GOLD ROUTE MAP UPDATEHey everyone,
Another PIPTASTIC day on the charts today with our chart idea playing out as analysed.
The retracement range continued to provide support once again, allowing us to buy dips, inline with our plans.
We’re now range-bound between 3354 and 3377.
As long as 3354 holds, we can expect continued bounces, tracking the movement upward.
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
