GOLD ROUTE MAP UPDATE

2 664
Hey Everyone,

Another great day in the markets with our chart idea playing out exactly as planned, allowing us to buy the dips.

We’re seeing a repeat of yesterday's setup, the 3392 gap remains open after the EMA5 lock above 3370. We're getting drops into the lower Goldturn zones, giving us great opportunities to buy back in.

As long as we don’t get a confirmed lock below 3348, we continue to chase the open gap above at 3392.

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 20 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.

The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.

BULLISH TARGET
3370 - DONE

EMA5 CROSS AND LOCK ABOVE 3370 WILL OPEN THE FOLLOWING BULLISH TARGETS
3392

EMA5 CROSS AND LOCK ABOVE 3392 WILL OPEN THE FOLLOWING BULLISH TARGET
3416

EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET
3429

EMA5 CROSS AND LOCK ABOVE 3429 WILL OPEN THE FOLLOWING BULLISH TARGET
3439

BEARISH TARGETS
3348

EMA5 CROSS AND LOCK BELOW 3348 WILL OPEN THE FOLLOWING BEARISH TARGET
3328

EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET
3313

EMA5 CROSS AND LOCK BELOW 3313 WILL OPEN THE SWING RANGE
3296
3281

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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.