GOLD ROUTE MAP UPDATE

16 jam lalu

Hey Everyone,

A Piptastic day on the charts today once again hitting our targets and playing out, as analysed.

After completing our targets this week yesterday we stated that we had a cross and lock above 2622 opening 2649 and as long as 2622 holds and we don't see a cross and lock below 2622, 2649 will remain open.

- This played out perfectly, as 2622 held without ema5 crossing and gave the support for our Bullish target at 2649 to be hit, completing this target!!

We will now look for ema5 to cross and lock above 2649 to open the range above or failure to lock above will see price test the lower Goldturns for support.

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 and knowing we have gaps above, allows us to safely buy from dips.

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
2574 - DONE

EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET
2599 - DONE

EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET
2622 - DONE

EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET
2649 - DONE

EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET
2678

BEARISH TARGETS
2551

EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET
2525

EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE

SWING RANGE
2506 - 2484

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