As we have successfully hit all our short, mid and long term targets across all our timeframes, please see our updated Goldturn support and resistance levels and targets for our 1H chart setup.
Price broke into the 1800 range once again but with a nice retest AT 1826 for support providing stability in this new range.
We have a ema5 cross and lock break above 1857 opening 1865, 1873 and 1878. 1865 was hit Friday leaving 1873 and possibly 1878 open.
We have a retracement range at 1853 and 1857, which we will keep in mind for potential support tests. A break below the retracement rang will open the swing range.
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 entries, as our plans to continue to buy dips is still in play.
BULLISH TARGETS 1873 - 1878 -
EMA5 CROSS AND LOCK ABOVE 1878 WILL OPEN 1885, 1889, 1896 AND 1904
BEARISH TARGETS 1865 1857 1853
EMA5 CROSS AND LOCK BELOW 1853 WILL OPEN 1849, 1841, 1836, 1833
SWING RANGE 1826 - 1819
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!