GOLD 1H ROUTE MAP & TRADING PLAN UPDATE
Hey Everyone,
And off to a piptastic start with our chart idea playing out, as analysed.
Yesterday we stated that we have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. Both these levels were hit and complete today bouncing between the levels until one broke.
We are now seeing price at the retracement level giving plenty of bounces inline with our plans to buy dips. Ema5 has also locked below 2030 leaving the swing range now open. Although we are likely to see each level before the swing range (2025, 2020) to provide bounces.
We just have to now keep in mind the potential for further dips but ultimately we are looking for the 2036 retest again with a cross and lock to open the range above. We just need to keep in mind the range has now extended into the swing range when managing exposure against the 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
2036 - DONE
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044
2048
EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055
BEARISH TARGETS
2030 - DONE
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2016 - 2010
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
And off to a piptastic start with our chart idea playing out, as analysed.
Yesterday we stated that we have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. Both these levels were hit and complete today bouncing between the levels until one broke.
We are now seeing price at the retracement level giving plenty of bounces inline with our plans to buy dips. Ema5 has also locked below 2030 leaving the swing range now open. Although we are likely to see each level before the swing range (2025, 2020) to provide bounces.
We just have to now keep in mind the potential for further dips but ultimately we are looking for the 2036 retest again with a cross and lock to open the range above. We just need to keep in mind the range has now extended into the swing range when managing exposure against the 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
2036 - DONE
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044
2048
EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055
BEARISH TARGETS
2030 - DONE
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2016 - 2010
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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