GOLD 4H CHART MARKET UPDATE

Hey Everyone,

Our 4H chart is playing out perfectly in true level to level fashion.

We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely.

Today once again we had the support test at 2313, followed with a bounce of over 250 pips capture, all the way into our resistance level and just short of our target at 2340 - BOOOOM!!!
Perfectly inline with our plans to buy dips.

Currently we still have a small tiny gap left to 2340 and therefore likely to get hit. We will keep this 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
2313 - DONE

EMA5 CROSS AND LOCK ABOVE 2313 WILL OPEN THE FOLLOWING BULLISH TARGETS
2340

EMA5 CROSS AND LOCK ABOVE 2340 WILL OPEN THE FOLLOWING BULLISH TARGET
2358

EMA5 CROSS AND LOCK ABOVE 2358 WILL OPEN THE FOLLOWING BULLISH TARGET
2390

BEARISH TARGETS
2290

EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE SWING RANGE

SWING RANGE
2247 - 2221

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!

Mr Gold
GoldViewFX