GOLD 1H CHART ROUTE MAP & CHART ANALYSIS
Updated
Hi Traders,
Please see my 1H CHART level and trading analysis.
As we can clearly see that price play between two weighted levels with a gap above at 2745 and a gap below at 2684. We will need to see the EMA5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock into confirm direction of the next rage.
Keep in mind when taking buys from dips. Our updated levels and weighted levels will allow us to trach the movement down and then catch bounces up.
Please continue to buy dips using our support levels and taking 25- 35 pips. Each of our level structure gives 25-35 pips bounces which is perfect for nice entry and exit.
BULLISH TARGET
2717
EMA5 CROSS AND LOCK ABOVE 2709.83 WILL OPEN THE FOLLOWING BULLISH TARGET
2718.78
EMA5 CROSS AND LOCK ABOVE 2718.78 WILL OPEN THE FOLLOWING BULLISH TARGET
2727.66
EMA5 CROSS AND LOCK ABOVE 2727.66 WILL OPEN THE FOLLOWING BULLISH TARGET
2736.55
EMA5 CROSS AND LOCK ABOVE 2736.55 WILL OPEN THE FOLLOWING BULLISH TARGET
2745.43
EMA5 CROSS AND LOCK ABOVE 2745.43 WILL OPEN THE FOLLOWING BULLISH TARGET
2745.43
BEARISH TARGETS
2691
EMA5 CROSS AND LOCK BELOW 2700.71 WILL OPEN THE FOLLOWING BEARISH TARGET
2691.89
EMA5 CROSS AND LOCK BELOW 2691.89 WILL OPEN THE FOLLOWING BEARISH TARGET
2684.83
QuantumTraders
Please see my 1H CHART level and trading analysis.
As we can clearly see that price play between two weighted levels with a gap above at 2745 and a gap below at 2684. We will need to see the EMA5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock into confirm direction of the next rage.
Keep in mind when taking buys from dips. Our updated levels and weighted levels will allow us to trach the movement down and then catch bounces up.
Please continue to buy dips using our support levels and taking 25- 35 pips. Each of our level structure gives 25-35 pips bounces which is perfect for nice entry and exit.
BULLISH TARGET
2717
EMA5 CROSS AND LOCK ABOVE 2709.83 WILL OPEN THE FOLLOWING BULLISH TARGET
2718.78
EMA5 CROSS AND LOCK ABOVE 2718.78 WILL OPEN THE FOLLOWING BULLISH TARGET
2727.66
EMA5 CROSS AND LOCK ABOVE 2727.66 WILL OPEN THE FOLLOWING BULLISH TARGET
2736.55
EMA5 CROSS AND LOCK ABOVE 2736.55 WILL OPEN THE FOLLOWING BULLISH TARGET
2745.43
EMA5 CROSS AND LOCK ABOVE 2745.43 WILL OPEN THE FOLLOWING BULLISH TARGET
2745.43
BEARISH TARGETS
2691
EMA5 CROSS AND LOCK BELOW 2700.71 WILL OPEN THE FOLLOWING BEARISH TARGET
2691.89
EMA5 CROSS AND LOCK BELOW 2691.89 WILL OPEN THE FOLLOWING BEARISH TARGET
2684.83
QuantumTraders
Trade closed: target reached
Fantastic. As per our chart analysis, trade successfully reached the Target 2745.
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