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

Aug 16

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 4422 and a gap below at 4359, 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
4422

EMA5 CROSS AND LOCK ABOVE 4422 WILL OPEN THE FOLLOWING BULLISH TARGET
4503

EMA5 CROSS AND LOCK ABOVE 4503 WILL OPEN THE FOLLOWING BULLISH TARGET
4571

EMA5 CROSS AND LOCK ABOVE 4571 WILL OPEN THE FOLLOWING BULLISH TARGET
4675

BEARISH TARGETS
4359

EMA5 CROSS AND LOCK BELOW 4359 WILL OPEN THE FOLLOWING BEARISH TARGET
4272

EMA5 CROSS AND LOCK BELOW 4272 WILL OPEN THE FOLLOWING BEARISH TARGET
4192

EMA5 CROSS AND LOCK BELOW 4192 WILL OPEN THE SWING RANGE
4106
4029

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

Aug 17

Note

TYPO CORRECTION 4349 NOT 4359

Aug 17

Trade active

4422 BULLISH GAP FILLED

Aug 18

Trade closed: target reached

Bullish and Bearish gap completed