GOLD 4H CHART ROUTE MAP UPDATE
Hey Everyone,
Please see our 4H chart update from Sunday with just our swing range updated.
We had our Bullish target hit at 2389 start of the week followed with no ema5 lock above, confirming the rejection into the bearish target.
Bearish target at 2354 was hit followed with a cross and lock below this level opening the retracement range at 2326, which was hit perfectly. A further cross and lock below the retracement range opened the levels below hitting our 2294 Goldturn level for the perfect bounce. This was supported at our first level into the updated swing range and now need to keep in mind the full swing range is still open.
We will now need a body close above 2326 to open retest to 2354. Ema5 lock will further confirm this.
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 - DONE
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
BEARISH TARGETS
2354 - DONE
EMA5 CROSS AND LOCK BELOW 2354 WILL OPEN THE RETRACEMENT RANGE
2326 - DONE
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE SWING RANGE
SWING RANGE
2294 - 2274
2294 - DONE
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 4H chart update from Sunday with just our swing range updated.
We had our Bullish target hit at 2389 start of the week followed with no ema5 lock above, confirming the rejection into the bearish target.
Bearish target at 2354 was hit followed with a cross and lock below this level opening the retracement range at 2326, which was hit perfectly. A further cross and lock below the retracement range opened the levels below hitting our 2294 Goldturn level for the perfect bounce. This was supported at our first level into the updated swing range and now need to keep in mind the full swing range is still open.
We will now need a body close above 2326 to open retest to 2354. Ema5 lock will further confirm this.
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 - DONE
EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS
2410
2429
BEARISH TARGETS
2354 - DONE
EMA5 CROSS AND LOCK BELOW 2354 WILL OPEN THE RETRACEMENT RANGE
2326 - DONE
EMA5 CROSS AND LOCK BELOW 2326 WILL OPEN THE SWING RANGE
SWING RANGE
2294 - 2274
2294 - DONE
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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