GOLD 1H CHART ROUTE MAP UPDATE

12 Agu

Hey Everyone,

Great start to the week with our 1H chart playing out perfectly, as analysed.

We started the week with our 2434 Bullish target hit, which followed with ema5 cross and lock above 2434 opening 2446 and 2459.

Both these targets were hit completing this range. We are now looking for ema5 to lock above 2459 to open 2475. Failure to lock above this level will follow with a rejection to find support on the lower Goldturns.

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

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