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

4 Agu

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 2467 Goldturn resistance and 2438, as the Goldturn 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 will need to see a test at 2467 and then ema5 to above 2467 to confirm the range above. We also have 2438, as the weighted support area and will need ema5 lock below this level to open 2416 and 2391 and a cross and lock below 2391 will open the swing range for the extended swing.

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
2467

EMA5 CROSS AND LOCK ABOVE 2467 WILL OPEN THE FOLLOWING BULLISH TARGET
2491
POTENTIALLY 2510

BEARISH TARGETS
2438

EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE FOLLOWING BEARISH TARGETS
2416
2391

EMA5 CROSS AND LOCK BELOW 2391 WILL OPEN THE SWING RANGE

SWING RANGE
2369 - 2345

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