GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS
Hey Everyone,
Please see our updated 4H chart Goldturns and targets.
The 4H chart is looking bearish with price closing with a break below 1817 structure opening the swing range. We will also keep in mind a potential pull back to 1836. The opening of the swing range does not mean the full 1779. Price can test the first level within the swing range at 1797 Goldturn and also find support. Usually we see a reaction or a bounce on any of the Goldturns within the swing range.
The break of the swing range will break a big structural support and potentially open a new range below. Its decision time on the chart so lets see what the market brings this coming week.
Short-term technical structure may look Bearish but the overall long term structure is still in a Bullish framework. We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
Bullish Targets
1836
EMA5 CROSS AND LOCK ABOVE 1836 WILL OPEN 1854 and 1865
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779
SWING RANGE
1779
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 Goldturns and targets.
The 4H chart is looking bearish with price closing with a break below 1817 structure opening the swing range. We will also keep in mind a potential pull back to 1836. The opening of the swing range does not mean the full 1779. Price can test the first level within the swing range at 1797 Goldturn and also find support. Usually we see a reaction or a bounce on any of the Goldturns within the swing range.
The break of the swing range will break a big structural support and potentially open a new range below. Its decision time on the chart so lets see what the market brings this coming week.
Short-term technical structure may look Bearish but the overall long term structure is still in a Bullish framework. We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips.
Bullish Targets
1836
EMA5 CROSS AND LOCK ABOVE 1836 WILL OPEN 1854 and 1865
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 1817 WILL OPEN 1797 AND 1779
SWING RANGE
1779
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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