GOLD ROUTE MAP UPDATE
Hey Everyone,
Another PITASTIC day on the chart with our chart idea playing out perfectly once again.
After completing our Bullish target at 2631 yesterday we stated that we were now looking for ema5 cross and lock above 2631 to open the range above.
We got the cross and lock above 2631 opening 2644 and if momentum allows potentially 2658. 2644 was hit perfectly completing this target!!! A candle body close or cross and lock will further confirm the potential target aswell.
We are happy with 2644, as our target in this range and now observing for the rest of today.
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
2631 - DONE
EMA5 CROSS AND LOCK ABOVE 2631 WILL OPEN THE FOLLOWING BULLISH TARGET
2644 - DONE
POTENTIALLY 2658
BEARISH TARGETS
2618 - DONE
EMA5 CROSS AND LOCK BELOW 2618 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2603 - 2588
EMA5 CROSS AND LOCK BELOW 2588 WILL OPEN THE SWING RANGE
SWING RANGE
2575 - 2558
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
Another PITASTIC day on the chart with our chart idea playing out perfectly once again.
After completing our Bullish target at 2631 yesterday we stated that we were now looking for ema5 cross and lock above 2631 to open the range above.
We got the cross and lock above 2631 opening 2644 and if momentum allows potentially 2658. 2644 was hit perfectly completing this target!!! A candle body close or cross and lock will further confirm the potential target aswell.
We are happy with 2644, as our target in this range and now observing for the rest of today.
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
2631 - DONE
EMA5 CROSS AND LOCK ABOVE 2631 WILL OPEN THE FOLLOWING BULLISH TARGET
2644 - DONE
POTENTIALLY 2658
BEARISH TARGETS
2618 - DONE
EMA5 CROSS AND LOCK BELOW 2618 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2603 - 2588
EMA5 CROSS AND LOCK BELOW 2588 WILL OPEN THE SWING RANGE
SWING RANGE
2575 - 2558
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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