Hey Traders,
Here’s our updated 1-hour chart levels & targets for the coming week.
Gold is currently fluctuating between two weighted levels with gaps at 2922 (above) and 2901 (below). To determine the next range, we need to see an EMA5 cross & lock on either weighted level.
Until one of these levels breaks & locks, expect side-by-side tests. We’ll use these movements to take buy trades from dips, tracking price action and catching bounces.
✅ Trading Strategy:
🔸 Buy dips using our support levels, securing 30-40 pip trades.
🔸 Our level structures provide 20-40 pip bounces, perfect for short/mid-term trades.
🔸 Back-testing our weekly levels over 24 months confirms their effectiveness in trading trends.
🎯 Bullish Targets:
📌 2922 – Key Resistance
📌 EMA5 Cross & Lock above 2922 → Next Target: 2947
📌 EMA5 Cross & Lock above 2947 → Next Target: 2968
🔻 Bearish Targets:
📌 2901 – Key Support
📌 EMA5 Cross & Lock below 2901 → Next Retracement Range: 2878 - 2851
📌 EMA5 Cross & Lock below 2851 → Next Swing Range: 2820 - 2796
🔔 Key Watch: EMA5 confirmations for directional bias!
📢 Stay tuned for regular updates on trade management & live setups. Your support means a lot—drop a like, comment & follow if you find this useful! 🚀🔥