GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK

9 Feb

Hey Everyone,

Please see our updated 4h chart levels and targets for the coming week.

We are seeing ema5 and price play between two weighted levels with a gap above at 2867 and a gap below at 2833. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range.

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
2867

EMA5 CROSS AND LOCK ABOVE 2867 WILL OPEN THE FOLLOWING BULLISH TARGET
2894

EMA5 CROSS AND LOCK ABOVE 2894 WILL OPEN THE FOLLOWING BULLISH TARGET
2924

EMA5 CROSS AND LOCK ABOVE 2924 WILL OPEN THE FOLLOWING BULLISH TARGET
2958

EMA5 CROSS AND LOCK ABOVE 2958 WILL OPEN THE FOLLOWING BULLISH TARGET
2979

BEARISH TARGETS
2833

EMA5 CROSS AND LOCK BELOW 2833 WILL OPEN THE FOLLOWING BEARISH TARGET
2800

EMA5 CROSS AND LOCK BELOW 2800 WILL OPEN THE SWING RANGE

SWING RANGE
2771 - 2743

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

9 Feb

Dagangan aktif

TYPO CORRECTION: 2952 GOLDTURN NOT 2958