GOLD 4H CHART MARKET UPDATE

Hey Everyone,

Our 1H chart update yesterday completed the bullish targets followed with the drop shared yesterday completing the bearish targets. We got the swing range bounce, as part of our plans to buy dips and now broken the swing range on the 1h chart.

However, Switching to our 4h chart, we can see after completing all our bullish targets, we got the cross and lock below 2379 opening the 4h swing range, which was also hit today and now testing for support. We are also likely to see our bounce like our 1H chart for a 30 to 40 pip catch.

This area is a crucial test of support. A break and lock below the swing range will open the range below or support here will follow with a retest above at 2379.

We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.

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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2418 - DONE

EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438 - DONE
POTENTIALLY 2453

BEARISH TARGETS
2400 - DONE
2379 - DONE

EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE

SWING RANGE
2357 - 2334 - DONE

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!

Mr Gold
GoldViewFX