GOLD ROUTE MAP & TRADING PLANS 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 2014 and resistance 2022 two weighted levels for a test and break on either Goldturn to confirm the next level.
We have resistance at 2022 for a immediate bullish target and 2014, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2014 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2022 Goldturn. A cross and lock above 2022 will open the range above.
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
2022
EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET
2033
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2047
2055
BEARISH TARGETS
2014
EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE
2006
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1992 - 1979
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 our updated 1h chart levels and targets for the coming week.
We are seeing price play between support 2014 and resistance 2022 two weighted levels for a test and break on either Goldturn to confirm the next level.
We have resistance at 2022 for a immediate bullish target and 2014, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2014 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2022 Goldturn. A cross and lock above 2022 will open the range above.
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
2022
EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET
2033
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2047
2055
BEARISH TARGETS
2014
EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE
2006
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1992 - 1979
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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