Goldviewfx

GOLD 1H ROUTE MAP & TRADING PLAN UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Our 1H chart idea is truly respecting our levels alongside our updates throughout the week.

After hitting 2021 and 2026 yesterday, we advised of the lock above 2026 leaving 2031 open with potentially 2037.
- 2031 was hit perfectly!!!

We also advised that we had 2026 and 2021, as correctional retracement support zones for a retest.
- Both of these levels were hit.

We will now look for support here or a break and lock below 2021 will open the range below to the next weighted level.

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
2016 - DONE

EMA5 CROSS AND LOCK ABOVE 2016 WILL OPEN THE FOLLOWING BULLISH TARGET
2021 - DONE
2026 - DONE

EMA5 CROSS AND LOCK ABOVE 2026 WILL OPEN THE FOLLOWING BULLISH TARGET
2031 - DONE
POTENTIALLY 2037

BEARISH TARGETS
2010 - DONE
2004 - DONE

EMA5 CROSS AND LOCK BELOW 2004 WILL OPEN THE SWING RANGE

SWING RANGE
1996 - 1989

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

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