GOLD 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our updated 4h chart levels and targets.

Just like our 1H chart the 4H chart last week was a perfect example of how our strategy also works against the short/mid term trend.

The break and lock allowed us to track the movement down and our weighted levels allowed us to buys dips for 30 to 40 pips, as you can see on the chart giving the perfect reactional bounces.

We have a bullish target at 1946 and a cross of ema5 above 1946 will open the range above. We also have a open bearish target at 1930 retracement range for a reaction.

EMA5 cross and lock below this level with ema5 will open the swing range.

This is the perfect way for us to catch the turn by naturally falling back into the wave when the time comes.

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 the 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
1946

EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN THE FOLLOWING BULLISH TARGET
1957
1969

BEARISH TARGET
1930

EMA5 CROSS AND LOCK BELOW 1930 WILL OPEN THE SWING RANGE

SWING RANGE
1906 - 1888

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
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