XAUUSD alalysis 26/04/2023...from VikingCapital

26 Apr 2023, 09:30 · Views 2,981

Hey Everyone,

Our 1H chart idea is playing out as analysed with the retracement zone target providing the support once again after being hit.

This followed with yesterdays 1989 target also being hit and now today 1995 also complete. We were just short of our target to 2005 but this is still in range and open for target.

We took our trade from the drop, as part of our plans to buy dips with a clean 50 pip TP.

We remain Bullish with our long term plans and will continue to track the price level to level when buying dips.

BULLISH TARGETS

1989 - DONE ✅

1995 - DONE ✅

2005 -

EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN UPPER LEVELS UPTO 2O25

BEARISH TARGETS

1977 - DONE ✅

EMA5 CROSS AND LOCK BELOW 1977 WILL OPEN THE SWING RANGE

SWING RANGE

1954 - 1940

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups.

Please don't forget to like, comment and follow to support us

#ChươngTrìnhThủLĩnhÝTưởng#

Edited 26 Apr 2023, 09:31

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Appreciated by readers — Received a total of 100 in tips.

Gold Market update today Patience always pays off. We were waiting patiently for the support test and we got the drop into the retracement support zone identified on the chart followed with a nice push up into 1841. We took our buy signals from the weighted support structure and took profit at 1837 for a safe exit. We are still within the chart setup range and our levels and structures are still active. We will continue to trade this level to level and track the movement with EMA cross and lock. We will also continue to buy dips from weighted support levels, inline with our overall long term structure. ORIGINAL UPDATE 1833 and 1824 is a support structure providing price support for the bounce. The next resistance structure is sitting at 1857 for a potential challenge. If we see EMA5 cross and lock above 1857 we are likely to see the upper levels open up. For support test a 1833 challenge looks likely. However should we see further bearish momentum a challenge at 1824 is still in range. Should we see EMA5 cross and lock below 1824 then it will open the swing range for a challenge. Failure to break 1824 with EMA5 will see a new Goldturn created above it, providing support for a push up. - THIS PLAYED OUT PERFECTLY We will track this movement level to level up and down and buy dips confirmed with signals. Short-term technical structure may look Bearish but the overall long term structure is still Bullish . We will trade against the short term trend and stay within the long term trend and trade retracements for now and continue to buy dips. Bullish Targets 1852 1857 EMA5 CROSS AND LOCK ABOVE 1857 WILL OPEN 1863, 1867, 1872, 1876. Bearish Targets 1833 - DONE 1824 EMA5 CROSS AND LOCK BELOW 1824 WILL OPEN 1810, 1802 AND 1792 SWING RANGE 1792 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate

VikingCapital