GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

We have updated the 1H chart with the most upto date weighted Goldturns.

Technically we have broken 1755 Goldturn opening the lower Goldturns, However if we see price find support at 1742 then we will see a challenge at 1747 and 1755. We will then look for EMA5 CROSS AND LOCK above 1762 to open the upper targets with a AXIS target at 1786. Failure to break 1762 will see price back in the Bearish Goldturn channel into the lower targets.

We are at a central range so it will will be critical to trade this level to level using the Goldturn break and close strategy to determine move level to level.

We need to take extra caution trading this week due to JACKSON HOLE this week and can expect big moves in either direction. A lot of the sentiments are being priced in as we saw negative pressure on Gold already last week.

BULLISH TARGET
1747
1755
1762

BEARISH TARGETS
1742
1736
1730

SWING RANGE
1723 - 1716


The best way to trade JACKSON HOLE is to wait for the move and patiently let the momentum exhaust, measuring the momentum using the Goldturns. Ideally we would like to see movement down as deep as the momentum allows, establish a floor and then organically ride the movement up. If it heads up from the start then we already fall in line with our long term projections for Gold with our Axis target providing exit should we decide to get in on any buy signals in VIP.

As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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