Goldviewfx

GOLD 4H ROUTE MAP & TRADING PLAN UPDATE

FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

This is the 4H chart idea we share Sunday, which has played out perfectly.

We started the week with our bullish targets hit with ema5 cross and lock above 2011 opening and confirming 2022 and 2033.

- Both of these targets were hit!!!

Ema5 failed to cross and lock above 2033 confirming the rejection now into 2022, as support. We will need to see ema5 cross and lock below 2022 to re-open the retracement range below or failure to lock below 2022 will see support here for a re-test at 2033.

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 30 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2022 - DONE

EMA5 CROSS AND LOCK ABOVE 2011 WILL OPEN THE FOLLOWING BULLISH TARGET
2022 - DONE
2033 - DONE

EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2052
POTENTIALLY 2065

BEARISH TARGETS
2011 - DONE
1999
1992

EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE

SWING RANGE
1978

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 it!

Mr Gold

GoldViewFX

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