GOLD ROUTE MAP & TRADING PLAN UPDATE
Hey Everyone,
Another great day for us on the charts!!!
We highlighted yesterday the test on the swing range and the expected swing. Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as highlighted by us on the chart.
We are now seeing price test this level and will likely play between this range 2015 - 2032 until one locks with ema5. We will need to see a break above 2032 with ema5 to see the range above open up again or a break below 2015 for the range below.
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 the 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2078 - DONE
EMA5 CROSS AND LOCK ABOVE 2078 WILL OPEN THE FOLLOWING BULLISH TARGET
2091 - DONE
2104 - DONE
BEARISH TARGETS
2067 - DONE
2045 - DONE
EMA5 CROSS AND LOCK BELOW 2045 WILL OPEN THE SWING RANGE
SWING RANGE
2015 - 2010 - DONE
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
XAUUSD TOP AUTHOR
Another great day for us on the charts!!!
We highlighted yesterday the test on the swing range and the expected swing. Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as highlighted by us on the chart.
We are now seeing price test this level and will likely play between this range 2015 - 2032 until one locks with ema5. We will need to see a break above 2032 with ema5 to see the range above open up again or a break below 2015 for the range below.
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 the 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2078 - DONE
EMA5 CROSS AND LOCK ABOVE 2078 WILL OPEN THE FOLLOWING BULLISH TARGET
2091 - DONE
2104 - DONE
BEARISH TARGETS
2067 - DONE
2045 - DONE
EMA5 CROSS AND LOCK BELOW 2045 WILL OPEN THE SWING RANGE
SWING RANGE
2015 - 2010 - DONE
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
XAUUSD TOP AUTHOR
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