GOLD ROUTE MAP UPDATE
Hey Everyone,
What can I say.....Another PIPTASTIC day on the charts today!!
We got the break below 2567 opening the retracement range, which gave the perfect bounce into the upper Goldturns 2581 and then 2591, completing our open Bullish target that we highlighted earlier this week. - BOOOOOM!!
We will now look for ema5 cross and lock above 2591 to open the range above or failure to lock will follow with a rejection into the lower Goldturns for support and bounce on the weighted levels.
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
2581 - DONE
EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET
2591 - DONE
EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET
2603
POTENTIALLY 2615
BEARISH TARGETS
2567 - DONE
EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2554 (DONE) - 2538
EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE
SWING RANGE
2516 - 2506
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
What can I say.....Another PIPTASTIC day on the charts today!!
We got the break below 2567 opening the retracement range, which gave the perfect bounce into the upper Goldturns 2581 and then 2591, completing our open Bullish target that we highlighted earlier this week. - BOOOOOM!!
We will now look for ema5 cross and lock above 2591 to open the range above or failure to lock will follow with a rejection into the lower Goldturns for support and bounce on the weighted levels.
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
2581 - DONE
EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET
2591 - DONE
EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET
2603
POTENTIALLY 2615
BEARISH TARGETS
2567 - DONE
EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2554 (DONE) - 2538
EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE
SWING RANGE
2516 - 2506
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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