GOLD 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEAD
Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with 2017 support and 2028, as resistance open for a test.
We have resistance Bullish target at 2028, and our bearish retracement zone at 2017. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2017 and a break and lock below this level will open the swing range.
However, support above this level will likely provide the bounce to retest 2028 and 2042. A cross and lock above 2042 will open the range above.
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 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2028
EMA5 CROSS AND LOCK ABOVE 2028 WILL OPEN THE FOLLOWING BULLISH TARGET
2042
EMA5 CROSS AND LOCK ABOVE 2042 WILL OPEN THE FOLLOWING BULLISH TARGET
2053
POTENTIALLY 2061
BEARISH TARGETS
2017
EMA5 CROSS AND LOCK BELOW 2017 WILL OPEN THE SWING RANGE
SWING RANGE
1999 - 1992
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
Mr Gold
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with 2017 support and 2028, as resistance open for a test.
We have resistance Bullish target at 2028, and our bearish retracement zone at 2017. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2017 and a break and lock below this level will open the swing range.
However, support above this level will likely provide the bounce to retest 2028 and 2042. A cross and lock above 2042 will open the range above.
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 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2028
EMA5 CROSS AND LOCK ABOVE 2028 WILL OPEN THE FOLLOWING BULLISH TARGET
2042
EMA5 CROSS AND LOCK ABOVE 2042 WILL OPEN THE FOLLOWING BULLISH TARGET
2053
POTENTIALLY 2061
BEARISH TARGETS
2017
EMA5 CROSS AND LOCK BELOW 2017 WILL OPEN THE SWING RANGE
SWING RANGE
1999 - 1992
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
Mr Gold
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