GOLD ROUTE MAP UPDATE

Hey Everyone,

Another great day on the chart today buying dips inline with our trading plan and route map.

Yesterday we hit our 2305 Bullish target and 2321 confirmed with ema5 lock, giving us plenty of time to get in for the action.

We also had ema5 lock above 2321 opening the next range upto 2346. However, it was a big gap and we also needed to consider the retracement range, which is still untested this week so far.

Today we remained Bullish from dips and having the gap above gave us the confidence to buy dips today. Please also see our 4H chart below, which also had our first bullish target hit, followed with the support it provided today for the 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 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
2305 - DONE

EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS
2321 - DONE

EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET
2346

BEARISH TARGETS
2285

EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE

SWING RANGE
2259 - 2240

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