GOLD ROUTE MAP UPDATE

3 207
Hey Everyone,

Once again our chart idea is playing out in true level to level fashion.

We started with our bearish gap hit at 3377, followed with ema5 cross and lock opening 3354, which was also hit perfectly.

We are now seeing price play in the retracement range with 3329 also open for test. We expect reaction on this retracement zone, also keeping in mind the Bullish gap above, inline with our plans to buy dips.

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
3403

EMA5 CROSS AND LOCK ABOVE 3403 WILL OPEN THE FOLLOWING BULLISH TARGETS
3422

EMA5 CROSS AND LOCK ABOVE 3422 WILL OPEN THE FOLLOWING BULLISH TARGET
3439

BEARISH TARGETS
3377 - DONE

EMA5 CROSS AND LOCK BELOW 3377 WILL OPEN THE FOLLOWING BEARISH TARGET
3354 - DONE

EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET
3329

EMA5 CROSS AND LOCK BELOW 3329 WILL OPEN THE SWING RANGE
3304
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.