GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK

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Hey Everyone,

Please see our 4H chart route map and trading plan for the week ahead.

We are seeing price play the updated swing range and currently testing weighted resistance at 4089 and a gap below at 4089. We will need to see ema5 cross and lock on above 4089 to open the range above or failure to lock above will see price play back within the swing 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 30 to 50 pips. As stated before each of our level structures give 30 to 50 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.


EMA5 CROSS AND LOCK ABOVE 4089 WILL OPEN THE FOLLOWING BULLISH TARGET
4193

EMA5 CROSS AND LOCK ABOVE 4193 WILL OPEN THE FOLLOWING BULLISH TARGET
4329

EMA5 CROSS AND LOCK ABOVE 4329 WILL OPEN THE FOLLOWING BULLISH TARGET
4473

EMA5 CROSS AND LOCK ABOVE 4473 WILL OPEN THE FOLLOWING BULLISH TARGET
4623

SWING RANGE
4002
3875

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

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