GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS

Hey everyone,

We saw price move from 1992 to 1926 last week. We were able to pick buy trades using support levels and exiting with 20 to 30 pips at a time. The overall trend is still Bullish and therefore we were not confident in riding the short term trend change with the volatile momentum.

We are in a range of 1945 to 1917, which we have seen price play in this range below. Its a range where it will be too early to commit anything long term. If we see a break below 1917 we can see lower levels open up 1907, 1901, 1894 and 1888. A failure to break the 1917 level will see us back to 1945. We expect price to play within this range. A break above 1945 will open up the upper range again.

BULLISH TARGETS
1937, 1945

BEARISH TARGETS
1927, 1921, 1917

SWING RANGE
1917

As long as EMA5 remains within the range 1917 - 1945 we can bounce between support and resistance taking 20 to 30 pips at a time to avoid getting stuck in a breakout. We may be in a short term downtrend but EMA5 has not crossed ma21 on the daily chart to confirm further Bearish movement and remains in a uptrend.

We will be watching this closely and keep you all updated. Please don't forget to like, comment and follow to support us, we really appreciate it.

GoldViewFX
XAUUSD TOP AUTHOR