GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS

Hey Everyone,

Please see our updated 1h chart Goldturn support and resistance levels and targets.

The 1H chart looks bearish in structure with price ranging between 1857 - 1884. We have an immediate candle body close above 1863 leaving an open gap to 1867. If momentum picks up then we will see 1872 and 1876 also hit. However, we have a retracement zone identified at 1853-1857 and if momentum picks up while doing the retracement, we may see gaps open to the full swing range.

The overall long term trend structure is still Bullish, so we just need to be smart in managing this current bearish structure without any big commitments. If we manage the range and the support and resistance levels, we can still trade this level to level, taking buys from dips and still ride against the bearish structure and collect pips. This is called range management!

BULLISH TARGETS
1867
1872
1876

EMA5 CROSS AND LOCK ABOVE 1884 will open 1896 and 1903

BEARISH TARGETS
1863
1857

EMA5 CROSS AND LOCK BELOW 1857 WILL OPEN 1853. 1849, 1841 and 1833

SWING RANGE
1833

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
XAUUSD TOP AUTHOR