GoldViewFX - 3H chart LEVELS & TARGETS$

16 Jan 2022

We have drawn a channel on the 3H chart that is being respected well, with strong significant levels identified.

We have 1825, as a strong Goldturn resistance level. We will be watching EMA5 closely for a cross on this level with a candle body close to confirm a breakout to the upper levels of the channel.

1817 is currently being challenged. Although we have price below 1817 AT 1816, EMA5 is still sitting above 1817. Should EMA5 cross below 1817 with a candle body close, we will see the price challenge 1806 axis level. 1806 is an identified axis level, so at some point we will see this level challenged again.

1806 is now looking like the support area that is geared up for providing the level of support needed for the bullish continuation. The 3Hour chart structure is also very much Bullish and remains suitable for us to buy dips.

The 1785 to 1795 zones are critical for us to keep an eye on. The break above or below this zone will confirm any changes to the bullish structure and if we need to change our setups. Until this zone is challenged and broken we will continue with our current plans.

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GoldViewFX
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