GOLD ROUTE MAP UPDATE ON LEVELS & TARGETS FOR THE WEEK

25 ott 2023

Hey Everyone,

Another PIPTASTIC day for us, as our chart idea played out perfectly!!

After completing the retracement range, we identified the bullish bounce targets with our arrow on the chart at 1979 and 1987 and stated yesterday a retest at 1979 was due. This was HIT today alongside 1987 on the weighted level completing this range - BOOOOM!!

We will now need to see ema5 ross and lock above 1979 to confirm the range above. Failure to lock will follow with a rejection to test the weighted support levels.

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 the 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 have shared every week for the last 18 months, you can see how effectively they can be used to trade with or against short term swings and trends.

BULLISH TARGETS
1987 - DONE

EMA5 CROSS AND LOCK ABOVE 1987 WILL OPEN THE FOLLOWING BULLISH TARGET
1994
2005

EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN 2018 AN 2032

BEARISH TARGETS
1979 - DONE
1970 - DONE

EMA5 CROSS AND LOCK BELOW 1979 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
1959 - DONE
1950

EMA5 CROSS AND LOCK BELOW 1950 WILL OPEN THE SWING RANGE RANGE

SWING RANGE
1913

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
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