GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our updated 1h chart Goldturn support and resistance levels and updated targets.

We had a 1000 pip tank last last week from a nice bull run into the resistance structure. Price has now found some support at 1864 Goldturn support structure. 1853 is our weighted Goldturn so a break below this will open the lower levels. However failure to break this level and we should see price head up into the retracement range.

When we see a tank in price like this, usually we expect some consolidation before shifting range again. We can expect some tight ranging movement, which we can trade between structures but will need to establish support and resistance with a few retests to confirm range.

Its too early to make commitments now, as the price tank and momentum was off the back of NFP news and will need this to settle back into organic movement to resume normal action.

We avoided getting stuck in the tank down and therefore we are in a lovely position again to buy dips, as we have had a nice drop and now even if price moves further down, it puts us in a comfortable situation to Catch retracements up from further dips.

BULLISH TARGETS
1871
1877
1883

BEARISH TARGETS
1864
1853
1841
1833
1826

SWING RANGE
1792

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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