GOLD 4H CHART ROUTE MAP 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 weighted levels 2354 resistance and 2327 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2354 to further open the range above or a rejection will follow to find support at 2327. A cross and lock below 2327 will open the retracement range and a further cross and lock below 2294 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
2354
EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386
EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429
BEARISH TARGETS
2327
EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313
2294
EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE
SWING RANGE
2274 - 2245
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 levels 2354 resistance and 2327 support. We will need to see either weighted level break and lock to confirm the next range.
We will need to see ema5 lock above 2354 to further open the range above or a rejection will follow to find support at 2327. A cross and lock below 2327 will open the retracement range and a further cross and lock below 2294 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
2354
EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386
EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429
BEARISH TARGETS
2327
EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313
2294
EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE
SWING RANGE
2274 - 2245
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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