GOLD ROUTE MAP UPDATE
Hey Everyone,
Great start to the week with our chart idea playing out as analysed, allowing us to buy dips using our weighted levels to track the movement down and catch the buys up.
We started with our bearish target at 2703 hit, followed with ema5 cross and lock to open the retracement range.
- This was hit perfectly fand gave the reactional bounce into the highlighted area at 2684. Allowing us to buy dips inline with our plans.
The retracement range was again retested and now broken after no lock above 2684, which followed with a test now into the swing range. We will now patiently wait for a reaction on this range for the bounce or a lock bellow to open the range further down.
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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
2638
SWING RANGE
2638 (DONE) - 2620
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
Great start to the week with our chart idea playing out as analysed, allowing us to buy dips using our weighted levels to track the movement down and catch the buys up.
We started with our bearish target at 2703 hit, followed with ema5 cross and lock to open the retracement range.
- This was hit perfectly fand gave the reactional bounce into the highlighted area at 2684. Allowing us to buy dips inline with our plans.
The retracement range was again retested and now broken after no lock above 2684, which followed with a test now into the swing range. We will now patiently wait for a reaction on this range for the bounce or a lock bellow to open the range further down.
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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
2638
SWING RANGE
2638 (DONE) - 2620
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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