GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK

Jan 11

Hey Everyone,

Please see our 1h chart levels and targets for the coming week.

We are seeing price play between two weighted levels with a gap above at 4530 and a gap below at 4505, as support. We will need to see ema5 cross and lock on either weighted level to determine the next range.

We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.

We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.

We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.

BULLISH TARGET
4530

EMA5 CROSS AND LOCK ABOVE 4530 WILL OPEN THE FOLLOWING BULLISH TARGETS
4559

EMA5 CROSS AND LOCK ABOVE 4559 WILL OPEN THE FOLLOWING BULLISH TARGETS
4588

EMA5 CROSS AND LOCK ABOVE 4588 WILL OPEN THE FOLLOWING BULLISH TARGETS
4619

BEARISH TARGETS
4505

EMA5 CROSS AND LOCK BELOW 4505 WILL OPEN THE FOLLOWING BEARISH TARGET
4467

EMA5 CROSS AND LOCK BELOW 4467 WILL OPEN THE SWING RANGE
4427
4391

EMA5 CROSS AND LOCK BELOW 4391 WILL OPEN THE SECONDARY SWING RANGE
4345
4314

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX

Jan 12

Trade closed: target reached

Hey Everyone,

Great start to the week with our 1h chart idea playing out as analysed completing all targets.

4530, 4559, 4588 and 4169 all completed with body close and ema5 lock confirmation.

Please now continue to review our remaining multi time frame route maps to continue to track the movement and remaining targets.

Mr Gold