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 break 2080 leaving a open gap to 2092 but EMA5 is lagging behind. Although we have open target now at 2092, we will need to see ema5 and price meet and attach between 2080 and 2065 for some correction.
We have our retracement range at 2065 - 2052. We will need to see ema5 cross and lock below 2052 to open the swing range.
However, support above the retracement range will likely provide the bounce to retest 2080 and 2092. We will need to see ema5 lock above 2092 to 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 TARGET
2092
EMA5 CROSS AND LOCK ABOVE 2092 WILL OPEN THE FOLLOWING BULLISH TARGETS
2105
2115
BEARISH TARGETS
2080
2065
2052
EMA5 CROSS AND LOCK BELOW 2052 WILL OPEN THE SWING RANGE
SWING RANGE
2033 - 2022
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 break 2080 leaving a open gap to 2092 but EMA5 is lagging behind. Although we have open target now at 2092, we will need to see ema5 and price meet and attach between 2080 and 2065 for some correction.
We have our retracement range at 2065 - 2052. We will need to see ema5 cross and lock below 2052 to open the swing range.
However, support above the retracement range will likely provide the bounce to retest 2080 and 2092. We will need to see ema5 lock above 2092 to 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 TARGET
2092
EMA5 CROSS AND LOCK ABOVE 2092 WILL OPEN THE FOLLOWING BULLISH TARGETS
2105
2115
BEARISH TARGETS
2080
2065
2052
EMA5 CROSS AND LOCK BELOW 2052 WILL OPEN THE SWING RANGE
SWING RANGE
2033 - 2022
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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