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

27 383
Hey 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
Note
TYPO CORRECTION - BULLISH GAP 4211 NOT 4221
Transaction en cours
snapshot
Hey Everyone,

Please find the latest update on our 1H chart route map. Price has successfully completed our bullish target at 4211, which also established a lock above 4211 openning 4250.

We are now observing rejection and rotational price action between 4211 and 4169, the latter aligning with the bearish gap formed at the market open.

We will continue to monitor any downward momentum and position to buy pullbacks from lower Goldturn support levels, while keeping in view the newly formed upside gap at 4250 and the structural range support at 4169.

Mr Gold
Trade fermée: cible de profit atteinte
snapshot
Hey everyone,

Amazing to see how beautifully our levels were respected. Yesterday, our bullish target of 4211 was hit, and locked openning range above. We also mentioned that the rejection here would likely find support keeping in mind our bearish target at 4169 from the market open.

We planned to use that level as support for a dip buy opportunity, keeping in mind the open gap above.

This played out perfectly. Look at how precisely the 4169 bearish target was hit, followed by a bounce exactly in line with our plan to buy the dips. With both gaps now filled, we’ll continue tracking the upward move, confirmed by the EMA5 lock, and will keep you all updated.

Mr Gold
Note
snapshot

Hey Everyone,

After completing the bearish and Bullish target earlier this week, we continued to highlight the gap left at 4250 after ema5 locked above 4211. This gave us the confirmation and confidence to continue to buy dips all the way into this target, now completing this target and range perfectly.

We will now continue to track the remaining direction with ema5 lock confirmations. We will also continue to use the Goldturns for support and resistance breaks and rejections.

Mr Gold

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