GOLD 4H CHART UPDATED LEVELS & TARGETS - UPDATE

7 Des 2023

Hey Everyone,

After completing our 1H chart idea, please now review our 4H chart idea, which also played out perfectly hitting all our Bullish Targets followed with the bearish targets and then to finish off our 4H swing range gave the perfect swing allowing us capture pips safely using our strategy to buy dips.

The level to level break and locks allowed us to track the movement up and our weighted levels allowed us to buy dips for 30 to 40 pips on every weighted level, as you can see from the chart.

We are likely to see price now play between 2014 and 2032. We would look for a ema5 break on either level to confirm movement to the next weighted range level.

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 the 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2081 - DONE

EMA5 CROSS AND LOCK ABOVE 2081 WILL OPEN THE FOLLOWING BULLISH TARGET
2094 - DONE
2108 - DONE

BEARISH TARGETS -
2058 - DONE
2044 - DONE

EMA5 CROSS AND LOCK BELOW 2044 WILL OPEN THE SWING RANGE

SWING RANGE
2014 - DONE

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!

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