Please see our 4H chart updated Goldturn levels and targets.
Please also see our updated Goldturn channel (our unique way of drawing channels). We are seeing price test the channel bottom for support with a immediate 1958 Goldturn resistance test. A break above this test will open target to 1976 Goldturn, which is also inline with the channel half line.
A break above the half-line with a ema5 cross and lock above 1976 will open the levels towards the channel top.
A break below the channel bottom will open the retracement range for a test and bounce. A cross and lock below the retracement range will open the swing range.
We need to keep the above in mind and continue with our plans to buy dips using our levels and algo activations.
We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels and weighted structures.
Our long term projection still remains Bullish.
BULLISH TARGETS 1976
EMA5 CROSS AND LOCK ABOVE 1976 WILL OPEN THE UPPER RANGE
BEARISH TARGETS 1948 1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE 1917
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!
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