GOLD 1H CHART ROUTE MAP UPDATE
Hey Everyone,
Another PIPTASTIC day on the charts today with our analysis playing out in true level to level fashion.
Yesterday we stated that we were now looking for a 2498 weighted resistance re-test and a cross and lock above this level will re-open the range above.
- This played out perfectly, as we got the 2498 target hit followed with the cross and lock confirmation for 2509, which was also hit perfectly!!
We now also have 2509 cross and lock opening 2524, which gave a nice capture and fell just just short of a few pips and will now be keeping this mind.
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
2509 - DONE
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2524
2535
BEARISH TARGETS
2498 - DONE
EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2484 - DONE
EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE
SWING RANGE
2472 (DONE) - 2461
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
Another PIPTASTIC day on the charts today with our analysis playing out in true level to level fashion.
Yesterday we stated that we were now looking for a 2498 weighted resistance re-test and a cross and lock above this level will re-open the range above.
- This played out perfectly, as we got the 2498 target hit followed with the cross and lock confirmation for 2509, which was also hit perfectly!!
We now also have 2509 cross and lock opening 2524, which gave a nice capture and fell just just short of a few pips and will now be keeping this mind.
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
2509 - DONE
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2524
2535
BEARISH TARGETS
2498 - DONE
EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2484 - DONE
EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE
SWING RANGE
2472 (DONE) - 2461
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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