GOLD 4H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEAD

4 feb

Hey Everyone,

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

We are seeing price play between a central zone of two structures with 2042 and 2053 as the resistance levels open for a test and 2028, as the retracement test level.

We have resistance at 2042 and 2053 for Bullish targets and 2028, as our bearish retracement target. We will see price range between these levels until one breaks and locks to confirm the next range.

A bearish test to support at 2028 and a break and lock below this level will open the swing range.

However, support above this level will likely provide the bounce to retest 2042 Goldturn and 2053. A cross and lock above 2053 will open the range above.

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
2042
2053

EMA5 CROSS AND LOCK ABOVE 2053 WILL OPEN THE FOLLOWING BULLISH TARGET
2065
2080

BEARISH TARGETS
2028

EMA5 CROSS AND LOCK BELOW 2028 WILL OPEN THE SWING RANGE

SWING RANGE
2010 - 1999

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!

GoldViewFX

Mr Gold