GOLD ROUTE MAP UPDATE

l’altro ieri

Hey Everyone,

Great start to our 1H chart idea playing out as analysed although price still remains within the first range.

We started with our bearish target at 2645 hit with no cross and lock below confirming the rejection for the push up for our Bullish target at 2666, which fell short and still remains open.

We will continue to see price play between both these weighted levels until we see ema5 cross and lock on either weighted level to determine the next range.

We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for 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 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
2666

EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682

EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697

EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719

BEARISH TARGETS
2645 - DONE

EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628

EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE

SWING RANGE
2606 - 2586

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