GOLD 1H CHART ROUTE MAP

Hey Everyone,

Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips.

We started the week with price playing between two weighted levels 2351 resistance and 2333 support.

We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a further cross and lock below 2316 also opened the swing range.

The first level of the swing range was hit with just short of the second level. However, the swing range itself has provided swings twice to buy dips from this range.

As long as the swing range holds above 2302, we are like to see 2316 retest and then 2333. Failure to lock above this range and we will see the full test of the swing range and a further lock below the swing range will open the range 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.

BULLISH TARGETS
2351

EMA5 CROSS AND LOCK ABOVE 2351 WILL OPEN THE FOLLOWING BULLISH TARGETS
2368


BEARISH TARGETS
2333 - DONE

EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE RETRACEMENT RANGE
2316 - DONE

EMA5 CROSS AND LOCK BELOW 2316 WILL OPEN THE SWING RANGE

SWING RANGE
2302 - DONE
2278

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