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

2024年2月18日

Hey Everyone,

Please see our updated 1h chart levels and targets for the coming week.

We are seeing price play between support 2010 Goldturn and resistance at 2016 Goldlturn for a test and break on either Goldturn to confirm the next level.

We have resistance at 2016 for a immediate bullish target and 2010, as our bearish level target. We will see price range between these levels until one breaks and locks to confirm the next level.

A bearish test to support at 2010 and a break and lock below this level will open the retracement range. A cross and lock below the retracement range will open the swing range. However, support above here and we are likely to see a test at 2016, 2021 and 2026 Goldturn. A cross and lock above 2026 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
2016

EMA5 CROSS AND LOCK ABOVE 2016 WILL OPEN THE FOLLOWING BULLISH TARGET
2021
2026

EMA5 CROSS AND LOCK ABOVE 2026 WILL OPEN THE FOLLOWING BULLISH TARGET
2031
2037

BEARISH TARGETS
2010
2004

EMA5 CROSS AND LOCK BELOW 2004 WILL OPEN THE SWING RANGE

SWING RANGE
1996 - 1989

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!

Mr Gold

GoldViewFX