Goldviewfx

GOLD 4H CHART ROUTE MAP UPDATE

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

Great start to the week with a perfect continuation of our 4H chart idea that we have been tracking.

Last update price was testing the swing range and we were expecting a reaction in this range.
- This played out perfectly with the perfect swing action straight into 2313 completing the gap and swing.

We will now wait for ema5 to lock above 2313 for a continuation into the range above or a rejection here will see the full swing range tested.

We also need keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial level of support test as a break below this level can open a deeper correction below.

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.

SWING RANGE
2290 TO 2313 - DONE

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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