GOLD 4H CHART ROUTE MAP UPDATE

שלשום

Hey Everyone,

Great start to the week with our chart idea playing out, as analysed.

We started the day with our Bullish target hit at 2629 with no cross and lock above confirming the rejection.

We are now seeing price head towards the bearish gap below. We are looking for price to stay supported above this level to continue to use our smaller timeframes for entries to buy dips, unless we see a cross and lock below 2600, in which case the lower range will open up.

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 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGET
2629 - DONE

EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655

EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694

EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726

BEARISH TARGETS
2600

EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561

EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE

SWING RANGE
2518 - 2486

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