Goldviewfx

Gold 4H Chart Targets and Trading plan

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

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

We have price testing weighted support at 1851 Goldturn. We will need to see 1854 weighted level break and lock to open the range below. We have a candle body close below 1854 opening the gap but need em5 lock to confirm further.

We also have a open bullish target to 1851 and a bigger bullish retracement zone at 1870 that may require a correctional re-test. EMA5 lock above 1870 will open the range above.

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.

Bullish Target
1851
1870

EMA5 CROSS AND LOCK ABOVE 1870 WILL OPEN THE FOLLOWING BULLISH TARGET
1890
1907

BEARISH TARGETS
1928

EMA5 CROSS AND LOCK BELOW 1828 WILL OPEN THE SWING RANGE

SWING RANGE
1810

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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