GOLD 4H CHART MARKET UPDATE

Hey Everyone,

Great day on the chart today catching the move up form support inline with our plans to buy dips.

Yesterday after break and lock confirmation below 2357, we got our retracement target hit at 2337. We then highlighted, as per the chart arrow our expectation for a bounce back into 2357.

- This played out perfectly for the bounce into 2357 today. We will now look for a cross and lock above 2357 for a continuation above or a rejection here can provide the momentum for another retest at the retracement range for the full retracement range test.

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!

Mr Gold
GoldViewFX