GOLD ROUTE MAP UPDATE

9 dic

Hey Everyone,

Smashing start to the week with our chart idea playing out perfectly, as analysed.

We started the day with our first bullish target hit at 2645. This followed with ema5 cross and lock above 2645 opening 2661, which was hit perfectly completing this gap.

We now have a gap left at 2679, which fell just short and as long as 2661 holds, we will look for this gap to be completed. However, if we see ema5 lock below 2661, then we are likely to see lower Goldlturns tested to find support again.

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
2645 - DONE

EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661 - DONE

EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679

EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697

BEARISH TARGETS
2626

EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET
2612

EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE

SWING RANGE
2599 - 2584

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