GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK

7 730
Hey Everyone,

Please see our updated 1h chart levels and targets for the coming week.

We are seeing price play between two weighted levels with a gap above at 3318 and a gap below at 3281. We will need to see ema5 cross and lock on either weighted level to determine the next range.

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 20 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.

The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.

BULLISH TARGET
3318

EMA5 CROSS AND LOCK ABOVE 3318 WILL OPEN THE FOLLOWING BULLISH TARGETS
3352

EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGET
3388

EMA5 CROSS AND LOCK ABOVE 3388 WILL OPEN THE FOLLOWING BULLISH TARGET
3428

EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478

BEARISH TARGETS
3281

EMA5 CROSS AND LOCK BELOW 3281 WILL OPEN THE FOLLOWING BEARISH TARGET
3254

EMA5 CROSS AND LOCK BELOW 3254 WILL OPEN THE FOLLOWING BEARISH TARGET
3210

EMA5 CROSS AND LOCK BELOW 3210 WILL OPEN THE SWING RANGE
3179
3146

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

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