GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK

3 445
Hey Everyone,

Please see our 1H chart levels and targets for the coming week.

We are seeing price play between two weighted levels with a gap above at 4525 and a gap below at 4670, 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
4525

EMA5 CROSS AND LOCK ABOVE 4525 WILL OPEN THE FOLLOWING BULLISH TARGET
4569

EMA5 CROSS AND LOCK ABOVE 4569 WILL OPEN THE FOLLOWING BULLISH TARGET
4615

EMA5 CROSS AND LOCK ABOVE 4615 WILL OPEN THE FOLLOWING BULLISH TARGET
4711

BEARISH TARGETS
4470

EMA5 CROSS AND LOCK BELOW 4470 WILL OPEN THE FOLLOWING BEARISH TARGET
4411

EMA5 CROSS AND LOCK BELOW 4411`WILL OPEN THE SWING RANGE
4352
4277

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
ملاحظة
TYPO CORRECTION - BEARISH GAP 4470 NOT 4670

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.