Please see our updated 1h chart levels and targets.
Price is ranging sideways between 1910 and 1918. 1918 is a weighted level of resistance and the next Bullish target. We will need to see 1918 break and lock to open the levels above.
1919 and 1902 fall in the retracement test range and likely areas of test. We will keep this in mind when taking buys from dips. A break and lock below 1902 will open the swing range, which will allow us to track the movement down and the catch bounces up. This style allows us to naturally fall back in the long term trend without looking for the bottom or top.
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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS 1918
EMA5 CROSS AND LOCK ABOVE 1918 WILL OPEN THE FOLLOWING BULLISH TARGETS 1937 - 1946 -
BEARISH TARGETS 1910 - 1902 -
EMA5 CROSS AND LOCK BELOW 1902 WILL OPEN THE SWING RANGE
SWING RANGE 1895 - 1884
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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TYPO CORRECTION = 1910 and 1902 FALL IN THE RETRACEMENT TEST RANGE NOT 1919 AND 1902