GoldViewFX - 4H chart Market UPDATE
Hey Everyone,
Please see update on our 4H chart setup from Sunday. This has played out to perfection with our final target at 1797 being HIT. This target was open from the EMA5 cross and lock above 1755 confirming the target and the failed EMA5 cross at 1739 forming a double bottom also confirming the push up.
We are now seeing price above 1797 and a candle close above 1800. However, we will need to see EMA5 cross and lock above 1797 to open the upper structure 1815 and then 1836.
We have NFP tomorrow so can expect swings and need to take this into consideration before committing to any positions. When we see a breakout like this into a new range after a while, we usually wait for a new blueprint of the range confirmed with a few retests on support and resistance to confirm a range, otherwise price can leave the range, as fast as it came into it.
Our plans to buy dips from support levels is still in play. We will look to track and trade the movement level to level using EMA5 cross and lock level to level.
BULLISH TARGETS
1755 - DONE
1778 - DONE
1797 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Please see update on our 4H chart setup from Sunday. This has played out to perfection with our final target at 1797 being HIT. This target was open from the EMA5 cross and lock above 1755 confirming the target and the failed EMA5 cross at 1739 forming a double bottom also confirming the push up.
We are now seeing price above 1797 and a candle close above 1800. However, we will need to see EMA5 cross and lock above 1797 to open the upper structure 1815 and then 1836.
We have NFP tomorrow so can expect swings and need to take this into consideration before committing to any positions. When we see a breakout like this into a new range after a while, we usually wait for a new blueprint of the range confirmed with a few retests on support and resistance to confirm a range, otherwise price can leave the range, as fast as it came into it.
Our plans to buy dips from support levels is still in play. We will look to track and trade the movement level to level using EMA5 cross and lock level to level.
BULLISH TARGETS
1755 - DONE
1778 - DONE
1797 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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