GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 1h chart shared on Sunday. We got our 2331 hit followed with a cross and lock opening 2345 and 2359. 2345 was hit and now only 2359 left.
The rejection before this gap followed with a repeat of yesterdays action to find support just above the retracement range again. We were able to buy dips inline with our plans to manage the range.
As long as we have ema5 above 2310, we should another attempt on the range above level to level or a cross and lock below 2310 will confirm the swing 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
2331 - DONE
EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS
2345 - DONE
2359
BEARISH TARGETS
2310
EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE
SWING RANGE
2285 - 2274
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
