GOLD 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEAD
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price break into the new range and playing between 2085 resistance and support at 2079 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
A bearish test to support at 2079 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a re-test at 2071,2079 and 2085 Goldturn.
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
2085
EMA5 CROSS AND LOCK ABOVE 2085 WILL OPEN THE FOLLOWING BULLISH TARGETS
2093
2102
BEARISH TARGETS
2079
EMA5 CROSS AND LOCK BELOW 2079 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2071- 2064
EMA5 CROSS AND LOCK BELOW 2064 WILL OPEN THE SWING RANGE
SWING RANGE
2044 - 2036
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!
Mr Gold
GoldViewFX
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price break into the new range and playing between 2085 resistance and support at 2079 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
A bearish test to support at 2079 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a re-test at 2071,2079 and 2085 Goldturn.
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
2085
EMA5 CROSS AND LOCK ABOVE 2085 WILL OPEN THE FOLLOWING BULLISH TARGETS
2093
2102
BEARISH TARGETS
2079
EMA5 CROSS AND LOCK BELOW 2079 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2071- 2064
EMA5 CROSS AND LOCK BELOW 2064 WILL OPEN THE SWING RANGE
SWING RANGE
2044 - 2036
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!
Mr Gold
GoldViewFX
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