GOLD 4H CHART MARKET UDATE

Hey Everyone,

Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range.

This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range.

We expect support bounce on each level of the retracement range and now waiting patiently.

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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2389

EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2412
2435

BEARISH TARGETS
2357 - DONE

EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2337 - DONE
2317

EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE

SWING RANGE
2290 - 2274

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!

（Source from: TV-Goldviewfx）