GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
This is a continuation update from last week, which is playing out perfectly clearing first our Bearish target followed with all our Bullish targets with ema5 lock confirmations.
We are now seeing a gap left open at 3089 and will need ema5 to cross and lock above this level for a continuation into the next level. Failure to lock will see price reject into the lower Goldturns for bounces or further cross and locks below the levels to open the levels below.
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
3045 - DONE
EMA5 CROSS AND LOCK ABOVE 3045 WILL OPEN THE FOLLOWING BULLISH TARGET
3067 - DONE
EMA5 CROSS AND LOCK ABOVE 3067 WILL OPEN THE FOLLOWING BULLISH TARGET
3089
EMA5 CROSS AND LOCK ABOVE 3089 WILL OPEN THE FOLLOWING BULLISH TARGET
3114
BEARISH TARGETS
3018
EMA5 CROSS AND LOCK BELOW 3018 WILL OPEN THE FOLLOWING BEARISH TARGET
2985
EMA5 CROSS AND LOCK BELOW 2985 WILL OPEN THE SWING RANGE
SWING RANGE
2947 - 2918
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
