GoldViewFX - 4H Chart updated Goldturn Levels and Targets

Hey Everyone,

Please see our 1H chart updated Goldturn levels and targets.

We have updated our 4h chart Goldturn descending channel, which is being respected.

Price is currently testing the channel half-line that may act as temporary resistance, also inline with the 1917 Goldturn level. Although we have a candle body close above 1917 leaving a gap above at 1936, we will need to see ema5 lock above this level to confirm and solidify this target.

If the channel half-line holds, as resistance, we are likely to see price drop to the retracement range for a bounce to find support and then re-test the upper resistance levels again. EMA5 lock below the retracement range will open the swing range.

We are now able to use these levels to track and trade the movement level to level.

Our long term projection still remains Bullish.

EMA5 CROSS AND LOCK ABOVE 1917 WILL OPEN THE FOLLOWING BULLISH TARGETS
1936
1948

BEARISH TARGETS
1918
1899

EMA5 CROSS AND LOCK BELOW 1899 WILL OPEN THE SWING RANGE

SWING RANGE
1873

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