GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK

28 июл.

Hey Everyone,

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

We are seeing price between two weighted levels. We have 2400 Goldturn resistance and 2376, as Goldturn support.

We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.

We have 2400 open gap and will need ema5 to lock above 2400 to confirm the range above. We also have 2376, as the weighted support area and will need ema5 lock below this level to open 2360, 2344 and a cross and lock below 2344 will open the swing range for the extended swing.

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
2400

EMA5 CROSS AND LOCK ABOVE 2400 WILL OPEN THE FOLLOWING BULLISH TARGET
2423
POTENTIALLY 2438

EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET
2459
POTEITNALLY 2475

BEARISH TARGETS
2376

EMA5 CROSS AND LOCK BELOW 2376 WILL OPEN THE FOLLOWING BEARISH TARGET
2360
2344

EMA5 CROSS AND LOCK BELOW 2344 WILL OPEN THE SWING RANGE

SWING RANGE
2313- 2298

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX