GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the markets today. After completing our 1h chart route map yesterday, we moved onto our 4 chart route map.
On this chart idea, we got our Bullish target at 3330 hit, followed with candle body close gaps to 3372 and 3414, as ema5 didn't catch up due to momentum. However, the body close breaks on each level still gave us enough time for the confirmation before being hit.
We then managed to get ema5 cross and lock above 3414 opening 3457, which was also hit perfectly, completing this target with confirmation. No further lock above 3457 confirmed the rejection. However, we now have a body close above 3457 with a gap to 3503, which just fell short by a few pips.
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
3330 - DONE
EMA5 CROSS AND LOCK ABOVE 3330 WILL OPEN THE FOLLOWING BULLISH TARGET
3372 - DONE
EMA5 CROSS AND LOCK ABOVE 3372 WILL OPEN THE FOLLOWING BULLISH TARGET
3414 - DONE
EMA5 CROSS AND LOCK ABOVE 3414 WILL OPEN THE FOLLOWING BULLISH TARGET
3457 - DONE
EMA5 CROSS AND LOCK ABOVE 3457 WILL OPEN THE FOLLOWING BULLISH TARGET
3503
BEARISH TARGETS
3282
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE RETRACEMENT RANGE
3224
3190
EMA5 CROSS AND LOCK BELOW 3190 WILL OPEN THE SWING RANGE
SWING RANGE
3131 - 3077
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
