GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK
Hey Everyone,
Please see our 4h chart route map and trading plan for the week ahead.
We are now seeing price play between two weighted levels with a gap above at 4378 and a gap below at 4295. We will need to see 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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
4378
EMA5 CROSS AND LOCK ABOVE 4378 WILL OPEN THE FOLLOWING BULLISH TARGET
4466
EMA5 CROSS AND LOCK ABOVE 4466 WILL OPEN THE FOLLOWING BULLISH TARGET
4545
EMA5 CROSS AND LOCK ABOVE 4545 WILL OPEN THE FOLLOWING BULLISH TARGET
4609
EMA5 CROSS AND LOCK ABOVE 4609 WILL OPEN THE FOLLOWING BULLISH TARGET
4675
BEARISH TARGET
4295
EMA5 CROSS AND LOCK BELOW 4295 WILL OPEN THE SWING RANGE
4236
4173
EMA5 CROSS AND LOCK BELOW 4173 WILL OPEN THE SECONDARY SWING RANGE
4095
4040
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