GOLD 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEAD
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between support 2030 and resistance 2040 two weighted levels for a test and break on either Goldturn to confirm the next level.
We have resistance at 2040 for a immediate bullish target and 2030, as our bearish retracement level. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2030 and a break and lock below this level will open the swing range. However, support above here and we are likely to see a test at 2040 Goldturn. A cross and lock above 2040 will 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 TARGETS
2040
EMA5 CROSS AND LOCK ABOVE 2040 WILL OPEN THE FOLLOWING BULLISH TARGET
2048
2055
EMA5 CROSS AND LOCK ABOVE 2055 WILL OPEN THE FOLLOWING BULLISH TARGET
2064
2071
BEARISH TARGETS
2030
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2015 - 2007
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!
GoldViewFX
Mr Gold
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between support 2030 and resistance 2040 two weighted levels for a test and break on either Goldturn to confirm the next level.
We have resistance at 2040 for a immediate bullish target and 2030, as our bearish retracement level. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2030 and a break and lock below this level will open the swing range. However, support above here and we are likely to see a test at 2040 Goldturn. A cross and lock above 2040 will 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 TARGETS
2040
EMA5 CROSS AND LOCK ABOVE 2040 WILL OPEN THE FOLLOWING BULLISH TARGET
2048
2055
EMA5 CROSS AND LOCK ABOVE 2055 WILL OPEN THE FOLLOWING BULLISH TARGET
2064
2071
BEARISH TARGETS
2030
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2015 - 2007
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!
GoldViewFX
Mr Gold
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