GOLD 1H CHART ROUTE MAP UPDATE

13 Agu

Hey Everyone,

Another piptastic day on the charts with our trading idea playing out perfectly!!

After completing all the open targets yesterday, we advised that we were now looking for ema5 to lock above 2459 to open 2475 and failure to lock above this level will follow with a rejection to find support on the lower Goldturns.

- We got the cross and lock above 2459 opening 2475 with plenty of time and gap to get in for the action and BOOOOOM!!! This was hit perfectly respecting the Goldturn.

We will now look for ema5 to cross and lock above 2475 to open 2488 and potentially 2500 or failure to lock above this level will follow with a rejection into the lower Goldturn support levels for bounces.

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
2434 - DONE

EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET
2446 - DONE
2459 - DONE

EMA5 CROSS AND LOCK ABOVE 2459 WILL OPEN THE FOLLOWING BULLISH TARGET
2475 - DONE

BEARISH TARGETS
2421

EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET
2408
2396

EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE

SWING RANGE
2380 - 2360

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