GoldViewFX - 1H CHART UPDATED LEVELS & TARGETS
Hey Everyone,
Please see updated weighted Goldturns and targets for the coming week.
Currently we can see 1647 broken opening the full swing range. Keeping this in mind to not prematurely enter any longs until we are in the low end of the range at support.
MAs are all sitting above so we expect price at some point to get magnetised above supported by volatility from Russia/Ukraine situation. EMA5 cross and lock above 1653 will open the upper structure upto 1676 and 1687.
We will use the Goldturns to trade this level to level and the Goldturn support/resistance structures to track the range shift movement.
Nobody knows where the price is going but learning the skill to manage ranges allows you to trade and track the movement with the trend or against the trend by trading retracements. This can be traded successfully regardless of where the price is going. The key is to maintain discipline and trade one way. Mixing buys and sells together will eventually see you hedged up and psychologically it will break you down slowly just like your account.
BULLISH TARGETS
1647
1653
Cross and lock above 1653 will open targets to 1663, 1676, 1687
BEARISH TARGETS
1639
1632
1620
1611
1603
Cross and lock below 1603 will open targets to 1592, 1586 and 1580.
SWING RANGE
1611
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Please see updated weighted Goldturns and targets for the coming week.
Currently we can see 1647 broken opening the full swing range. Keeping this in mind to not prematurely enter any longs until we are in the low end of the range at support.
MAs are all sitting above so we expect price at some point to get magnetised above supported by volatility from Russia/Ukraine situation. EMA5 cross and lock above 1653 will open the upper structure upto 1676 and 1687.
We will use the Goldturns to trade this level to level and the Goldturn support/resistance structures to track the range shift movement.
Nobody knows where the price is going but learning the skill to manage ranges allows you to trade and track the movement with the trend or against the trend by trading retracements. This can be traded successfully regardless of where the price is going. The key is to maintain discipline and trade one way. Mixing buys and sells together will eventually see you hedged up and psychologically it will break you down slowly just like your account.
BULLISH TARGETS
1647
1653
Cross and lock above 1653 will open targets to 1663, 1676, 1687
BEARISH TARGETS
1639
1632
1620
1611
1603
Cross and lock below 1603 will open targets to 1592, 1586 and 1580.
SWING RANGE
1611
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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