GOLD 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEAD
Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two structures, support at 2151 Goldturn and resistance at 2171 Goldturn.
We are looking for a bullish test on 2171 and a break and lock above 2171 will open the range above. We also have a immediate bearish test at 2151 and a break and lock below 2151 will open the retracement range and a further break below the retracement range will see the swing range open.
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
2171
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190
2206
BEARISH RETRACEMENT TARGETS
2151
EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE
SWING RANGE
2101 - 2078
EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2052 - 2042
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 structures, support at 2151 Goldturn and resistance at 2171 Goldturn.
We are looking for a bullish test on 2171 and a break and lock above 2171 will open the range above. We also have a immediate bearish test at 2151 and a break and lock below 2151 will open the retracement range and a further break below the retracement range will see the swing range open.
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
2171
EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS
2190
2206
BEARISH RETRACEMENT TARGETS
2151
EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE
SWING RANGE
2101 - 2078
EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2052 - 2042
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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