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 had a continuation of the strong move up last week with price finishing of with testing weighted resistance at 1904 and then support at 1979.

EMA5 cross above 1904 will open the levels and range above to track and trade or a cross and lock below 1979 will open the retracement range at 1959 -1950 correctional retest zone.

A break below the retracement range will see a test to the swing range for a bounce and a failure to lock below the retracement range will see a bounce up from this level.

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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1987

EMA5 CROSS AND LOCK ABOVE 1987 WILL OPEN THE FOLLOWING BULLISH TARGET
1994
2005

EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN 2018 AN 2032

BEARISH TARGETS
1979

EMA5 CROSS AND LOCK BELOW 1979 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
1959
1950

EMA5 CROSS AND LOCK BELOW 1950 WILL OPEN THE SWING RANGE RANGE

SWING RANGE
1913

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

Bình luận:

Nicely done. Retracement range followed with the Bullish targets hit. Perfectly inline with our routemap.

Bình luận:

Typos 2005 NOT 2004 and Typo on Bearish Goldturns - 1979 twice should be 1970 and 1979.

Bình luận:

BOOOOOM !!!! 2005 HIT

Bình luận:

Now looking for the 2005 cross and lock to open range above. We have the candle body close above 2005 so far openning 2018.