GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEAD

Hey Everyone,

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

Last week we had a Bullish week, which was a perfect example of how our strategy allowed us to naturally fall into the turn from the prior Bearish week. Our setups work with or against the short/mid term trend.

The break and lock allowed us to track the movement down and our weighted levels allowed us to buys dips for 30 to 40 pips, as you can see on the chart.

We now have a bullish target at 1989 and a cross of ema5 above 1989 will open the upper range.

We have price testing weighted support at 1978 and a cross and lock below this level with ema5 will open the retracement range test at 1965 for a reactional bounce and a break and lock below 1965 will open the swing range for a reaction.

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 the 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
1989

EMA5 CROSS AND LOCK ABOVE 1989 WILL OPEN THE FOLLOWING BULLISH TARGET
2003
2018

BEARISH TARGETS
1978

EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE RETRACEMENT RANGE
1965

EMA5 CROSS AND LOCK BELOW 1965 WILL OPEN THE SWING RANGE

SWING RANGE
1935

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
XAUUSD TOP AUTHOR

Comment:

Booooom 💥🏆
1989 ✅️
2003 ✅️