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Goldtradoing

GOLD DAILY CHART ROUTE MAP UPDATEHey Everyone, After completing our 1h and 4h chart earlier this week, we now finish off with our daily candle chart update. After completing all the previous gaps 2566 and 2608, we stated that we now had a candle body close above 2608 leaving 2650 open and ema5 would further confirm this. We also stated that the higher timeframes may not have room for ema5 lock, so a candle body close is also suffice. - This played out perfectly, as the candle body close was enough for the confirmation and we had the 2650 gap completed this week. We now have a candle body close above 2650 leaving 2695 open and once again, ema5 would further confirm this. We are currently seeing the detachment to ema5 happening for the daily chart correction. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the chart today with our 4H chart also playing out perfectly. We got our 1H chart 2506 target hit yesterday and now today we got our 4H chart target at 2517 hit perfectly with precision. We are seeing price between two weighted levels. We have 2517 Goldturn resistance and we have 2493, as Goldturn support. Both 2493 bearish and 2517 Bullish targets complete. We will now need to see ema5 cross and lock either level to determine 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 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 2517 - DONE EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET 2536 POTENTIALLY 2550 BEARISH TARGETS 2493 - DONE EMA5 CROSS AND LOCK BELOW 2493 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2468 2438 EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE SWING RANGE 2416 - 2389 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
OANDA:XAUUSD
by Goldviewfx
18