Hey Traders,
Here’s our updated 4-hour chart analysis and targets for the upcoming week:
We are observing EMA5 and price fluctuating between two weighted levels, with a gap above at 2726 and a gap below at 2694. A decisive cross and lock by EMA5 above or below the weighted Goldturns will confirm the next directional range.
Until one of these weighted levels breaks and locks, we anticipate testing between them. This will help us identify the directional bias for the next significant movement.
Our approach remains focused on buying dips. We’ll use our updated levels and weighted zones to monitor downward movement, then capitalize on upward bounces.
We aim to continue buying dips using our support levels, targeting 30–40 pips per trade. As previously mentioned, our level structures typically provide 20–40 pip bounces, offering consistent opportunities for effective entries and exits.
Bullish Target: 2743
Bearish Target: 2682
Stay sharp, and let’s make the most of the upcoming moves!
BULLISH TARGET
2718
EMA5 CROSS AND LOCK ABOVE 2718 WILL OPEN THE FOLLOWING BULLISH TARGET
2736
EMA5 CROSS AND LOCK ABOVE 2736 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2694
EMA5 CROSS AND LOCK BELOW 2694 WILL OPEN THE FOLLOWING BEARISH TARGET
2665 -70 (Retracement Range)
EMA5 CROSS AND LOCK BELOW 2670 WILL OPEN THE FOLLOWING BEARISH TARGET
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE SWING RANGE
SWING RANGE
2600
As always, we’ll keep you updated throughout the week with regular insights on how we’re managing active ideas and setups. Thank you all for your continued support, including your likes, comments, and follows – we truly appreciate it!