GOLD ROUTE MAP UPDATE

8 Okt

Hey Everyone,

Another great day on the chart today with our analysis playing out once again.

We got the Bullish target hit yesterday at 2655 and then no ema5 cross and lock above the level confirmed the rejection.

Today we got our Bearish target at 2633 hit, which also gave us the weighted level bounce inline with our plans to buy dips safely for 30 to 40 pips. Followed with a break below 2633 completing the retracement range at 2611 in true level to level fashion.

We will now look for support above here for e re-test at 2633 or a cross and lock below 2611 will open the swing 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
2655 - DONE

EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2674

BEARISH TARGETS
2633 - DONE

EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2611 - DONE

EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE

SWING RANGE
2586 - 2558

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