Goldviewfx

GOLD 1H ROUTE MAP & TRADING PLAN WITH UPDATED LEVELS

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

Please see our updated 1h chart levels and targets after smashing all the targets for this week already.

We are seeing price break into the new range and playing between 2125 resistance and support at 2116 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range

A bearish test to support at 2116 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a re-test at the new open levels above.

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
2125

EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS
2133
2143

BEARISH TARGETS
2116

EMA5 CROSS AND LOCK BELOW 2116 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2102

EMA5 CROSS AND LOCK BELOW 2102 WILL OPEN THE SWING RANGE

SWING RANGE
2079

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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