GoldViewFX - 1H chart LEVELS & TARGET$$

16 Oca 2022

The market closed last week with a rejection at 1828 and price finding support at 1818 (Which is now also a recent GOLDTURN SUPPORT). This may find support here being a recent Goldturn and a very significant challenge, as price finding support here will open up a trading range above this zone.

We are currently in a tight range between 1818 SUPPORT and 1828 RESISTANCE. A breakout here is imminent, as the range is tight! This could be the potential gear up the market is looking for to break open the upper range again.

WHAT TO LOOK OUT FOR
If we see EMA5 break this level and secured with a candle body close then the lower levels will open up. However we will still look to buy dips from these lower levels, as the structure remains bullish and our setups and framework is still very much in play for this market structure. However If EMA5 fails to cross down this level we will see the price back up to challenge 1828.

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GoldViewFX
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