GOLD 1H ROUTE MAP & TRADING PLAN UPDATE

19 ก.พ. 2024

Hey Everyone,

We start the week with our chart idea playing out perfectly with both the immediate bearish and Bullish targets hit.

The whipsaw candle action on market open took out the retracement targets and then headed up for the Bullish targets inline with our plans to buy dips

The retracement target at 2004 had no cross and lock and therefore followed with the rejection and bounce into hitting 2016 our first target posted yesterday.

We then had ema5 cross and lock above 2016 opening 2021 and 2026. We got the 2021 HIT perfectly and now only 2026 left. Although this remains open, it will be further confirmed if we see ema5 lock above 2021.

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 - DONE

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

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

BEARISH TARGETS
2010 - DONE
2004 - DONE

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