GOLD ROUTE MAP & TRADING PLAN UPDATE

30 Jan

Hey Everyone,

Piptastic day on the chart for us today with our chart idea playing out level to level with plenty of time to get in for the action by identifying gaps with ema5 lock.

Yesterday we had ema5 cross and lock above 2022 opening 2033, which was hit perfectly completing 2033 target. We were then looking for the weighted level 2033 to cross and lock to open 2047.

Today we had the ema5 cross and lock above 2033 confirming the open gap to 2047. This was hit perfectly once again completing our chart idea for the perfect exit before the rejection.

2055 was a potential, as stated from the outset but will need to see ema5 cross and lock above 2047 to confirm the 2055 target.

We will likely see the price range between 2033 and 2047 now until one breaks and locks to confirm the next range.

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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2022 - DONE

EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET
2033 - DONE

EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2047 - DONE
2055

BEARISH TARGETS
2014

EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE
2006

EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE

SWING RANGE
1992 - 1979

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX

Mr Gold