GOLD 4H CHART ROUTE MAP UPDATE

Dec 30, 2024

Hey Everyone,

Great start to the week with our chart idea playing out, as analysed.

We are still seeing price play between the two weighted levels and started the day with our bullish target test 2629, which just fell short but can be considered as done. No cross and lock above confirmed the rejection and now we are seeing price head towards the lower weighted level for a test. 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
2629

EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655

EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694

EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726

BEARISH TARGETS
2600

EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561

EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE

SWING RANGE
2519 - 2486

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