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

14 Jul

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 2416 Goldturn resistance and 2397, as Goldturn 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 have 2416 open gap and will need ema5 to lock above 2416 to confirm the range above. We also have 2397, as the weighted support area and will need ema5 lock below this level to open the retracement range below. A break below 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
2416

EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET
2425
2437

EMA5 CROSS AND LOCK ABOVE 2437 WILL OPEN THE FOLLOWING BULLISH TARGET
2449
2460

BEARISH TARGETS
2397

EMA5 CROSS AND LOCK BELOW 2397 WILL OPEN THE FOLLOWING BEARISH TARGETS

BEARISH TARGETS
2382
2361

EMA5 CROSS AND LOCK BELOW 2361 WILL OPEN THE SWING RANGE

SWING RANGE
2330 - 2316

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