GOLD 4H CHART ROUTE MAP UPDATE
Hey Everyone,
Please see update on our 4H chart idea, which has been playing out perfectly inline with our trading plans,
As shared at the beginning of the week; We had 2406, as an open gap above and 2383 open gap below.
- Both of these gaps were hit!!! The retracement zone provided the bounce for the push up hitting 2406. This followed with a ema5 cross and lock opening 2429, which was also hit perfectly. We then had 2429 cross and lock opening 2461, which was hit today completing this chart idea - BOOOOM!!!!
We are now seeing the rejection at 2461 and price is now heading towards 2429 for support. Support here and we are likely to see another 2461 re-test or a break and lock below 2429 will open 2406 for a test.
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 shared 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
2406 - DONE
EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGET
2461 - DONE
BEARISH TARGETS
2383 - DONE
2360
EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE
SWING RANGE
2328 - 2302
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Please see update on our 4H chart idea, which has been playing out perfectly inline with our trading plans,
As shared at the beginning of the week; We had 2406, as an open gap above and 2383 open gap below.
- Both of these gaps were hit!!! The retracement zone provided the bounce for the push up hitting 2406. This followed with a ema5 cross and lock opening 2429, which was also hit perfectly. We then had 2429 cross and lock opening 2461, which was hit today completing this chart idea - BOOOOM!!!!
We are now seeing the rejection at 2461 and price is now heading towards 2429 for support. Support here and we are likely to see another 2461 re-test or a break and lock below 2429 will open 2406 for a test.
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 shared 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
2406 - DONE
EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET
2429 - DONE
EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGET
2461 - DONE
BEARISH TARGETS
2383 - DONE
2360
EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE
SWING RANGE
2328 - 2302
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
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