GoldViewFX - 3H CHART UPDATE & TARGETS$
Another awesome day of trading for TEAM GOLDVIEW!!
1806 Goldturn axis was hit, as per our post on the 16th December (see related post below). We identified this as a target and a strong level of support. Price was rejected at 1806 and failed to break down so we saw a retest back to 1820 level. Our buy entries from 1806 were all banked at 1819 and now we see price hover in between.
Its interesting to see, resistance levels like 1806 are now turning into strong support levels. This is a key example of the Bullish structure that gives us confidence to buy dips.
We will now wait to see 1806 break to confirm movement to the lower levels and if so we will change up our plans and update you all accordingly. There is room for price to challenge the lower part of the channel, however MA200 is also providing support here and this can give the momentum needed for a challenge back to 1817 and then 1825.
A bull flag formation is also inline with the upper part of the channel flagpole target at 1850.
All signals we took have TP'd and we are proud to say with a 100% hit rate for January. (See related post below on H1 targets)
Please dont forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
1806 Goldturn axis was hit, as per our post on the 16th December (see related post below). We identified this as a target and a strong level of support. Price was rejected at 1806 and failed to break down so we saw a retest back to 1820 level. Our buy entries from 1806 were all banked at 1819 and now we see price hover in between.
Its interesting to see, resistance levels like 1806 are now turning into strong support levels. This is a key example of the Bullish structure that gives us confidence to buy dips.
We will now wait to see 1806 break to confirm movement to the lower levels and if so we will change up our plans and update you all accordingly. There is room for price to challenge the lower part of the channel, however MA200 is also providing support here and this can give the momentum needed for a challenge back to 1817 and then 1825.
A bull flag formation is also inline with the upper part of the channel flagpole target at 1850.
All signals we took have TP'd and we are proud to say with a 100% hit rate for January. (See related post below on H1 targets)
Please dont forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
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