Hey Everyone,
Just another quick post to add to our weekly analysis showing a zoomed out 4H chart setup.
The Goldturn channel we have drawn is being respected well. Price is currently testing the support zone of the channel with the next target at 1861 inline with the half-line of the channel. We have also identified a longer range axis target at 1920 to keep an eye on.
These axis targets have a tendency to get hit unexpectedly with momentum but we are always able to identify them technically and keep targets in mind when trading this range level to level.
We will keep this 4H chart updated to see how this plays out and as always we will keep you all updated with any changes we make.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Just another quick post to add to our weekly analysis showing a zoomed out 4H chart setup.
The Goldturn channel we have drawn is being respected well. Price is currently testing the support zone of the channel with the next target at 1861 inline with the half-line of the channel. We have also identified a longer range axis target at 1920 to keep an eye on.
These axis targets have a tendency to get hit unexpectedly with momentum but we are always able to identify them technically and keep targets in mind when trading this range level to level.
We will keep this 4H chart updated to see how this plays out and as always we will keep you all updated with any changes we make.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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