Gold 4H Chart updated LEVELS and TARGETS

Hey Everyone,

Please see our updated 4h chart levels and targets for the coming week.

We had strong move up last week with price finishing up on the way to the weighted resistance structure at 1932, which is open for a test. We will need to see 1932 break and lock to open the range above.

We now have the retracement zone at 1918 for a correctional retest and will need a lock below 1918 to open the updated swing range for a bounce.

We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and the catch bounces up.

We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1932

EMA5 CROSS AND LOCK ABOVE 1932 WILL OPEN THE FOLLOWING BULLISH TARGET
1944
1960

BEARISH TARGETS
1918
1906

EMA5 CROSS AND LOCK BELOW 1906 WILL OPEN THE SWING RANGE

SWING RANGE
1888

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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