GOLD 1H CHART ROUTE MAP UPDATE

27 mag

Hey Everyone,

Great start to the week with our chart idea playing out, as analysed hitting our open bullish target at 2350. We were able to trail this to 2358 for a nice catch.

We are now seeing ema5 lock above 2350 opening 2365 and 2378. 2365 will need a ema5 cross to further confirm the 2378 gap.

We now have gaps above and a retracement range below that has not had a test. As long as we stay above the retracement range, we are likely to see the bullish gaps complete. A break and lock below the weighted level of the retracement range will open the swing 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
2350 - DONE

EMA5 CROSS AND LOCK ABOVE 2350 WILL OPEN THE FOLLOWING BULLISH TARGETS
2365
2378

BEARISH TARGETS
2315

EMA5 CROSS AND LOCK BELOW 2315 WILL OPEN THE SWING RANGE

SWING RANGE
2274

EMA5 CROSS AND LOCK BELOW 2374 WILL OPEN STRUCTURE SUPPORT


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!

Mr Gold
GoldViewFX