FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly.

We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection.

We will need to see ema5 lock above this level to see a continuation to the range above.

We also got out our bearish support target at 2326 and no ema5 cross and lock and therefore we got the rejection and bounce for the retest above completing our Bull target inline with our plans to buy dips

We will see rice now play between these two weighted level until we see a cross and lock on either weighted level to confirm the next range.

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
2389 - DONE

EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429

EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490

BEARISH TARGETS
2326 - DONE

EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE
2294
2274

EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE

SWING RANGE
2196 - 2180

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

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