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

20 oct.

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 2730 Goldturn resistance and 2719, as Goldturn support.

We currently have a gap above on market open at 2730 and below at 2719 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
2730

EMA5 CROSS AND LOCK ABOVE 2730 WILL OPEN THE FOLLOWING BULLISH TARGET
2739
2747

BEARISH TARGETS
2719

EMA5 CROSS AND LOCK BELOW 2719 WILL OPEN THE FOLLOWING BEARISH TARGET

BEARISH TARGET
2706

EMA5 CROSS AND LOCK BELOW 2706 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2692 - 2682

EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE SWING RANGE

SWING RANGE
2673 - 2661

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

20 oct.

Note

Typo correction - 2717 Goldturn NOT 2719