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

11. Aug.Hey Everyone,

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

We are seeing price between two weighted levels. We have 2434 Goldturn resistance and 2421, as Goldturn support.

We currently have a gap above on market open at 2434 and below at 2421 and 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
2434

EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET
2446
2459

BEARISH TARGETS
2421

EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET
2408
2396

EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE

SWING RANGE
2380 - 2360

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

12. Aug.

Kommentar

TYPO CORRECTION
EMA5 CROSS AND LOCK ABOVE 2459 WILL OPEN 2475 NOT 2465