GOLD ROUTE MAP UPDATE

14 Agu

Hey Everyone,

It never ceases to amaze us how amazingly our levels allow us to confirm continuations and rejections.

Our last update yesterday we confirmed all our bullish targets were hit after ema5 cross and lock confirmations in each stages allowing us to track and trade the movement up.

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

- This played out perfectly, as we had no cross and lock above 2475 confirming the rejection, which followed with the drop into the lower Goldturns for support bounces. We are now back in the range and therefore levels are active once again, which will allow us to track and trade the movement level to level.

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