GoldViewFX - MARKET REVIEW - UPDATED LEVELS & TARGETS$

Hey Everyone,

This is our updated 4H chart levels with the most up to date 4H chart Goldturns.

We can see a break at 1940, which opened target to 1896, which was HIT perfectly. If EMA5 continued and broke 1896 we would see the lower levels open up. 1896 was rejected with strong support. We saw price go back to challenge 1940 but no break.

We may see another challenge at 1896 but remain Bullish towards 1940 again, as we have an outstanding target at 1958 and the fact that 1896 was supported, it sets the price up to challenge the Goldturn channel again in stages to 1995. If this channel is not tested and broken in the coming weeks then we will see 1896 break below for lower targets.

The 4H chart setup remains Bullish above 1896 and therefore I am confident in taking buys from support levels and taking exits of 20 to 30 pips to avoid swings.

1H CHART UPDATE


The 1H chart had a break at 1935 opening 1922 which was HIT perfectly. We are now looking for EMA5 to cross 1922 with candle body close to open another challenge to 1906. A failure to break this level will see price head towards the upper targets again, as we have a gap at 1958, which was left open from a EMA5 break and candle body close above 1935.

We have a swing range of 1888, which is still supporting our Bullish setups and the rejection here last week only strengthened this level. We remain Bullish above 1888!

As always we will keep you all updated with any changes to the structure and our setups. The markets are very volatile with news and events providing fuel for movement in both directions, therefore we must avoid getting too hung up trying to figure out where its going and focus more on trading the levels in stages up or down.

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GoldViewFX
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