As you can see our our 4h chart idea is playing out to perfection.
As already advised earlier this week, we had EMA5 cross and lock 1865 opening targets 1879, 1895 and 1906 levels. We had our 1879 hit already and today we got our 1895 target HIT - BOOOM!
We now have an open target of 1906 remaining, further strengthened by the 4H candle body close above 1895. Our plans to buy dips from support levels is still the best way to trade these levels and targets, as it helps us manage the big swings effectively.
We will continue to track and trade the movement level to level using our EMA5 cross and lock strategy to confirm the movement.
Please also note the swing range has now been updated on this chart.
EMA5 CROSS AND LOCK ABOVE 1865 WILL OPEN 1879, 1895 and 1906
BULLISH TARGETS 1879 - DONE 1895 - DONE 1906 -
BEARISH TARGETS 1854 - 1836 -
SWING RANGE 1836
EMA5 CROSS AND LOCK BELOW 1805 WILL OPEN 1797, 1788, 1779 AND 1772
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!
The GVFX gold channel is the only channel worth tuning into if you want to make serious money trading gold. If you want to binge watch garbage from the fake gurus and so-called analysts living in a fantasy world they've concocted online, it might be too late before you realise it's all fool's gold.