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 2033 but EMA5 is lagging behind. Although we have open target now at 2042, we will need to see ema5 cross and lock above 2033 to open the full range 2042 and 2052.
We have support now at 2033 and our bearish retracement zone at 2022. We will need to see ema5 cross and lock below 2022 to open the swing range.
However, support above the retracement range will likely provide the bounce to retest 2033 and 2042.
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
2042
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2042
2052
EMA5 CROSS AND LOCK ABOVE 2052 WILL OPEN THE FOLLOWING BULLISH TARGET
2065
POTENTIALLY 2080
BEARISH TARGETS
2033
2022
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE SWING RANGE
SWING RANGE
1999 - 1992
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 2033 but EMA5 is lagging behind. Although we have open target now at 2042, we will need to see ema5 cross and lock above 2033 to open the full range 2042 and 2052.
We have support now at 2033 and our bearish retracement zone at 2022. We will need to see ema5 cross and lock below 2022 to open the swing range.
However, support above the retracement range will likely provide the bounce to retest 2033 and 2042.
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
2042
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2042
2052
EMA5 CROSS AND LOCK ABOVE 2052 WILL OPEN THE FOLLOWING BULLISH TARGET
2065
POTENTIALLY 2080
BEARISH TARGETS
2033
2022
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE SWING RANGE
SWING RANGE
1999 - 1992
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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