Please see our updated 4H chart Goldturns support and resistance levels and targets.
The chart structure is looking very much Bullish with all MAs lined up for another push up. However, we will continue to trade this level to level confirmed with EMA5 cross and lock. 1801 and 1815 are an open TARGET left from last week.
We will need to see EMA5 cross and lock above 1815 to open the upper levels. We also have a retracement range to 1788 - 1777 to keep in mind when planning any entries. Our plans to buy dips from support levels are still in play. We will look to track and trade the movement level to level using EMA5 cross and lock level to level.
BULLISH TARGETS 1801 1815
EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN 1822, 1833, 1843
BEARISH TARGETS 1788 1777
EMA5 CROSS AND LOCK BELOW 1765 WILL OPEN 1756, 1747, 1738
SWING RANGE 1738
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!