GOLD ROUTE MAP UPDATE

4 713
Hey Everyone,

Another super day on the charts today with our analysis playing out in true level to level fashion.

After completing all bullish targets last two days, 2872, 2901 and 2921, we stated that will now look for a further cross and lock above 2921 to confirm a continuation or a failure to lock above will follow with a rejection to test lower Goldlturns for support and bounce.

- We got the rejection and then the support test at lower Goldturn 2901 for the perfect bounce back up into 2921, inline with our plans to buy dips. Once again we will now wait for ema5 to lock for a continuation or a rejection back into lower Goldturns.

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
2872 - DONE

EMA5 CROSS AND LOCK ABOVE 2872 WILL OPEN THE FOLLOWING BULLISH TARGET
2901 - DONE

EMA5 CROSS AND LOCK ABOVE 2901 WILL OPEN THE FOLLOWING BULLISH TARGET
2921 - DONE

EMA5 CROSS AND LOCK ABOVE 2921 WILL OPEN THE FOLLOWING BULLISH TARGET
2950

BEARISH TARGETS
2846

EMA5 CROSS AND LOCK BELOW 2846 WILL OPEN THE FOLLOWING BEARISH TARGET
2820

EMA5 CROSS AND LOCK BELOW 2820 WILL OPEN THE FOLLOWING BEARISH TARGET
2796

EMA5 CROSS AND LOCK BELOW 2796 WILL OPEN THE SWING RANGE

SWING RANGE
2778 - 2753

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

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