GoldViewFX - Market Review LEVELS & TARGET$$

6 thg 2, 2022

Hey All.

Lets start with the hourly chart. Price is currently challenging 1807. This level was already broken with EMA5 cross and lock confirming gap to 1816. This target remains open and in range. We will look to continue to buy dips and entries will be banked and secured 20 to 30 pips at a time, as we sit in this range. We expect swings and lowest price point target we can see is 1793 on the swing range, which has served us well last week with sweet entries for buys. We will continue to play buys within the swing range and will only stop if 1785 breaks with EMA5, which will open target to 1776

The strong support that we need to keep an eye on is 1766. This level has not been tested since mid December and giving us confidence in the bullish setups.

4h CHART


The price seems to be respecting the Goldturn trendline to support the move up and 1790 Goldturn also providing this support. A break on 1790 on this H4 chart with EMA5 will open the lower targets.

4H CHART RANGEVIEW


We are currently sitting in RANGEBOX 2 which is 1789 - 1826 the largest of the 3 ranges and right in the middle of the range between two Goldturns 1804 - 1814, which defines the immediate two challenges the price will test on market open. Using EMA5 cross and candle body close will give us the confidence to commit to the right break in direction.

DAILY CHART


1804 was challenged with EMA5 but it looks like the cross has failed and we can see EMA5 flatlining above it, gearing up for another 1814 hit. We will be looking to see, which one of these level is broken with EMA5 and candle body close to open target to 1778 or 1839

We remain Bullish buying dips and we will keep you updated daily with how we trade the levels in stages. Please follow us to keep updated and don't forget to hit like on the post, we really appreciate it.
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