GOLD ROUTE MAP UPDATE

3 145
Hey Everyone,

A PIPTASTIC day on the markets with our chart idea playing out perfectly!!!

Yesterdays update, we stated how we hit our Bullish target, followed with no cross and lock confirming the rejection. We then stated, how we tracked the movement down with ema5 lock confirmation into the swing range and ended with waiting for the full swing to complete into 3393.

🔄 Update:
Today we got the move into 3393 just like we analysed. We continued to see play between 3372 and 3393, giving multiple opportunities to catch bounces from the dip. We will now look for ema5 to cross and lock 3372 or 3393 to confirm direction.

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 20 to 40 pips. As stated before, each of our level structures gives 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 ranges give bigger bounces than our weighted levels - that's the difference between the two.

BULLISH TARGET
3440 - DONE

EMA5 CROSS AND LOCK ABOVE 3340 WILL OPEN THE FOLLOWING BULLISH TARGETS
3463

EMA5 CROSS AND LOCK ABOVE 3463 WILL OPEN THE FOLLOWING BULLISH TARGET
3483

EMA5 CROSS AND LOCK ABOVE 3483 WILL OPEN THE FOLLOWING BULLISH TARGET
3508

BEARISH TARGETS
3418 -DONE

EMA5 CROSS AND LOCK BELOW 3418 WILL OPEN THE FOLLOWING BEARISH TARGET
3393 - DONE

EMA5 CROSS AND LOCK BELOW 3393 WILL OPEN THE SWING RANGE
3372 - DONE
3353

EMA5 CROSS AND LOCK BELOW 3353 WILL OPEN THE SECONDARY SWING RANGE
3330
3306

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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