Goldviewfx

GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATE

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

Great start to the week with our chart idea off to a flying start!!!

We got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 - Both these targets were hit perfectly after the confirmation.

We will ow look for support above 2167 for a continuation and retest on the levels above until we see a lock above 2181. However, failure to support above 2167 will see the 2158 support gap filled and a break and lock below 2158 will open the retracement range.

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
2167 - DONE

EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175 - DONE
2181 - DOME

BEARISH TARGETS
2158

EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE
2148

EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE

SWING RANGE
2138 - 2125

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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