GOLD 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
Currently we are seeing price play between 2044 and 2071 Goldturn. 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 2044 Goldturn and also a bullish retest at 2071. We would need to see ema5 cross and lock below 2044 level to open the retracement range or support here will see 2071 Goldturn re-test and a further break and lock above that will open 2088.
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
2088
BEARISH TARGETS
2044
EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
2022
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE SWING RANGE
SWING RANGE
1999
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
Goldking
GOLD 4H CHART UPDATED LEVELS & TARGETSHey 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
GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATEHey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months.
Last week we highlighted that we are seeing price in our updated swing range zone and expect reaction on this zone. This played out perfectly, as the swing range providing the swing straight into the axis target once again.
We are now seeing price back in the channel and will need to see a break above 2048 to establish a range back in the Goldturn channel.
We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
MR GOLD
Gold Liquidity Grab ?!Gold rejects 1758 at major demand level, huge wick on the H4 candle, looks for a long into 1793x1795 and a break would bring us to 1804!
small amount of traffic on the way up, first target is 1785 where we will slow down before blasting through!
1:4 RR if you take this trade
1% Risk for a 4% return!
GOLD KING
Gold Bullish Push InsightWe have gold trading at a nice range here. I am expecting gold to break 1745 and target 1755x1760 area, we have grabbed liquidity at 1730ish area for buy orders to take control, NY volume will anticipate a push higher in the session! Lets monitor!
1:8 RR if you take this trade
Levels will be broken!
Xau/UsdMy analysis until June 19th. With futures contracts expiring on the 19th i expect gold to either retest this 1763 area or even break higher until 1772 with strong seller rejection back at this level in 2012. Gold continues to stay above the 200 ma waters but is at small momentum and will ultimately lose a bit on possible profit taking during expiration of contracts. This leave will leave opportunities on the table for all institutions of traders to get in on price action before volatility explodes to either side. Am overall bullish but always staying optimistic at key levels. :)