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

18 Feb

Hey Everyone,

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

We are seeing price break 2011 but EMA5 is lagging behind. Although we have open target now at 2022, we will need to see ema5 cross and lock above 2011 to open the full range 2022 and 2033.

We have support now at 2011, and our bearish retracement zone at 1999 and 1992. We will need to see ema5 cross and lock below 1999 to open the swing range.

However, support above the retracement range will likely provide the bounce to retest 2011.

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
2022

EMA5 CROSS AND LOCK ABOVE 2011 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2033

EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2052
POTENTIALLY 2065

BEARISH TARGETS
2011
1999
1992

EMA5 CROSS AND LOCK BELOW 1999 WILL OPEN THE SWING RANGE

SWING RANGE
1978

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