GOLD 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our updated 4h chart levels and targets.

We had the test last week once again on the 1998 Goldturn weighted level in the 2000 range but failed to lock above 1998 weighted resistance on this chart.

1998 is now open again for a retest and a ema5 lock above 1998 will open 2017 and potentially 2032.

1981 is now support and a test at 1981 to bounce between the range until one locks is likely. 1969 and 1960 are the new correctional retracement level. A break below 1960 will open the swing range and a failure to lock below the retracement range will see another bounce into the resistance zone.

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.

BULLISH TARGET
1998

EMA5 CROSS AND LOCK ABOVE 1998 WILL OPEN THE FOLLOWING BULLISH TARGET
2017
2032

BEARISH TARGETS
1981

EMA5 CROSS AND LOCK BELOW 1981 WILL OPEN THE RETRACEMENT RANGE
1969
1960

EMA5 CROSS AND LOCK BELOW 1960 WILL OPEN THE SWING RANGE

SWING RANGE
1930

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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