GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATE
Hey Everyone,
Please see update on the 4H chart we traded last week. This weeks chart is still a continuation from last weeks chart as the chart is still in play and playing out perfectly, as we analysed. We only updated the retracement and swing range to accommodate the new range.
Last weeks range played out level to level like we analysed finished off with the last cross and lock above 2590 opening 2608 and 2626, which was completed perfectly finishing off the week at the last target.
We are seeing price between two weighted levels. We have 2626 Goldturn resistance and we have 2608, as Goldturn support.
We currently have a gap open above at 2626 and below at 2608 and will need 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 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 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.
BULLISH TARGET
2626
EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET
2645
POTENTIALLY 2664
EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
POTENTIALLY 2699
BEARISH TARGETS
2608
EMA5 CROSS AND LOCK BELOW 2608 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2590 - 2564
EMA5 CROSS AND LOCK BELOW 2564 WILL OPEN THE SWING RANGE
SWING RANGE
2545 - 2517
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
Please see update on the 4H chart we traded last week. This weeks chart is still a continuation from last weeks chart as the chart is still in play and playing out perfectly, as we analysed. We only updated the retracement and swing range to accommodate the new range.
Last weeks range played out level to level like we analysed finished off with the last cross and lock above 2590 opening 2608 and 2626, which was completed perfectly finishing off the week at the last target.
We are seeing price between two weighted levels. We have 2626 Goldturn resistance and we have 2608, as Goldturn support.
We currently have a gap open above at 2626 and below at 2608 and will need 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 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 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.
BULLISH TARGET
2626
EMA5 CROSS AND LOCK ABOVE 2626 WILL OPEN THE FOLLOWING BULLISH TARGET
2645
POTENTIALLY 2664
EMA5 CROSS AND LOCK ABOVE 2664 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
POTENTIALLY 2699
BEARISH TARGETS
2608
EMA5 CROSS AND LOCK BELOW 2608 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2590 - 2564
EMA5 CROSS AND LOCK BELOW 2564 WILL OPEN THE SWING RANGE
SWING RANGE
2545 - 2517
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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