Goldviewfx

GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Please see our 4H chart idea with updated Goldturn levels and targets.

We saw price challenge 2060 resistance structure last week with a EMA5 rejection on 2046 Goldturn inline with the AXIS TRENDLINE. This followed with a rejection into the 2005 Goldturn support, inline with MA63 AND MA84 to find dynamic support. This is not far from the updated retracement zone.

Don't forget the Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.

We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.

BULLISH TARGETS
2022 -
2039 -
2046 -

BEARISH TARGETS
2005 -
1990 -

EMA5 CROSS AND LOCK BELOW 1979 WILL OPEN THE SWING RANGE

SWING RANGE
1942

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

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