GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEAD

Hey Everyone,

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

We are seeing price test at 2045 heading towards 2047 Goldturn resistance and sitting between two weighted levels for a test and break on either Goldturn to confirm the next level.

We have resistance at 2047 for a immediate bullish target and 2032, as our bearish retracement 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 2032 and a break and lock below this level will open the swing range. However, support here and we are likely to see a test at 2047 Goldturn. A cross and lock above 2047 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2047

EMA5 CROSS AND LOCK ABOVE 2047 WILL OPEN THE FOLLOWING BULLISH TARGET
2063
2074

BEARISH TARGETS
2032

EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE
2005
1992

EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE

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
XAUUSD TOP AUTHOR