GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEAD

3 thg 12, 2023

Hey Everyone,

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

Last week after the Bullish run we cleared all our targets. We are now at the top end of the range and the potential to enter a new range above is not far.

We are now seeing price test resistance at 2067 with ema5 with a candle body close above the level leaving a gap to 2078.

However, we would need to see ema5 cross above 2067 level to solidify the confirmation of the movement to 2078. Failure to lock above this level will follow with a rejection into support.

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
2078

EMA5 CROSS AND LOCK ABOVE 2078 WILL OPEN THE FOLLOWING BULLISH TARGET
2091
2104

BEARISH TARGETS
2067
2045

EMA5 CROSS AND LOCK BELOW 2045 WILL OPEN THE SWING RANGE

SWING RANGE
2015

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
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