GOLD 1H CHART ROUTE MAP UPDATE

24 Jul

Hey Everyone,

Another great day on the charts today with our chart idea playing out, as analysed.

Yesterday we had ema5 and candle body close above 2400 opening 2421, as a gap target. This target was hit today, completing this range. We are now seeing ema5 cross above 2421 to open the gap to 2438 and just need the lock to confirm.

We also have 2380, as the weighted support area for the range below and will need to keep this in mind, when we see rejections above.

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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2400 - DONE
2421 - DONE

EMA5 CROSS AND LOCK ABOVE 2421 WILL OPEN THE FOLLOWING BULLISH TARGET
2438

EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET
2458

BEARISH TARGETS
2380

EMA5 CROSS AND LOCK BELOW 2380 WILL OPEN THE FOLLOWING BEARISH TARGET
2359

EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE

SWING RANGE
2331 - 2317

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