GOLD ROUTE MAP & TRADING PLAN UPDATE
Hey Everyone,
Great start to the week with our chart idea playing at once again like a broken record.
We started the day with our first bullish target at 2022 being hit. We then had ema5 cross and lock above 2022 opening 2033, as suggested yesterday with plenty of time to get in for the move. - This was hit perfectly completing 2033 target
Ema5 failed to then cross above 2033 confirming the rejection, which followed with the move down and now finding support at 2022 previously resistance.
We will likely see the price range between 2022 and 2033 now until one breaks and locks to confirm the next range.
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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2022 - DONE
EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2047
2055
BEARISH TARGETS
2014
EMA5 CROSS AND LOCK BELOW 2014 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 chart idea playing at once again like a broken record.
We started the day with our first bullish target at 2022 being hit. We then had ema5 cross and lock above 2022 opening 2033, as suggested yesterday with plenty of time to get in for the move. - This was hit perfectly completing 2033 target
Ema5 failed to then cross above 2033 confirming the rejection, which followed with the move down and now finding support at 2022 previously resistance.
We will likely see the price range between 2022 and 2033 now until one breaks and locks to confirm the next range.
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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2022 - DONE
EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET
2033 - DONE
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2047
2055
BEARISH TARGETS
2014
EMA5 CROSS AND LOCK BELOW 2014 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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