GOLD ROUTE MAP UPDATE

18 jam yang lalu

Hey Everyone,

A piptastic day on the charts today with our analysis playing out perfectly!!!!

Yesterday after completing the full swing range test at 2620, we stated we were waiting for the full swing action into 2657. The swing range did exactly what it says on the tin.

- This played out perfectly with the full swing action into 2657 completing this setup

We will now need to see ema5 lock above 2657 for a continuation, as long as the swing range provides support or a lock below the swing range will open the levels below.

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
2728

EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759

EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787

BEARISH TARGETS
2703 - DONE

EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE

EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE

EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE

SWING RANGE
2638 (DONE) - 2620 (DONE)

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