Goldviewfx

GoldViewFX - 4H CHART UPDATE

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

Quick end of day update. 1808 target hit and now we have some resistance here on this level. We will look for EMA5 to cross and close above 1808 to confirm movement to the next level at 1814.

1789 is the most recent Goldturn support on the H4 chart and also inline with historical Goldturn support on this level. This secures our Bullish structure above this level and hopefully has taken over the strong hold support of 1766.

We have banked all buy trades at 1808 and now we can see the price retrace. We are hoping for price to find support above 1795 -1800 to continue with our move up. If we see price fall below that then we will wait for the stronger support at 1789 to be challenged before resuming with our plans.

As always we will keep our followers updated with any changes and updates to our plans.

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GoldViewFX
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