GOLD ROUTE MAP UPDATE

19 Jul

Hey Everyone,

A great finish to the week with all our chart ideas playing out perfectly and, as per our daily updates throughout the week.

After riding the move up inline with our plans to buy dips, we finished off yesterday with 2467 test and then advised that we needed ema5 to cross and lock above this weighted Goldturn to open the range above or a failure to lock will confirm the rejection.

- Failure to lock above 2467 confirmed the end of the run and the rejection with a drop into 2397 weighted level, which gave the perfect bounce, as analysed. We will now either need to see ema5 lock below 2397 weighted level to open the range below or we will see another run up to test 2416 weighted level.

BULLISH TARGETS
2416 - DONE

EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET
2425 - DONE
2437 - DONE

EMA5 CROSS AND LOCK ABOVE 2437 WILL OPEN THE FOLLOWING BULLISH TARGET
2449 - DONE
2460 - DONE

We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead.

Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold