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GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months. Last week we stated that we had multiple attempts on the channel top and now we got the candle body close above 2434 opening the 2505 gap. - This gap was now completing hitting our final target on this chart at 2505 - BOOOOOM!! Now this is a crucial week coming up because if this break is to sustain itself on this new range we will be looking for price to find support above the channel top on a correctional retest and then a continuation above. However, if we see on the re-test of the channel top a break into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. If we see a continuation above then we will share a new updated weekly chart idea that we can then continue to track and trade for the months to come. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1H chart playing out perfectly, as analysed. We started the week with our 2434 Bullish target hit, which followed with ema5 cross and lock above 2434 opening 2446 and 2459. Both these targets were hit completing this range. We are now looking for ema5 to lock above 2459 to open 2475. Failure to lock above this level will follow with a rejection to find support on the lower Goldturns. 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 2434 - DONE EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET 2446 - DONE 2459 - DONE EMA5 CROSS AND LOCK ABOVE 2459 WILL OPEN THE FOLLOWING BULLISH TARGET 2475 BEARISH TARGETS 2421 EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET 2408 2396 EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE SWING RANGE 2380 - 2360 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
OANDA:XAUUSD
by Goldviewfx
6
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, After completing the swing range activation from our 1H chart, please now also review our 4H chart idea. The 4H chart idea also had a swing range test and gave the swing, but off the back of a volatile candle and didn't allow for the cross and lock confirmation due to momentum. The swing gave the bounce and an extended push into 2416 Goldturn resistance, followed with the rejection into 2391. We are now looking for ema5 to lock below 2391 to open the full swing range. Failure to lock below this level will provide another bounce to retest the levels 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 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 2467 EMA5 CROSS AND LOCK ABOVE 2467 WILL OPEN THE FOLLOWING BULLISH TARGET 2491 POTENTIALLY 2510 BEARISH TARGETS 2438 - DONE EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE FOLLOWING BEARISH TARGETS 2416 - DONE 2391 - DONE EMA5 CROSS AND LOCK BELOW 2391 WILL OPEN THE SWING RANGE SWING RANGE 2369 (DONE) - 2345 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
OANDA:XAUUSD
by Goldviewfx
12