GOLD ROUTE MAP UPDATE

Hey Everyone,

Once again our chart idea is playing out in true level to level fashion, although our entry today was too early and therefore we will look to manage from dips.

We did get our Bullish target 2691 followed with no lock confirming the rejection into our bearish target 2679. This followed with ema5 cross and lock opening the retracement range, which we are seeing price play in currently.

Once again all our weighted levels gave 30 to 40 pip bounces inline with our plans and analysis.

We are looking for a reaction from this retracement range, unless we see a cross and lock below 2654, which will open the swing range for a bigger bounce.

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
2691 - DONE

EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET
2706
POTENTIALLY 2719

EMA5 CROSS AND LOCK ABOVE 2719 WILL OPEN THE FOLLOWING BULLISH TARGET
2736

BEARISH TARGETS
2679 - DONE

EMA5 CROSS AND LOCK BELOW 2679 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2668 (DONE) - 2654

EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE SWING RANGE

SWING RANGE
2640 - 2624

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