GOLD 4H AND 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEAD

4 mar

Hey Everyone,

Great start to the week with our chart idea playing out to perfection!!!

Yesterday we advised that we were looking for the 2092 target re-test and a cross and lock above 2092 will open 2105 and 2115, which was all hit perfectly today completing this range.

We will now need to see ema5 cross and lock above 2115 to open the range above - 2130 and potentially 2139.

Please also see our 1H chart below, which also played out perfectly completing this chart idea

On this 1H chart, we were looking for the 2085 target retest and a cross and lock above 2085 to open 2093 and 2102, which was also hit perfectly today completing this chart idea.

We are keeping our risk tight in this new range, as some correction is expected with our Goldturn support levels marked out for reaction.

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 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 TARGET
2092 - DONE

EMA5 CROSS AND LOCK ABOVE 2092 WILL OPEN THE FOLLOWING BULLISH TARGETS
2105 - DONE
2115 - DONE

BEARISH TARGETS
2080 -DONE
2065
2052

EMA5 CROSS AND LOCK BELOW 2052 WILL OPEN THE SWING RANGE

SWING RANGE
2033 - 2022

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!

Mr Gold

GoldViewFX