GoldViewFX - 4H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our 4H chart idea with updated Goldturn levels and targets.

Price also finished off last week with a test at support structure like our 1H chart, tracking the Goldturn ascending channel. We had a candle body close break just below the channel, opening a potential test into the retracement range.

However, EMA5 still sits inside the channel and will need to break out of the channel to solidify the break confirmation for a movement down. If ema5 locks below the retracement range then further movement down to the swing range is likely.

If the channel support holds, then we are likely to see a push up to test at least the channel half line. EMA5 cross and lock above the channel half line at 2039 will open the upper levels.

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 axis targets.

Structure breaks will give openings to bigger ranges in one go so that's something we will keep an eye on and highlighted on the chart.

Our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold.

BULLISH TARGETS
2022 -
2039 -

EMA5 CROSS AND LOCK ABOVE 2039 WILL OPEN UPPER LEVELS 2046 AND 2O60

BEARISH TARGETS
2005 -
1998 -


EMA5 CROSS AND LOCK BELOW 1998 WILL OPEN THE SWING RANGE

SWING RANGE
1980 - 1964

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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