GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS

28 Mei 2023

Hey Everyone,

Please see our updated 4h chart Goldturn levels and targets.

If you look at last weeks update on this chart, highlighted with the circle, you will see some nice level to level action that we tracked and traded. We got the target at 1982 followed with the retracement to 1962 and then a re-test at 1982, as shows by the arrows we drew. The rejection at 1982 then followed with a drop into the swing range, inline with the axis trendline support for another bounce. This chart idea gave plenty of opportunity to secure some nice entries and exits from buying dips, as part of our plans.

We have now updated the setup for the coming week with immediate target at 1961 and a break and lock above this level will open levels above. A rejection here and we also need to keep in mind the retracement range 1934 AXIS support for another push up. A break below the retracement range and the next support we are looking at will be the swing range, also another area for support, inline with the axis trendline support.

The retracement and swing range are all areas of potential bounces to capture some movement.

We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets.

Our long term projection still remains Bullish.

BULLISH TARGETS
1962

EMA5 CROSS AND LOCK ABOVE 1962 WILL OPEN 1982

BEARISH TARGETS
1942
1934

EMA5 CROSS AND LOCK BELOW 1934 WILL OPEN THE SWING RANGE

SWING RANGE
1918 - 1899

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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