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 play between support 2030 Goldturn and resistance at 2036 Goldlturn for a test and break on either Goldturn to confirm the next range.
We have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. We will see price range between these levels until one breaks and locks to confirm the next level.
A bearish test to support at 2030 and a break and lock below this level will open the swing range. A cross and lock below the swing range will open the support structure. However, support above here and we are likely to see a test at 2036, 2044 and 2048 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
2036
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044
2048
EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055
BEARISH TARGETS
2030
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2016 - 2010
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 play between support 2030 Goldturn and resistance at 2036 Goldlturn for a test and break on either Goldturn to confirm the next range.
We have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. We will see price range between these levels until one breaks and locks to confirm the next level.
A bearish test to support at 2030 and a break and lock below this level will open the swing range. A cross and lock below the swing range will open the support structure. However, support above here and we are likely to see a test at 2036, 2044 and 2048 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
2036
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044
2048
EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055
BEARISH TARGETS
2030
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2016 - 2010
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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