GOLD 4H CHART ROUTE AND TRADING PLAN FOR THE WEEK

May 19

Hey Everyone,

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

We are seeing price play between two weighted levels 2418 resistance and 2379 is the weighted support for this range and we have the correctional retracement zones in-between. We will need to see either weighted level break and lock to confirm the next range.

We will need to see ema5 lock above 2418 to further open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2379 will open the swing 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2418

EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS
2438
2453

BEARISH TARGETS
2400
2379

EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE

SWING RANGE
2357 - 2334

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!

Mr Gold
GoldViewFX