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

2월 11일

Hey Everyone,

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

We are seeing price play between support 2020 and resistance 2027 two weighted levels for a test and break on either Goldturn to confirm the next level.

We have resistance at 2027 for a immediate bullish target and 2020, as our bearish level target. We will see price range between these levels until one breaks and locks to confirm the next range.

A bearish test to support at 2020 and a break and lock below this level will open the swing range. However, support above here and we are likely to see a test at 2027, 2032 and 2037 Goldturn. A cross and lock above 2037 will open the range above.

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

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
2016

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