GOLD ROUTE MAP UPDATEHey Everyone,
Strong start to the week for our chart setup. Despite initial bearish momentum, price action aligned well with our dip buying strategy.
The session began with the bearish target at 3307 being achieved, triggering a key price reaction. This was followed by a ema5 cross and lock, confirming the activation of the retracement zone, which was also tested and respected with precision. We have now observed a confirmed breakout from the retracement range, opening the swing range. This move delivered our textbook swing bounce, again supporting our dip buying strategy.
The full extent of the swing range remains active, indicating continued opportunity for strategic dip entries while the range structure holds.
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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3341
EMA5 CROSS AND LOCK ABOVE 3341 WILL OPEN THE FOLLOWING BULLISH TARGETS
3372
EMA5 CROSS AND LOCK ABOVE 3372 WILL OPEN THE FOLLOWING BULLISH TARGET
3414
EMA5 CROSS AND LOCK ABOVE 3414 WILL OPEN THE FOLLOWING BULLISH TARGET
3447
EMA5 CROSS AND LOCK ABOVE 3447 WILL OPEN THE FOLLOWING BULLISH TARGETS
3478
EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGETS
3502
POTENTIALLY 3525
BEARISH TARGETS
3307 - DONE
EMA5 CROSS AND LOCK BELOW 3307 WILL OPEN THE RETRACEMENT RANGE
3281 - DONE
3254 - DONE
EMA5 CROSS AND LOCK BELOW 3254 WILL OPEN THE SWING RNGE
3233 - DONE
3201
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
