GOLD ROUTE 4H CHART TRADING PLANS FOR THE WEEK AHEAD

Hey Everyone,

Please see our updated 4h chart levels and targets for the coming week.

We are seeing price play between support and resistance between two weighted levels for a test and break on either Goldturn to confirm the next level.

We have resistance at 2061 for a immediate bullish target and 2042, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range.

A bearish test to support at 2042 and a break and lock below this level will open the retracement range and a break and lock below the retracement range with ema5 will open the swing range. We also have support structure at 1978.

However, support on either levels will likely provide the bounce to the new Goldturn until we see a test at 2061 Goldturn. A cross and lock above 2061 will open the range above.

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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2061

EMA5 CROSS AND LOCK ABOVE 2061 WILL OPEN THE FOLLOWING BULLISH TARGET
2080

BEARISH TARGETS
2042

EMA5 CROSS AND LOCK BELOW 2042 WILL OPEN THE RETRACEMENT RANGE
2022

EMA5 CROSS AND LOCK BELOW THE RETRACEMENT RANGE WILL OPEN THE SWING RANGE

SWING RANGE
1999

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