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Piyasa

GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK

GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEK

Gold OANDA:XAUUSD

Hey Everyone,

Please see our 4H chart route map and trading plan for the week ahead.

We are now seeing price play between a gap above at 4088 Goldturn and the swing range below at 3990/3876. We will need to see ema5 cross and lock above 4088 for a breakout above or rejections will see the swing range being tested for the bounce.

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 20 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.

The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.

BULLISH TARGET
4088

EMA5 CROSS AND LOCK ABOVE 4088 WILL OPEN THE FOLLOWING BULLISH TARGET
4171

EMA5 CROSS AND LOCK ABOVE 4171 WILL OPEN THE FOLLOWING BULLISH TARGET
4267

EMA5 CROSS AND LOCK ABOVE 4267 WILL OPEN THE FOLLOWING BULLISH TARGET
4400

SWING RANGE
3990
3876

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

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