GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK

30 giu

Hey Everyone,

Please see our updated 4h chart levels and targets for the coming week.

We are seeing price between two weighted levels. We have 2337 Goldturn resistance and 2325 and 2316 as Goldturn support levels with 2337 as weighted resistance and 2316 as weighted support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range.

We have 2337 open gap and will need ema5 to lock above 2337 to confirm the range above. We also have 2316 as the retracement area and will need ema5 lock below this level to open the range below.

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 TARGETS
2337

EMA5 CROSS AND LOCK ABOVE 2337 WILL OPEN THE FOLLOWING BULLISH TARGET
2346
2353
POTENTIALLY 2360

EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET
2376

BEARISH TARGETS
2325
2316

EMA5 CROSS AND LOCK BELOW 2316 WILL OPEN THE FOLLOWING BEARISH TARGETS

BEARISH TARGETS
2309
2302

EMA5 CROSS AND LOCK BELOW 2302 WILL OPEN THE SWING RANGE


SWING RANGE
2290- 2284

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