Gold Route Map UPDATEHey Everyone,
Another great day on the charts for us today with another bounce from weighted level 1950, which gave the correctional drop we were looking for providing support for the bounce up.
We got the EMA5 cross confirmation above 1950 opening 1961 once again, which then followed with a HIT - BOOOM!!
We are now looking for ema5 challenge on 1961 to open the range above with 1969 in range for a test.
We will now track the movement level to level using ema5 to manage the range and continue to buy dips from support.
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 the 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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1928 - DONE
1935 - DONE
EMA5 CROSS AND LOCK ABOVE 1935 WILL OPEN THE FOLLOWING BULLISH TARGET
1943 - DONE
1950 - DONE
BEARISH TARGETS
1918 - DONE
EMA5 CROSS AND LOCK BELOW 1918 WILL OPEN THE SWING RANGE
SWING RANGE
1905 - 1895
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!
GoldViewFX
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