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

20 Okt

Hey Everyone,

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

We are seeing price between two levels. We have 2737 Goldturn resistance and 2715, as Goldturn support.

We currently have a candle body close above 2715 opening 2737 on market open but ema5 cross and lock will further confirm this and below at 2715, non weighted support and 2693, as weighted support level. We will need ema5 cross and lock on either weighted level 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
2737 (EMA5 LOCK ABOVE 2715 WILL FURTHER CONFIRM THIS)

EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET
2760
POTENTIALLY 2779

EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
POTENTIALLY 2814

BEARISH TARGETS
2715
2693

EMA5 CROSS AND LOCK BELOW 2693 WILL OPEN THE FOLLOWING BEARISH TARGET
2669

EMA5 CROSS AND LOCK BELOW 2669 WILL OPEN THE SWING RANGE

SWING RANGE
2640

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