GOLD ROUTE MAP 4H CHART TRADING PLAN UPDATE
Hey Everyone,
Please see update on our 4H chart idea, which has been playing out alongside our 1H chart idea.
We saw ema5 cross and lock below 2026 opening the retracement range earlier this week, which was hit perfectly!! and then followed with the perfect bounce, as highlighted on the chart, allowing us to buy from dips inline with our plans.
We now have resistance target at 2026 Goldturn and support at 2011 Goldturn, as our bearish target. We will see price range between these two weighted levels until one breaks and locks to confirm 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 share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2026
2038
EMA5 CROSS AND LOCK ABOVE 2038 WILL OPEN THE FOLLOWING BULLISH TARGET
2053
2061
BEARISH TARGETS
2026 - DONE
EMA5 CROSS AND LOCK BELOW 2026 WILL OPEN THE RETRACEMENT RANGE
2011 - DONE
EMA5 CROSS AND LOCK BELOW THE RETRACEMENT RANGE WILL OPEN THE SWING RANGE
SWING RANGE
1986
1978
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 update on our 4H chart idea, which has been playing out alongside our 1H chart idea.
We saw ema5 cross and lock below 2026 opening the retracement range earlier this week, which was hit perfectly!! and then followed with the perfect bounce, as highlighted on the chart, allowing us to buy from dips inline with our plans.
We now have resistance target at 2026 Goldturn and support at 2011 Goldturn, as our bearish target. We will see price range between these two weighted levels until one breaks and locks to confirm 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 share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2026
2038
EMA5 CROSS AND LOCK ABOVE 2038 WILL OPEN THE FOLLOWING BULLISH TARGET
2053
2061
BEARISH TARGETS
2026 - DONE
EMA5 CROSS AND LOCK BELOW 2026 WILL OPEN THE RETRACEMENT RANGE
2011 - DONE
EMA5 CROSS AND LOCK BELOW THE RETRACEMENT RANGE WILL OPEN THE SWING RANGE
SWING RANGE
1986
1978
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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