Hey Everyone,
Please see updated 4H chart setup and analysis.
This chart has broken the first level of the support structure at 1760 with a gap left open to 1742. However, there is a EMA5 detachment left above on Marlet close on Friday at 1755, so market may go and challenge this on open and if this finds momentum, it can go for the bullish targets, leaving 1742 open.
Should price challenge 1742 first, we will look for EMA5 to cross and lock below to confirm further movement down or a rejection here will see price head back up for the retest on last week's high.
We will track the levels using EMA5 cross and lock zone to zone and level to level.
BULLISH TARGETS
1755
1760
1777
1788
BEARISH TARGETS
1742
1731
EMA5 CROSS AND LOCK BELOW 1742 WILL OPEN THE SWING RANGE
SWING RANGE
1707
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
XAUUSD TOP AUTHOR
Please see updated 4H chart setup and analysis.
This chart has broken the first level of the support structure at 1760 with a gap left open to 1742. However, there is a EMA5 detachment left above on Marlet close on Friday at 1755, so market may go and challenge this on open and if this finds momentum, it can go for the bullish targets, leaving 1742 open.
Should price challenge 1742 first, we will look for EMA5 to cross and lock below to confirm further movement down or a rejection here will see price head back up for the retest on last week's high.
We will track the levels using EMA5 cross and lock zone to zone and level to level.
BULLISH TARGETS
1755
1760
1777
1788
BEARISH TARGETS
1742
1731
EMA5 CROSS AND LOCK BELOW 1742 WILL OPEN THE SWING RANGE
SWING RANGE
1707
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
XAUUSD TOP AUTHOR
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🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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t.me/GoldviewFX
or
email goldviewfx@gmail com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.