GOLD ROUTE MAP UPDATE

3天前

Hey Everyone,

Another PIPTASTIC day on the charts today with our analysis playing out to perfection!!

Yesterday after bouncing off the retracement range we stated that 2611 was a weighted level and as long as we see no lock below 2611, we should see a continuation of the bounce into completing the Bullish gap at 2661

- This played out perfectly with our bullish target 2661 being hit today completing this range. Lovely catch from yesterdays update.

No lock above 2661 confirmed the rejection. We will see play between 2661 and 2633, until one of the weighted levels break and lock to confirm 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 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
2661 - DONE

EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2681

EMA5 CROSS AND LOCK ABOVE 2681 WILL OPEN THE FOLLOWING BULLISH TARGET
2711

BEARISH TARGETS
2633 - DONE

EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE FOLLOWING BEARISH TARGET
2611

EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE FOLLOWING BEARISH TARGET
2593

EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE

SWING RANGE
2570 - 2551

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