GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEAD
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week.
We are now seeing price test a weighted support structure 2001 - 1990 with a immediate bullish target open at 2012 and a retracement range target at 1990
However, we would need to see ema5 cross above 2012 level to open the levels 2022 and 2034. Failure to lock above this level will follow with a rejection into support. We will then look for each of the weighted levels to be broken with EMA5 to track the movement in true level to level fashion, up or down.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
SWING RANGE
1965
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
XAUUSD TOP AUTHOR
Please see our updated 1h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week.
We are now seeing price test a weighted support structure 2001 - 1990 with a immediate bullish target open at 2012 and a retracement range target at 1990
However, we would need to see ema5 cross above 2012 level to open the levels 2022 and 2034. Failure to lock above this level will follow with a rejection into support. We will then look for each of the weighted levels to be broken with EMA5 to track the movement in true level to level fashion, up or down.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034
BEARISH TARGETS
1990
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
SWING RANGE
1965
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
XAUUSD TOP AUTHOR
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