GOLD ROUTE MAP UPDATE

7 Okt

Hey Everyone,

Great start to the week with our chart idea playing out as analysed.

We got the Bullish target hit at 2655 and then no ema5 cross and lock above the level confirming the rejection. You can see the ema5 turning just before the level to perfection confirming the rejection foe the move down.

We are looking for support above 2633 to confirm rejection for another re-test above at 2655 or a cross and lock below 2633 will open the range below.

We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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

EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2611

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