GOLD ROUTE MAP UPDATE

5 hari lalu

Hey Everyone,

Please see update on our 1h chart route map still playing out, as analysed

After competing our Bullish target earlier this week followed with the Bearish target, we stated yesterday that no ema5 cross and lock above 2950 confirmed the rejection above and into our bearish target 2927, and if we see a ema5 cross and lock below 2927 then the swing range will open, failure to lock below 2927 will confirm the bounce.

- No lock below 2927 confirmed the rejection at support for the weighted level bounce, as analysed and therefore no 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
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 - DONE

EMA5 CROSS AND LOCK BELOW 2927 WILL OPEN THE FOLLOWING BEARISH TARGET
2903 - DONE

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

4 hari lalu

Dagangan aktif

Typo correction. No lock below 2903, NOT 2927