GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK
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Hey Everyone, Please see our updated one h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above 2905 and a gap below 2872. We must see ema5 cross and lock on either weighted level to determine the following range. We will see levels tested side by side until one of the weighted levels breaks and locks to confirm the direction for thfollowingxt range. We will consider the above when taking buys from dips. Our updated and weighted levels will allow us to track the movement down and catch bounces up. We will continue to buy dips using our support levels, which will take 30 to 40 pips. As stated before, each level structure givesesese 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 for trading with or against short/mid-term swings and trends. BULLISH TARGET 2905 EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET 2934 EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET 2959 EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET 2987 BEARISH TARGETS 2872 EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET 2841 EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE SWING RANGE 2807 - 2781 EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE SECONDARY SWING RANGE 2764 - 2740 As always, we will keep you all updated with regular updates throughout the week on how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we rppreciate it!
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