GOLD 4H CHART ROUTE MAP FOR THE WEEK

Hey Everyone,

Please see our updated 4h chart levels and targets for the coming week.

We are seeing price test 2389 weighted level on market close with already a new body close above this level opening a gap to 2410 but will need ema5 lock to confirm this gap further with also an extension to 2429.

We also have bearish support target at 2354 and will need to see a cross and lock below this level to open the retracement range and a further lock below the retracement range will open the swing 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 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
2389

EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429

EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490

BEARISH TARGETS
2354

EMA5 CROSS AND LOCK BELOW 2354 WILL OPEN THE RETRACEMENT RANGE
2294
2274

EMA5 CROSS AND LOCK BELOW 2354 WILL OPEN THE SWING RANGE

SWING RANGE
2274 - 2245

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

Trade active:

TYPO CORRECTION
1. 4H EMA5 cross and lock below 2354 will open retracement range 2326 and 2294
2. 4H EMA5 cross and lock below 2294 will open swing range 2274 - 2245