Please see our 4H chart updated Goldturn support and resistance levels and targets.
We have also updated out Goldturn ascending channel, which is being respected well. EMA5 failed to lock above 1941, which followed with a rejection down to the retracement zone identified.
We will need to see the retracement level broken for price to break out of the channel to challenge the swing range. Failure to break below the retracement level and we are likely to see another 1941 challenge. A EMA5 cross and lock above 1941 will see price challenge the channel top.
Our plans to buy dips from support levels are still in play and we will continue to track the movement level to level using EMA5 cross and lock.
We would need to see ema5 cross and lock above 1941 to open upper levels, upto the next structure.
BULLISH TARGETS 1941 -
EMA5 CROSS AND LOCK ABOVE 1941 WILL OPEN 1952, 1964 AND 1975
BEARISH TARGETS 1926 - 1916 - 1906 -
EMA5 CROSS AND LOCK BELOW 1906 WILL OPEN 1893 AND 1876
SWING RANGE 1876
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!