GOLD 1H ROUTE MAP & TRADING PLAN UPDATE

12 февр.

Hey Everyone,

We hit the ground running with our first open target at 2027 HIT. Ema5 then failed to cross and lock above the 2027 weighted level confirming the rejection into the retracement range, also hitting both bearish targets at 2020 and 2016.

EMA5 crossed and locked below 2020 opening the swing range. We got the push down into the swing range but didn't quite complete the full swing range target but gave the swing back into 2020 perfectly inline with our plans to buy dips.

We will now look for ema5 to cross and lock above 2020 to open the re-test at 2027. Failure to break this range will see another dip keeping in mind the swing range levels for the bounces.

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
2027 - DONE

EMA5 CROSS AND LOCK ABOVE 2027 WILL OPEN THE FOLLOWING BULLISH TARGET
2032
2037

EMA5 CROSS AND LOCK ABOVE 2037 WILL OPEN THE FOLLOWING BULLISH TARGET
2040
2044
POTENTIALLY 2048

BEARISH TARGETS
2020 - DONE
2016 - DONE

EMA5 CROSS AND LOCK BELOW 2020 WILL OPEN THE SWING RANGE

SWING RANGE
2010 - 2007

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