GOLD 1H CHART ROUTE MAP UPDATE

29 Okt

Hey Everyone,

Our 1H chart is idea playing out perfectly, as analysed!!

As advised yesterday we got the 2746 hit, followed with ema5 cross and lock above 2746 opening 2752 and 2762. Both targets were hit today completing this range range.

We will now look for ema5 lock above 2762 to open the range above or failure to lock will follow with a rejection into the lower Goldturn for support and bounce.

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 TARGETR
2746 - DONE

EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752 - DONE
2762 - DONE

BEARISH TARGETS
2736 - DONE

EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2728 (DONE) - 2720

EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE

SWING RANGE
2707 - 2692

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