GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our updated 4H chart Goldturn support and resistance reaction levels and updated targets.

We have also updated the chart with our Goldturn ascending channel which take out the candle noise and our unique way of drawing channels. The channel support is being tested and may extend into the retracement zone. However, if EMA5 maintains its position above the Goldturn channel support, we should see a push up to at least the channel half-line at 2005.

1991 Goldturn is providing resistance which provided the momentum for the push down to support. A break above 1991 with EMA5 will confirm and solidify the gap target above.

Should we see price break out of the channel for a retracement test, we will need to wait and confirm support above with a Goldturn or a close below the range will open the swing range.

BULLISH TARGETS
1991
2005

EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN
2024
2035
2060

BEARISH TARGETS
1966
1942

EMA5 CROSS AND LOCK BELOW 1942 WILL OPEN 1919 AND POTENTIALLY 1899

SWING RANGE
1919 - 1899

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