GOLD 4H CHART ROUTE MAP UPDATE

2 Okt

Hey Everyone,

Another great day on the chart today with our 4H chart playing out, as analysed.

We had price play between two weighted levels. 2669 Goldturn resistance and 2650, as Goldturn support and both highlighted, as targets.

- Both targets have been completed. We were able to take advantage of the drop and buy inline with our plans to buy dips and complete the bullish target. We need to also keep in mind the retracement range was not fully completed and a gap left open.

We are seeing price test 2650 for support and if this holds; we are likely to see another 2669 test. However, we will need to see ema5 lock above 2669 or we are likely to see another drop to complete the full retracement 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
2669 - DONE

EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET
2695

EMA5 CROSS AND LOCK ABOVE 2695 WILL OPEN THE FOLLOWING BULLISH TARGET
2717
POTENTIALLY 2738

BEARISH TARGETS
2650 - DONE

EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2615

EMA5 CROSS AND LOCK BELOW 2615 WILL OPEN THE SWING RANGE

SWING RANGE
2582 - 2556

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