Gold Spot / U.S. Dollar
Updated

GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK

5 146
Hey Everyone,

Please see our 4h chart route map and trading plan for the week ahead.

We are now seeing price play between two weighted levels with a gap above at 4328 and a gap below at 4237. 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
4328

EMA5 CROSS AND LOCK ABOVE 4328 WILL OPEN THE FOLLOWING BULLISH TARGET
4422

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

EMA5 CROSS AND LOCK ABOVE 4422 WILL OPEN THE FOLLOWING BULLISH TARGET
4494

BEARISH TARGETS
4237

EMA5 CROSS AND LOCK BELOW 4237 WILL OPEN THE FOLLOWING BEARISH TARGET
4138

EMA5 CROSS AND LOCK BELOW 4138 WILL OPEN THE FOLLOWING BEARISH TARGET
4042

EMA5 CROSS AND LOCK BELOW 4042 WILL OPEN THE SWING RANGE
3964
3873

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
Trade active
snapshot

Hey Everyone,

Great start to the week with our 4h chart idea playing out as analysed. We got our Bullish target hit at 4328 with no further lock above confirming the rejection. We will continue to see movement between 4328 and 4237, until we see ema5 lock above or below these two weighted levels to confirm the next range.

We will keep up updated as the chart idea unfolds.

Mr Gold
Trade closed: target reached
snapshot

Hey everyone,

After successfully tracking our multi timeframe chart ideas throughout the week, please see this follow up update on the 4 hour chart. The bullish target at 4328 was completed earlier this week, as per our last update.

Following the initial test, we saw a rejection, then a subsequent retest, which was followed by an EMA 5 lock, opening a long range gap toward 4422; a move that has already delivered 200 pips plus.

We’ll be back on Sunday with our updated multi timeframe route maps and trading plans for the week ahead.

Mr Gold

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