GOLD ROUTE MAP UPDATE

Hey Everyone,

After completing 2513 and 2525 yesterday we had a candle body close gap to 2535 but stated ema5 lock will further confirm this. No lock confirmed the rejection to find support above 2500.

We are now seeing price range between the weighted levels 2513 resistance and 2500 support and using the dips between this range to buy and using 2513, as exits for now.

We will look for either 2513 to cross and lock above once again to open the range above or a cross and lock below 2500 to open the retracement range. Currently we will be using the support above 2500 to buy dips.

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
2513 - DONE

EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET
2525 - DONE
2535

BEARISH TARGETS
2500

EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2484

EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE

SWING RANGE
2472 - 2461

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