GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed.
We started with our first bullish target at 2950 complete. We will now need to see ema5 cross and lock above 20=950 to open the range above. Failure to lock above will see price reject for a test on the lower Goldturn at 2927 to complete the bearish gap.
We will see levels tested side by side until we see either weighted level 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.
BULLISH TARGET
2950 - DONE
EMA5 CROSS AND LOCK ABOVE 2950 WILL OPEN THE FOLLOWING BULLISH TARGET
2969
EMA5 CROSS AND LOCK ABOVE 2969 WILL OPEN THE FOLLOWING BULLISH TARGET
2986
EMA5 CROSS AND LOCK ABOVE 2986 WILL OPEN THE FOLLOWING BULLISH TARGET
3006
BEARISH TARGETS
2927
EMA5 CROSS AND LOCK BELOW 2927 WILL OPEN THE FOLLOWING BEARISH TARGET
2903
EMA5 CROSS AND LOCK BELOW 2903 WILL OPEN THE SWING RANGE
SWING RANGE
2884 - 2861
EMA5 CROSS AND LOCK BELOW 2861 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2841 - 2820
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
