GoldViewFX - 4H CHART MARKET UPDATE

3 nov 2022

Hey Everyone,

What can I say, we did it again!!! SWING range action to perfection!!

We had our last bearish target at 1625 Hit today and like we said this morning, we waited patiently for the swing range challenge and took our clean long (Buy) positions from the bottom with a perfect safe exit. The bearish momentum is still not over, and this is why we always take our safe TP exits using our VIP algo generated levels.

1632 and 1642 are our next Bullish targets on the radar. We need this 4H candle to close here to confirm the new Goldturn on this chart above 1625, which is being formed now. This will confirm further Bullish movement. However, if we see any further challenges back in the swing range, we just need to keep in mind EMA5 cross and lock below 1625 will open the lower range, as per targets below.

As mentioned already, our levels are still valid and therefore, we will use our EMA5 cross and lock to track this movement level to level in either direction.

BULLISH TARGETS
1651 DONE
1664 DONE
1672

EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN 1691, 1699 AND 1718

BEARISH TARGETS
1641 - DONE
1632 - DONE
1625 - DONE

EMA5 CROSS AND LOCK BELOW 1625 WILL OPEN 1616, 1607 AND 1597

SWING RANGE
1626

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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