GOLD ROUTE MAP UPDATEHey Everyone,
Absolutely beautiful to see our 1h chart idea playing out perfectly. After completing the bearish targets earlier this week, we had the ema5 cross and lock below 3306 opening the swing range.
- This played out perfectly hitting the first swing range level and doing exactly what it say son the tin giving the full swing into 3306 just like we highlighted.
We will now look for ema5 lock above 3306 for a continuation into the bullish targets above or failure to lock will see rejections into the lower Goldturns for suport and bounce.
If it continues to fail breakout above, into the first Bullish target, then we are likely to see the full swing range tested on the rejections.
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 20 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
3358
EMA5 CROSS AND LOCK ABOVE 3358 WILL OPEN THE FOLLOWING BULLISH TARGETS
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3416
EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
BEARISH TARGETS
3330 - DONE
EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET
3306 - DONE
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE
3283 - DONE
3254
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
