Please see 4H chart setup for the coming week with updated upper Goldturns.
EMA5 has crossed MA200 again confirming the Bullish setup. We have a retracement range between 1761 and 1748 for any movement down before resuming Bullish move. However a EMA5 break and lock below 1761 will open the full swing range. We also have a gap target at 1798 left open from last weeks chart setup.
We will continue to trade this level to level with bias towards buying dips strategically picking entries that also allow us to ride swings.
BULLISH TARGETS 1777 1778 1798
BEARISH RETRACEMENT TARGETS 1761 E 1748
SWING RANGE 1730 - 1721
STRUCTURE SUPPORT 1694 -1685
As always we will keep you all updated with any changes to our plans throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!
Keeping a close eye on your bullish targets of 1777, 1788 and 1798. GVFX definitely knows how to strategically pick the dips for buys to ride the swing range while other so-called analysts live in a fantasy world where they swing both ways at the same time with their analysis. Many thanks, GVFX.