GoldView 4H CHART Bullish Scenario

4H RANGE 1830 to 1826

1818 level has been hit. EMA5 challenged 1806 on market close. We are looking for EMA5 to break this 1806 level. Once this level is broken and secured by EMA5, historically price tends to then sit between 1806 and 1816 and range sideways.

We are then expecting EMA5 to break and close above 1816 for price to break open 1830. Once we see EMA5 close above 1830 we can see a clear run to 1867.

Please follow us to see how we break down this range during the week and trade each level.

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GoldView

Trade active:

EMA5 has secured above 1806 confirming 1806, as support and opened range of 1816 to 1830.

Trade active:

EMA5 closed above 1816. Confirming a range of 1830 and above. However this may only be hit after a pull back as 1819 as a gold turn created last night forming a strong resistance that will normally create the pull back. This pull back may put us into our bearish scenario otherwise the bulls are secured.

Trade closed: target reached:

TP HIT