GoldViewFX - 4H CHART GOLD PROJECTION FOR THE WEEK

20 août 2023

Hey Everyone,

Please see our updated 4h chart levels and targets.


We are still in bearish formation on this chart with our descending channel being respected. We have 1894, as the immediate Bullish target with a break and lock above this level will provide the momentum to test the channel top.

We also have an immediate bearish target at 1882 retracement range, where we expect a reaction. However, EMA5 cross and lock below 1882 will open the swing range.

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
1894 -

EMA5 CROSS AND LOCK ABOVE 1894 WILL OPEN THE FOLLOWING BULLISH TARGETS
1903 -
1913 -

BEARISH TARGETS
1882 -

EMA5 CROSS AND LOCK BELOW 1882 WILL OPEN THE SWING RANGE

SWING RANGE
1870 - 1860

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
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