Hey Everyone,
Quick update on our 4H chart, which needs no introduction!!
We have been tracking and trading this since Sunday night and as you can all see the chart idea is playing out as planned. We saw the channel floor being tested and respected earlier this week and now the perfect test at 1664 Goldturn in line with the channel ceiling.
This is a crucial challenge, a break and lock above this level will break the channel structure. A rejection here will respect the channel structure and we should see price back down to test the half-line of the channel or full floor support.
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
Quick update on our 4H chart, which needs no introduction!!
We have been tracking and trading this since Sunday night and as you can all see the chart idea is playing out as planned. We saw the channel floor being tested and respected earlier this week and now the perfect test at 1664 Goldturn in line with the channel ceiling.
This is a crucial challenge, a break and lock above this level will break the channel structure. A rejection here will respect the channel structure and we should see price back down to test the half-line of the channel or full floor support.
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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