GoldViewFX - MARKET UPDATE

16 янв. 2023 г.

Hey Everyone,

We got our first target on our 4H chart idea at 1922, which is our resistant structure. As stated on our chart, we need to see EMA5 cross and lock above 1922 to open the upper levels. We also advised that If we see this area resist, we will possibly see movement into the retracement range. EMA5 has now failed to cross 1922, followed with the retracement starting to play out now.

However, our 1H chart idea (see related post below) has hit the upper targets 1923 and 1927 and also crossed and locked 1919 opening the upper levels.


Although we are seeing the rejection at the 4H chart resistance level, EMA5 has crossed and locked above the channel and the upper levels are also open on the 1h chart, which suggests we are likely to see another retest at this 4H chart resistance level at some point.

We will need to see a break above ema5 cross and lock above 1922 to get another clean run into the upper levels on this chart.

We will track and trade the movement level to level using our EMA5 cross and lock strategy to confirm the movement and we will continue to buy dips from support levels.

EMA5 CROSS AND LOCK ABOVE 1922 WILL OPEN 1932, 1941, 1950 and 1964

BULLISH TARGETS
1922 - DONE
1932 -
1941 -
1950 -
1964 -

BEARISH TARGETS
1914 -
1905 -
1896 -

EMA5 CROSS AND LOCK BELOW 1905 WILL OPEN 1896, 1880 and 1871.

SWING RANGE
1854

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