GOLD ROUTE MAP & TRADING PLAN UPDATE
Hey Everyone,
Great start to the week with our plans to buy from our first weighted level played out perfectly.
As stated we were looking for price to range between 2036 - 2022 weighted levels, which were both open for a test. We got the bearish move first with 2022 level test with the perfect 40 pip bounce with full gap to 2036 still open for a test although, as always we work towards a max of 40 pips when catching bounces for a safe exit.
A break and lock below 2022 level will open the retracement range. However, support here and we are likely to see a that test to 2036 Goldturn.
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 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
2036
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2047
2055
BEARISH TARGETS
2022 - DONE
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE
2006
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1992 - 1979
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
Mr Gold
Great start to the week with our plans to buy from our first weighted level played out perfectly.
As stated we were looking for price to range between 2036 - 2022 weighted levels, which were both open for a test. We got the bearish move first with 2022 level test with the perfect 40 pip bounce with full gap to 2036 still open for a test although, as always we work towards a max of 40 pips when catching bounces for a safe exit.
A break and lock below 2022 level will open the retracement range. However, support here and we are likely to see a that test to 2036 Goldturn.
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 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
2036
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2047
2055
BEARISH TARGETS
2022 - DONE
EMA5 CROSS AND LOCK BELOW 2022 WILL OPEN THE RETRACEMENT RANGE
2006
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1992 - 1979
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
Mr Gold
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