GOLD 4H CHART ROUTE MAP UPDATE

Hey Everyone,

Great start to the week with our chart idea playing once again in true level to level fashion!!

Price was sitting between two weighted levels, 2354 resistance and 2327 support and we were looking for either weighted level to break and lock to confirm the next range.

We got our bearish target hit first at 2327. No lock below confirmed the rejection and gave the perfect bounce inline with our plans to buy dips for a nice clean catch.

Our Bullish target at 2354 remains open and, as stated yesterday; we are looking for either the 2354 Goldturn resistance or 2327 Goldturn support to cross and lock to open the next range.

We also need to keep in mind our 1H chart idea has broken support and left the range below open, which we need to keep in mind during the week when planning our buys from dips.

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
2354

EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386

EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429

BEARISH TARGETS
2327 - DONE

EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313
2294

EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE

SWING RANGE
2274 - 2245

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