GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Happy new year to you all. Please see our updated Goldturn support and resistance levels and targets for our 4H chart setup.

Price was testing the resistance structure at 1822 on our 4H chart setup on market close, which is also inline with the channel half line. This is a resistance level, which is now broken with a new candle body close high opening the upper levels prematurely. However, we would like to see EMA5 cross and lock above 1822 to confirm the candle body close and strengthen these upper levels for a HIT.

We hope to see some more continuation of the Bullish movement when the week starts but will look for EMA5 to cross and lock to confirm the upper levels, to be able to track and trade the levels.

Failure to break 1822 and rejection on the channel half-line and we will see price head back down to test the channel bottom. A cross and lock below the channel bottom also inline with 1802 Goldturn and we will see the swing range open.

We will keep this in mind and track and trade the movement level to level keeping in mind when levels and structures are open with EMA5 to strategically place our buy entries, as our plans to continue to buy dips is still fully in play on tis chart aswell.

EMA5 CROSS AND LOCK ABOVE 1822 WILL OPEN 1828, 1836, 1843 AND 1848

BULLISH TARGETS
1828 -
1836 -
1843 -
1848 -

BEARISH TARGETS
1822
1817
1807
1802

EMA5 CROSS AND LOCK BELOW 1802 WILL OPEN 1793, 1785, 1779, 1772

SWING RANGE 1779 - 1772

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
XAUUSD TOP AUTHOR