Gold Route Map UPDATE - LEVEL TO LEVEL
Hey Everyone,
Following on from yesterdays update we had the cross and break below 1917 with ema5, which opened the lower range 1910 AND 1905 - Both these targets were HIT today.
We also suggested inline with our long term plans to buy dips that these weighted levels will give 30 to 40 pip bounces. This also played out giving some sniper entries and exit.
The swing range is now also open, as EMA5 has crossed 1905. We expect some re-action in this zone.
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 the catch bounces up until we catch the turn.
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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1929
EMA5 CROSS AND LOCK ABOVE 1929 WILL OPEN THE FOLLOWING BULLISH TARGET
1935
1943
BEARISH TARGETS
1917 - DONE
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE FOLLOWING BEARISH TARGETS
1910 - DONE
1905 - DONE
EMA5 CROSS AND LOCK BELOW 1905 WILL OPEN THE SWING RANGE
SWING RANGE
1897 - 1889
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
XAUUSD TOP AUTHOR
Following on from yesterdays update we had the cross and break below 1917 with ema5, which opened the lower range 1910 AND 1905 - Both these targets were HIT today.
We also suggested inline with our long term plans to buy dips that these weighted levels will give 30 to 40 pip bounces. This also played out giving some sniper entries and exit.
The swing range is now also open, as EMA5 has crossed 1905. We expect some re-action in this zone.
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 the catch bounces up until we catch the turn.
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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
BULLISH TARGETS
1929
EMA5 CROSS AND LOCK ABOVE 1929 WILL OPEN THE FOLLOWING BULLISH TARGET
1935
1943
BEARISH TARGETS
1917 - DONE
EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE FOLLOWING BEARISH TARGETS
1910 - DONE
1905 - DONE
EMA5 CROSS AND LOCK BELOW 1905 WILL OPEN THE SWING RANGE
SWING RANGE
1897 - 1889
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
XAUUSD TOP AUTHOR
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