GoldViewFX - 4H CHART UPDATED LEVELS & TARGET$$

Hey Everyone,

We have updated the 4H chart with the most upto date weighted Goldturns.

Price is currently just sitting above 1743 Goldturn support placed perfectly in the central range. If price finds support here above 1743 it is perfectly placed for a push up to challenge 1788 and 1799. A EMA5 break above this level will open up the 1800 range.

However if the central zone fails to hold and we see a break and lock below 1743, we will potentially see the lower levels open for a challenge to the structure support 1707- 1693

As we mentioned already we need to take extra caution trading this week due to JACKSON HOLE and can expect big moves in either direction.

BULLISH TARGETS
1757
1766

BEARISH TARGETS
1743
1730

SWING RANGE
1718 - 1707

STRUCTURE SUPPORT
1707 - 1693

The best way to trade JACKSON HOLE is to wait for the move and patiently let the momentum exhaust, measuring the momentum using the Goldturns. Ideally we would like to see movement down as deep as the momentum allows, establish a floor and then organically ride the movement up. If it heads up from 1743 then we already fall in line with our long term projections for Gold and we can use our lock and close strategy to determine movement level to level.

As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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