GOLD 1H ROUTE MAP & TRADING PLAN UPDATE

28 Feb

Hey Everyone,

Once again we saw price range between the two structures. The retracement range is holding well with another retest bounce from the retracement range into 2036.

As part of our plans, we used the support areas to buy dips perfectly inline with the levels. As stated yesterday market is ranging and leaving gaps both ways with 2020, 2016 bearish gaps open below and 2044 Bullish target open above.

We remain Bullish and will continue to buy dips using the gaps below to ride up from support zones confirmed with our algo.

We just need to keep in mind the range has now extended into the swing range when managing exposure against the range when buying dips and taking exits level to level rather than holding all the way.

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
2036 - DONE

EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044
2048

EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055

BEARISH TARGETS
2030 - DONE
2025 - DONE


EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE

SWING RANGE
2016 - 2010

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