Please see our updated 1H chart Goldturn levels and targets.
As you can see we have been moving structure to structure confirmed with EMA5 cross and lock
EMA5 cross and lock above 1845 structure opened 1852, 1857 and 1863. 1852 was hit nicely on Friday with a candle body close above it, leaving a gap to 1857, which is our likely next target and then with a structure target of 1863 to complete full move.
If we see a retracement down, 1845 will be likely level, as a retracement zone. If we see a break below 1845 then we are likely to see the swing range open. This allows us to manage our exposure accordingly when considering our plans to buy dips.
BULLISH TARGETS 1857 1863
BEARISH TARGETS 1852 1845
SWING RANGE 1825
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!
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