Hey Everyone,
Please see our 4H chart update. Another fantastic setup, which played out perfectly. Our Goldturn channel half line provided the support for the bounce all the way up hitting all our Bullish Targets from 1963 to 197
We also stated there is the potential for 1993. We are at crucial test point with price now sitting outside the channel with the channel top providing support and on the other side price is also testing resistance at 1976.
A cross and lock above 1976 will confirm the movement to 1993. Failure to cross with a new Goldturn below 1976 will see price break back into the channel to look for support.
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.
Our long term projection still remains Bullish.
BULLISH TARGETS
1963 - DONE
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976 - DONE
AND POTENTIAL 1993 AT A PUSH.
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!
GoldViewFX
XAUUSD TOP AUTHOR
Please see our 4H chart update. Another fantastic setup, which played out perfectly. Our Goldturn channel half line provided the support for the bounce all the way up hitting all our Bullish Targets from 1963 to 197
We also stated there is the potential for 1993. We are at crucial test point with price now sitting outside the channel with the channel top providing support and on the other side price is also testing resistance at 1976.
A cross and lock above 1976 will confirm the movement to 1993. Failure to cross with a new Goldturn below 1976 will see price break back into the channel to look for support.
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.
Our long term projection still remains Bullish.
BULLISH TARGETS
1963 - DONE
EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS
1976 - DONE
AND POTENTIAL 1993 AT A PUSH.
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!
GoldViewFX
XAUUSD TOP AUTHOR
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