GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2506 Goldturn resistance and 2495, as Goldturn support.
We currently have a gap above on market open at 2506 and below at 2495 and will need 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 to confirm direction for the next range.
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 for 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
2506
EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET
2523
EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET
2535
POTENTIALLY 2547
BEARISH TARGETS
2495
EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2482
EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE
SWING RANGE
2472 - 2461
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 our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2506 Goldturn resistance and 2495, as Goldturn support.
We currently have a gap above on market open at 2506 and below at 2495 and will need 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 to confirm direction for the next range.
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 for 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
2506
EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET
2523
EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET
2535
POTENTIALLY 2547
BEARISH TARGETS
2495
EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2482
EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE
SWING RANGE
2472 - 2461
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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