GOLD ROUTE MAP UPDATE
Hey Everyone,
Following on from yesterdays update; After getting the bounce from the swing range for 50 pips, we saw ema5 cross and lock below the swing range, opening the support structure - This was hit today!
We are now expecting a reactional bounce here for support. If the support structure holds with no ema5 lock we are likely to see levels above tested. However, if we see ema5 cross and lock below the full support structure then we will see a break out below. We will update our Goldturn levels on our next update if needed.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2724
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611 - DONE
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SUPPORT STRUCTURE
SUPORT STRUCTURE
2583 (DONE) - 2564
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
Following on from yesterdays update; After getting the bounce from the swing range for 50 pips, we saw ema5 cross and lock below the swing range, opening the support structure - This was hit today!
We are now expecting a reactional bounce here for support. If the support structure holds with no ema5 lock we are likely to see levels above tested. However, if we see ema5 cross and lock below the full support structure then we will see a break out below. We will update our Goldturn levels on our next update if needed.
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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2724
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611 - DONE
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SUPPORT STRUCTURE
SUPORT STRUCTURE
2583 (DONE) - 2564
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
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