GOLD 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see update on our 4h chart idea, which we have been tracking and trading successfully with updated levels and targets for the coming week.

We had the weighted resistance at 1980 break and lock on the 4H chart opening 1995 and 2017. 1995 was HIT perfectly last week with 2017 now outstanding.

EMA5 cross above 1995 will solidify the confirmation for 2017. 1980 is now support and may act as the new correctional retracement level. A break below 1980 will open the previous 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 from the past 18 months, you can see how effectively they were used to trade with or against short mid term 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 1960 AND 1944

EMA5 CROSS AND LOCK BELOW 1944 WILL OPEN THE SWING 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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