GOLD 1H CHART ROUTE MAP UPDATE
Hey Everyone,
Another great day on the charts today with our Goldturns respecting level to level.
Yesterday we stated that each of the Goldturns within the open swing range gave bounces inline with our plans to buy dips and now heading to 2333 for a test of resistance previously support.
- This played out perfectly with 2333 hit today. 2333 is now acting as resistance and will need a cross and lock to open the range above otherwise a rejection here will see further tests within the swing 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
2393
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2422
2440
AND POTENTIALLY 2454
BEARISH TARGETS
2371 - DONE
EMA5 CROSS AND LOCK BELOW 2371 WILL OPEN THE RETRACEMENT RANGE
2355 - DONE
2333 - DONE
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE SWING RANGE & LEVELS WITHIN
2312 - DONE
2289 - DONE
SWING RANGE
2278- 2258
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!
Mr Gold
GoldViewFX
Another great day on the charts today with our Goldturns respecting level to level.
Yesterday we stated that each of the Goldturns within the open swing range gave bounces inline with our plans to buy dips and now heading to 2333 for a test of resistance previously support.
- This played out perfectly with 2333 hit today. 2333 is now acting as resistance and will need a cross and lock to open the range above otherwise a rejection here will see further tests within the swing 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
2393
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2422
2440
AND POTENTIALLY 2454
BEARISH TARGETS
2371 - DONE
EMA5 CROSS AND LOCK BELOW 2371 WILL OPEN THE RETRACEMENT RANGE
2355 - DONE
2333 - DONE
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE SWING RANGE & LEVELS WITHIN
2312 - DONE
2289 - DONE
SWING RANGE
2278- 2258
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!
Mr Gold
GoldViewFX
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