GOLD 1H ROUTE MAP & TRADING PLAN UPDATE
Hey Everyone,
A piptastic day on the chart with our chart idea once again playing out to perfection hitting our 2166 target with plenty of dips to get in of the action, inline with our plans to buy dips.
Yesterday we stated we had the drop into the retracement range followed with the perfect bounce into 2155 Goldturn leaving 2166 let open.
- This was hit perfectly today alongside a clean finish at 2175. Respected the level perfectly!!
We are now looking for ema5 to cross and lock above 2166 to open the range above. Failure to lock above will see price back into the retracement range.
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
2166 - DONE
EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175 - DONE
2182
BEARISH RETRACEMENT TARGETS
2155 - DONE
2147 - DONE
EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE
SWING RANGE
2137 - 2129
EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2113
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
A piptastic day on the chart with our chart idea once again playing out to perfection hitting our 2166 target with plenty of dips to get in of the action, inline with our plans to buy dips.
Yesterday we stated we had the drop into the retracement range followed with the perfect bounce into 2155 Goldturn leaving 2166 let open.
- This was hit perfectly today alongside a clean finish at 2175. Respected the level perfectly!!
We are now looking for ema5 to cross and lock above 2166 to open the range above. Failure to lock above will see price back into the retracement range.
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
2166 - DONE
EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175 - DONE
2182
BEARISH RETRACEMENT TARGETS
2155 - DONE
2147 - DONE
EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE
SWING RANGE
2137 - 2129
EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT
2113
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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