Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test 2390 Goldturn between two weighted level range. We have 2390 Goldturn resistance and 2378 Goldturn support weighted levels. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range.
We will need ema5 to lock above 2390 to confirm the range above. We also have 2378, 2364 and 2355, as the retracement area and will need ema5 lock below this to open the swing range.
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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
EMA5 CROSS AND LOCK ABOVE 2390 WILL OPEN THE FOLLOWING BULLISH TARGET
2403
EMA5 CROSS AND LOCK ABOVE 2403 WILL OPEN THE FOLLOWING BULLISH TARGET
2414
2425
BEARISH TARGETS
2378
EMA5 CROSS AND LOCK BELOW 2378 WILL OPEN THE FOLLOWING BEARISH TARGETS
BEARISH TARGETS
2364
2355
EMA5 CROSS AND LOCK BELOW 2355 WILL OPEN THE SWING RANGE
SWING RANGE
2333 - 2322
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX