GOLD ROUTE MAP UPDATE

4 548
Hey Everyone,

Another great day on the charts today with our analysis playing out perfectly like we analysed.

As a follow up from yesterday, after completing 3356, we noted that EMA5 cross and lock opening 3404, which was hit perfectly today as analysed. With strong momentum, we also cleared the 3424 Bullish Target.

We will now look for an EMA5 lock above 3424 to open the next bullish level at 3439. Alternatively, a rejection here may see lower Goldtruns tested for support and bounce.

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 20 to 40 pips. As stated before, each of our level structures gives 20 to 40 pip bounces, which is enough for a nice entry and exit. If you backtest the levels we’ve shared every week for the past 24 months, you’ll see how effectively they were used to trade with or against short/mid-term swings and trends.

The swing ranges give bigger bounces than our weighted levels, that’s the difference between the two.

BULLISH TARGET
3356 - DONE

EMA5 CROSS AND LOCK ABOVE 3356 WILL OPEN THE FOLLOWING BULLISH TARGETS
3381 - DONE

EMA5 CROSS AND LOCK ABOVE 3381 WILL OPEN THE FOLLOWING BULLISH TARGET
3404 - DONE

EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET
3424 - DONE

EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3458

BEARISH TARGETS
3331

EMA5 CROSS AND LOCK BELOW 3331 WILL OPEN THE FOLLOWING BEARISH TARGET
3311

EMA5 CROSS AND LOCK BELOW 3311 WILL OPEN THE SWING RANGE
3289
3266

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.