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

7 710
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 4598 and a gap below at 4539, 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
4598

EMA5 CROSS AND LOCK ABOVE 4598 WILL OPEN THE FOLLOWING BULLISH TARGETS
4634

EMA5 CROSS AND LOCK ABOVE 4634 WILL OPEN THE FOLLOWING BULLISH TARGETS
4666

EMA5 CROSS AND LOCK ABOVE 4666 WILL OPEN THE FOLLOWING BULLISH TARGETS
4700

EMA5 CROSS AND LOCK ABOVE 4700 WILL OPEN THE FOLLOWING BULLISH TARGETS
4729

BEARISH TARGETS
4564

EMA5 CROSS AND LOCK BELOW 4564 WILL OPEN THE FOLLOWING BEARISH TARGET
4539

EMA5 CROSS AND LOCK BELOW 4539 WILL OPEN THE FOLLOWING BEARISH TARGET
4496

EMA5 CROSS AND LOCK BELOW 4496 WILL OPEN THE SWING RANGE
4459
4427

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
Transakcja zamknięta: osiągnięto wyznaczony cel
snapshot

Hey everyone,

Please see update on our 1H chart idea, which played out to perfection.

The gap opening cleared our bullish targets at 4598, 4634 and 4666. Following that, the EMA 5 lock confirmed further upside, with 4700 and 4729 both getting hit, completing this chart idea successfully.

Great execution all around.

Mr Gold

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