GOLD 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our updated 4h chart levels and targets for the coming week.

We had a continuation of the strong move up last week with price finishing off with testing weighted resistance at 1955 on the 4H chart and then support at 1980.

EMA5 cross above 1995 will open the levels and range above to track and trade or a cross and lock below 1980 will open the retracement range at 1960 - 1944 correctional retest zone.

A break below the retracement range will see a test to the swing range for a bounce and a failure to lock below the retracement range will see a bounce up from this level.

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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

EMA5 CROSS AND LOCK ABOVE 1980 WILL OPEN THE FOLLOWING BULLISH TARGET
1995
2017

EMA5 CROSS AND LOCK ABOVE 2017 WILL OPEN 2032 AND 2047

BEARISH TARGETS
1980

EMA5 CROSS BELOW 1980 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
1960
1944

EMA5 CROSS AND LOCK BELOW 1944 WILL OPEN THE SWING RANGE RANGE

SWING RANGE
1906

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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