GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK AHEAD

Hey Everyone,

Please see our updated 1h chart levels and targets for the coming week.

We are seeing price challenge 2231 on market close on Friday. This is a level of resistance and will need ema5 to cross and lock above 2231 to open the range above.

We have a bullish body close price gap target at 2240 and support targets at 2225 and 2217. We will need to see 2217 cross and lock with ema5 to open the retracement range and a further break below the retracement range will see the swing range open.. Failure to lock below 2217 will establish support above this range for re-tests on the levels above once again.

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
2240

EMA5 CROSS AND LOCK ABOVE 2231 WILL OPEN THE FOLLOWING BULLISH TARGETS
2240
2246
POTENTIALLY 2253

BEARISH TARGETS
2225
2217

EMA5 CROSS AND LOCK BELOW 2217 WILL OPEN THE RETRACEMENT RANGE
2206

EMA5 CROSS AND LOCK BELOW 2206 WILL OPEN THE SWING RANGE

SWING RANGE
2189 - 2181

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