GOLD 1H ROUTE MAP & TRADING PLAN UPDATE

7 Feb

Hey Everyone,

And we did it again!!!!!

After trading and tracking the movement down into the swing range and then riding it all the way back up yesterday we highlighted that we have a few candle body close above 2036 leaving 2040 gap open - This was HIT perfectly today!!!

We will now see price bounce between 2040 and 2036 and look for ema5 to cross and lock above or below the weighted levels to track the next range. We would like to see 2036 support for another re-test at 2040.

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
2030 - DONE
2040 - DONE

EMA5 CROSS AND LOCK ABOVE 2040 WILL OPEN THE FOLLOWING BULLISH TARGET (NO CROSS AND LOCK)
2048
2055

BEARISH TARGETS
2030 - DONE

EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE

SWING RANGE
2015 -DONE
2007

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!

GoldViewFX

Mr Gold