GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our 1h chart levels and targets for the coming week, which is still active and in play.
We are seeing price play between two weighted levels with a gap above at 4221 and a gap below at 4169, as support. 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
4221
EMA5 CROSS AND LOCK ABOVE 4221 WILL OPEN THE FOLLOWING BULLISH TARGETS
4250
EMA5 CROSS AND LOCK ABOVE 4250 WILL OPEN THE FOLLOWING BULLISH TARGETS
4284
EMA5 CROSS AND LOCK ABOVE 4284 WILL OPEN THE FOLLOWING BULLISH TARGETS
4320
EMA5 CROSS AND LOCK ABOVE 4320 WILL OPEN THE FOLLOWING BULLISH TARGETS
4361
BEARISH TARGETS
4169
EMA5 CROSS AND LOCK BELOW 4169 WILL OPEN THE SWING RANGE
4130
4093
EMA5 CROSS AND LOCK BELOW 4093 WILL OPEN THE SECONDARY SWING RANGE
4049
4015
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
