GOLD ROUTE MAP UPDATE
Hey Everyone,
A choppy day on the charts today with 2330 broken leaving a gap open to 2339. We got the push up into 2337 and just fell short by 20 pips leaving 2339 gap open.
The rejection tested the Goldturn support below with 2323 providing the bounces, as advised yesterday.
We are now plying in an extended range with a gap above at 2339 and the retracement gap below at 2312.
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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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
A choppy day on the charts today with 2330 broken leaving a gap open to 2339. We got the push up into 2337 and just fell short by 20 pips leaving 2339 gap open.
The rejection tested the Goldturn support below with 2323 providing the bounces, as advised yesterday.
We are now plying in an extended range with a gap above at 2339 and the retracement gap below at 2312.
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
2323 - DONE
2330 - DONE
EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349
BEARISH TARGETS
2312
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE
SWING RANGE
2302 - 2294
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
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