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

6 201
Hey Everyone,

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

We are seeing price play between two weighted levels with a gap above at 3894 and a gap below at 3839. 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
3894

EMA5 CROSS AND LOCK ABOVE 3894 WILL OPEN THE FOLLOWING BULLISH TARGETS
3939

EMA5 CROSS AND LOCK ABOVE 3939 WILL OPEN THE FOLLOWING BULLISH TARGET
3979

EMA5 CROSS AND LOCK ABOVE 3979 WILL OPEN THE FOLLOWING BULLISH TARGET
4025

EMA5 CROSS AND LOCK ABOVE 4025 WILL OPEN THE FOLLOWING BULLISH TARGET
4066

BEARISH TARGETS
3839

EMA5 CROSS AND LOCK BELOW 3793 WILL OPEN THE FOLLOWING BEARISH TARGET
3741

EMA5 CROSS AND LOCK BELOW 3741 WILL OPEN THE SWING RANGE
3688
3648

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,

After completing our 1H chart idea we continued to track our 4H chart idea. Please see the update on this chart idea that is also playing out beautifully with our bullish target at 3894 being hit, followed by the EMA5 cross and lock above, opening 3939, which also hit perfectly.

We then saw a further cross and lock above 3939, which opened 3979 and then a lock above also opening 4025, again both hit perfectly, pure level to level trading in action!

We now have a final lock above this level, with the final gap left above at 4066 still open. The rejection from here, followed with lower Goldturns being tested for support and bounce.

Price has respected our structure perfectly, testing levels side by side before breaking and locking higher to confirm the bullish continuation.

Our level to level framework continues to deliver consistent 20–40 pip bounces from dips, allowing us to manage both short and midterm swings effectively.

The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.

BULLISH TARGET
3894 - DONE

EMA5 CROSS AND LOCK ABOVE 3894 WILL OPEN THE FOLLOWING BULLISH TARGETS
3939 - DONE

EMA5 CROSS AND LOCK ABOVE 3939 WILL OPEN THE FOLLOWING BULLISH TARGET
3979 - DONE

EMA5 CROSS AND LOCK ABOVE 3979 WILL OPEN THE FOLLOWING BULLISH TARGET
4025 - DONE

EMA5 CROSS AND LOCK ABOVE 4025 WILL OPEN THE FOLLOWING BULLISH TARGET
4066

BEARISH TARGETS
3839

EMA5 CROSS AND LOCK BELOW 3793 WILL OPEN THE FOLLOWING BEARISH TARGET
3741

EMA5 CROSS AND LOCK BELOW 3741 WILL OPEN THE SWING RANGE
3688
3648

As always, we will keep you all updated with regular updates 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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.