WILL OPEN THE SWING RANGE
SWING RANGE
1942 - 1934
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
