GoldViewFX - 4H Chart LEVELS and TARGETS for the week
Hey Everyone,
Please see our updated 4h chart levels and targets.
We are in bearish formation respecting the Goldturn descending channel and currently testing the 1911 Goldturn support. We have 1918, as the immediate Bullish target with a break and lock above this level will provide the momentum to test the channel top.
Price has found support at 1911 for a bounce towards the channel half-line also inline with the target to 1918. Ema5 cross and lock above 1918 will open the range above also inline with the channel top.
We will continue to buy dips using the weighted 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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
Retracement and swing ranges have been updated for correctional retests.
BULLISH TARGETS
1918 -
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1927 -
1934 -
BEARISH TARGETS
1911 -
1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE
1882
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
Please see our updated 4h chart levels and targets.
We are in bearish formation respecting the Goldturn descending channel and currently testing the 1911 Goldturn support. We have 1918, as the immediate Bullish target with a break and lock above this level will provide the momentum to test the channel top.
Price has found support at 1911 for a bounce towards the channel half-line also inline with the target to 1918. Ema5 cross and lock above 1918 will open the range above also inline with the channel top.
We will continue to buy dips using the weighted 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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
Retracement and swing ranges have been updated for correctional retests.
BULLISH TARGETS
1918 -
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS
1927 -
1934 -
BEARISH TARGETS
1911 -
1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE
1882
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
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