GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out inline with our plans to buy dips.
We got our 2513 gap target hit, which followed with a ema5 cross and lock above 2513 opening 2525 and if momentum allowed then potential to 2535.
We got the perfect hit at 2525 and a candle body close now leaves a gap to 2535 but ema5 lock will further confirm this.
Failure to cross and lock above 2525 will follow with a rejection into the weighted Goldturn support levels, otherwise re- attempts will be made to complete the range into 2535..
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 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
2513 - DONE
EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET
2525 - DONE
2535
BEARISH TARGETS
2500
EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2484
EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE
SWING RANGE
2472 - 2461
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
Ggoldvsdollar
Has the gold price ended its decline in the short term?OPEC unexpectedly cut production and international oil prices rose sharply. The market is worried that global inflation will pick up again, and it has increased the possibility of the Federal Reserve raising interest rates at the May policy meeting, helping the dollar index rise to a near-one-week high, which has a significant impact on gold prices.
Judging from the trend of gold, gold surged and fell again last Friday, and began to withdraw after reaching the highest level of 1987, and continued to reach the lowest level so far to reach near 1949. The range of retracement in the short term is also more than 40 US dollars. At the same time, the daily line is staggered. After the opening of the morning, the short-term moving average is directly under pressure, and the support below the short-term line is maintained in the area around 1945-50, then the role of this area is also very important, and once it continues to break the level, it will be possible for gold to continue in the later period.
Judging from the 4-hour chart, the pattern space of the gold price began to tilt downward, and the market turned short, and the support below focused on the 1933 position of the daily line, which is probably the target position for this decline!In terms of space, gold is still sweeping back and forth in a volatile structure, but the space and range are changing over time, which has also added a lot of difficulty to the recent operation of gold.At present, according to the rhythm of gold, we continue to treat gold with the idea of sweeping. This time we look at it after it rises, and then falls back again.
Short-term operation ideas: sell gold near the 1976 position, and add a position to sell gold near 1980-1981. The stop loss level and take profit level will not be set first. Later, I will notify the channel in time to set the direct operation and stop loss.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
These are my views of the market. NewStyle CGP (module)This is a new style of trading i am currently perfecting refer to it as CarsonsGannishPitchfork (Module)
Or "CGP" (Module) for short.
If you have any correlating thoughts to my current ideas "XRP having one the best use cases in these regards", feel free to contact me.
Ripple (XRP) chart in attached ideas below.
Thank you and good luck.
My chart may seem messy, but my base idea is solid.
I made this chart Respectfully in 10 minutes.
My other thoughts and ideas were put together over the coarse of ~11 days period,
i'm working towards finding this pattern out and trying to reverse engineer it " To some degree".