GOLD 4H CHART UPDATED LEVELS & TARGETS

7 janv.

Hey Everyone,

Please see our updated 4h chart levels and targets for the coming week.

Currently we are seeing price play between 2044 and 2055 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target.

We have resistance test open at 2055 Goldturn, which will need ema5 cross and lock above to open 2065 and 2070. We also have our retracement range at 2024, which will need ema5 to lock below 2044 to open otherwise suport here will see the bullish test.

We would need to see ema5 cross and lock below 2024 level to open the swing range or support here will see 2044 Goldturn re-test and a further break and lock above that will open range above again

We will look for each of the weighted levels to be broken with EMA5 to track the movement up or down in true level to level fashion.

We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.

We will continue to buy dips using our 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2055

EMA5 CROSS AND LOCK ABOVE 2055 WILL OPEN THE FOLLOWING BULLISH TARGET
2065
2070

BEARISH TARGETS
2044

EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGET
2024

EMA5 CROSS AND LOCK BELOW 2024 WILL OPEN THE SWING RANGE

SWING RANGE
1999

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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