GOLD ROUTE MAP UPDATE

5 722
Hey Everyone,

Another great day on the charts with our levels playing out and respecting perfectly.

3201 Goldturn failed to lock below, which provided the support like we said and the bounce back into 3230.

We will now either look for a break and lock above 3230 for a continuation into the Bullish targets or we will continue to track the movement down with ema5 lock and catch the weighted level bounces inline with our plans to buy dips.

We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.

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.

The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.

BULLISH TARGET
3261

EMA5 CROSS AND LOCK ABOVE 3261 WILL OPEN THE FOLLOWING BULLISH TARGET
3292

EMA5 CROSS AND LOCK ABOVE 3292 WILL OPEN THE FOLLOWING BULLISH TARGET
3324

EMA5 CROSS AND LOCK ABOVE 3324 WILL OPEN THE FOLLOWING BULLISH TARGET
3352

BEARISH TARGETS
3230 - DONE

EMA5 CROSS AND LOCK BELOW 3230 WILL OPEN THE FOLLOWING BEARISH TARGET
3201 - DONE

EMA5 CROSS AND LOCK BELOW 3201 WILL OPEN THE RETRACEMENT RANGE
3179
3152

EMA5 CROSS AND LOCK BELOW 3152 WILL OPEN THE SWING RANGE
3120
3094

EMA5 CROSS AND LOCK BELOW 3094 WILL OPEN THE SECONDARY SWING RANGE

SECONDARY SWING RANGE
3069 - 3038

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

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