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

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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 4524 and a gap below at 4427, 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
4524

EMA5 CROSS AND LOCK ABOVE 4524 WILL OPEN THE FOLLOWING BULLISH TARGETS
4607

EMA5 CROSS AND LOCK ABOVE 4607 WILL OPEN THE FOLLOWING BULLISH TARGETS
4699

EMA5 CROSS AND LOCK ABOVE 4699 WILL OPEN THE FOLLOWING BULLISH TARGETS
4772

EMA5 CROSS AND LOCK ABOVE 4772 WILL OPEN THE FOLLOWING BULLISH TARGETS
4842

BEARISH TARGETS
4427

EMA5 CROSS AND LOCK BELOW 4427 WILL OPEN THE FOLLOWING BEARISH TARGETS
4329

EMA5 CROSS AND LOCK BELOW 4329 WILL OPEN THE SWING RANGE
4281
4195

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
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Update on our 1H chart idea:

We got the bearish gap at 4427, followed by a cross and lock confirmation, which opened the move all the way down to the swing range.

From there, price respected the swing range perfectly and delivered the full seing move into 4329 for a clean finish.

Mr Gold

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