GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our updated 4h chart Goldturn levels and targets.

We saw price challenge 1982 resistance structure last week. This was a weighted level so a failure to break would follow with a rejection, which we saw play out on Friday after NFP.

We are now seeing price head into the retracement range highlighted on the chart with room left for a further drop.

The retracement range is inline with a weighted support level and we expect some support bounce on this range. A break below the retracement range and we will likely see a test to the swing range inline with the Axis trendline.

The retracement and swing range are all areas of potential bounces to capture some movement.


We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets.

Our long term projection still remains Bullish.

BULLISH TARGETS
1962

EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN 1982

BEARISH TARGETS
1942

EMA5 CROSS AND LOCK BELOW 1942 WILL OPEN THE SWING RANGE

SWING RANGE
1918 - 1899

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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