GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Once again we delivered the GOLD!!!!
Yesterday we waited for ema5 cross and lock above 2672 to open 2682, as the final target and 2690, as a potential should momentum allow. We got the cross and lock above 2672 followed with 2682 target hit.
We then advised that we are now looking for support above 2663 and 2672 for another retest on the Goldturn levels above. We got the support wick rejection above 2672 and then followed with the re-test above like we suggested, also finishing off with the last target of this chart idea at 2690 - BOOOOOM!!!!
We will now move onto our 4H chart idea for the remainder of the week or if price comes back into the 1h chart range, then we can continue to use the levels to track and trade the movement again.
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
2663 - DONE
EMA5 CROSS AND LOCK ABOVE 2663 WILL OPEN THE FOLLOWING BULLISH TARGET
2672 - DONE
EMA5 CROSS AND LOCK ABOVE 2672 WILL OPEN THE FOLLOWING BULLISH TARGET
2682- DONE
POTENTIALLY 2690 - DONE
BEARISH TARGETS
2654 - DONE
EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET
BEARISH TARGET
2646 - DONE
EMA5 CROSS AND LOCK BELOW 2646 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2638 (DONE) - 2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2618 - 2608
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
