GOLD 4H CHART UPDATED LEVELS & TARGETS

10 dic 2023

Hey Everyone,

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

We have been safely riding the move up last 2 week from dips and then tracking the movement down last week similar to our 1H chart idea.

We are now seeing price test support above 1999 Goldturn with a immediate bullish target open at 2014 and Bearish targets at 1999 and a retracement range target at 1983.

We would need to see ema5 cross above 2014 level to open the upper levels at 2030 and 2047. Failure to lock above this level will follow with a rejection into support. A break below the retracement range will open the swing range. We will look for each of the weighted levels to be broken with EMA5 to track the movement in true level to level fashion, up or down.

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 then 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2014

EMA5 CROSS AND LOCK ABOVE 2014 WILL OPEN THE FOLLOWING BULLISH TARGET
2030
2047

BEARISH TARGETS
1999
1983

EMA5 CROSS AND LOCK BELOW 1983 WILL OPEN THE SWING RANGE

SWING RANGE
1960

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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