GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS

28 maj 2023

Hey Everyone,

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

We are seeing price settle in the central zone of the Goldturn descending channel supported by the 1941 Goldturn level support structure. Price is now sitting above the channel half line with targets above at 1952 and 1961 towards channel top.

The retracement and swing range are all areas of potential bounces to capture some movement.

We are looking for a clean EMA5 break of the channel top or bottom and not price alone to confirm a breakout and not a fakeout in either direction.

We will continue with our plans to buy dips and track the movement level to level with our EMA5 cross and lock confirmation and our algo generated targets.

Our long term projection still remains Bullish.

BULLISH TARGETS
1952
1961

EMA5 CROSS AND LOCK ABOVE 1961 WILL OPEN 1978

BEARISH TARGETS
1941

EMA5 CROSS AND LOCK BELOW 1941 WILL OPEN THE SWING RANGE

SWING RANGE
1918 - 1895

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