GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS
Hey Everyone,
Please see our 1H chart updated Goldturn support and resistance levels and targets.
Price closed last week testing 1798 Goldturn just below the MA200 moving average. We had a EMA5 cross and lock above 1795 last week above the structure opening 1803 and 1807. We saw 1803 HIT and rejected leaving 1807 still open. We need to keep this 1807 target in mind.
If we see price stay above 1795 on market open, we should see another test at 1803 and 1807 that was left open. A break below 1795 and the Goldturn trendline and we could see price back into the retracement range. A EMA5 cross and lock below 1786 and we will see price into the swing range.
We will track and trade this movement level to level keeping in mind when levels and structures are open with EMA5 to strategically place our entries, as we continue to buy from dips.
BULLISH TARGETS
1803
1807
EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1814 AND 1819
BEARISH TARGETS
1795
1791
1786
EMA5 CROSS AND LOCK BELOW 1786 WILL OPEN 1783, 1780, 1777
SWING RANGE 1773 -1777
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Please see our 1H chart updated Goldturn support and resistance levels and targets.
Price closed last week testing 1798 Goldturn just below the MA200 moving average. We had a EMA5 cross and lock above 1795 last week above the structure opening 1803 and 1807. We saw 1803 HIT and rejected leaving 1807 still open. We need to keep this 1807 target in mind.
If we see price stay above 1795 on market open, we should see another test at 1803 and 1807 that was left open. A break below 1795 and the Goldturn trendline and we could see price back into the retracement range. A EMA5 cross and lock below 1786 and we will see price into the swing range.
We will track and trade this movement level to level keeping in mind when levels and structures are open with EMA5 to strategically place our entries, as we continue to buy from dips.
BULLISH TARGETS
1803
1807
EMA5 CROSS AND LOCK ABOVE 1807 WILL OPEN 1814 AND 1819
BEARISH TARGETS
1795
1791
1786
EMA5 CROSS AND LOCK BELOW 1786 WILL OPEN 1783, 1780, 1777
SWING RANGE 1773 -1777
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Volumes will be small over the holidays, but rest assured we will have eyes on the charts with updates throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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