GOLD 4H CHART ROUTE MAP UPDATE

22 juil.

Hey Everyone,

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

We are seeing price play between two weighted levels, 2406 resistance and 2482 support. We got our first Bullish target hit today at 2406. We now have a candle body close above 2406 opening 2428 but will need ema5 cross and lock to further confirm this.

Ema5 failed to lock above 2406 and therefore followed with the rejection into price heading towards 2382 support. Failure to cross and lock below 2382 will follow with a bounce for another re-test above at 2406.

We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range.

We will need ema5 to lock above 2406 and 2428 to confirm the range above. We also have 2382, as the weighted support area and will need ema5 lock below this level to open 2360 and a cross and lock below 2360 will open the swing range for the extended swing.

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
2406 - DONE

EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET
2428

EMA5 CROSS AND LOCK ABOVE 2428 WILL OPEN THE FOLLOWING BULLISH TARGET
2450

EMA5 CROSS AND LOCK ABOVE 2450 WILL OPEN THE FOLLOWING BULLISH TARGET
2467
2481
POTENTIALLY 2495

BEARISH TARGETS
2382

EMA5 CROSS AND LOCK BELOW 2382 WILL OPEN THE FOLLOWING BEARISH TARGET
2360

EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE

SWING RANGE
2330 - 2303

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