GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Just pure perfection on the level to level tracking!!!
Yesterday after completing 2361 and rejection we confirmed price was heading towards the 2322 weighted level and also stated that, as long as ema5 remains above 2322, we can use our smaller time-frames and intraday levels to buy dips from this range.
- This played out perfectly for the 2322 touch and then the reaction for the buys inline with our plans to buy dips.
Price will play between both weighted levels until we see ema5 lock above or below either level to open 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 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2361 - DONE
EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET
2385
EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET
2416
BEARISH TARGETS
2322 - DONE
EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET
2290
EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE
SWING RANGE
2274 - 2246
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
