GOLD 4H CHART ROUTE MAP FOR THE WEEK
Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted structures with 2389 as the resistance target and 2326 as the support target.
We are looking for a retest at 2389 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a rejection.
Our bearish support target is at 2326 and an ema5 cross and lock below this will open the retracement range between 2294 - 2274 and a break and lock below 2274 will open the swing 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 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
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490
BEARISH TARGETS
2326
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE
2294
2274
EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE
SWING RANGE
2196 - 2180
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 4h chart levels and targets for the coming week.
We are seeing price play between two weighted structures with 2389 as the resistance target and 2326 as the support target.
We are looking for a retest at 2389 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a rejection.
Our bearish support target is at 2326 and an ema5 cross and lock below this will open the retracement range between 2294 - 2274 and a break and lock below 2274 will open the swing 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 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
2389
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2446
2467
POTENTIALLY 2490
BEARISH TARGETS
2326
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE RETRACEMENT RANGE
2294
2274
EMA5 CROSS AND LOCK BELOW 2274 WILL OPEN THE SWING RANGE
SWING RANGE
2196 - 2180
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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