GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEAD

Hey Everyone,

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

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

A bearish test to support at 2048 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2063 Goldturn. A cross and lock above 2063 will open the range above.

Price is playing in a central range in this overall structure and likely to see big swings either way. We will be managing a tight risk model to be able to move move with the swings without over exposure.

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
2063

EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET
2071
2086

BEARISH TARGETS
2048

EMA5 CROSS AND LOCK BELOW 2048 WILL OPEN THE FOLLOWING BEARISH RETRACEMENT TARGETS
2040
2032

EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE

SWING RANGE
2019 - 2002

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
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