GOLD 1H CHART ROUTE MAP UPDATE

9 wrzHey Everyone,

Great start to the week with our chart idea playing out inline with our plans to buy dips.

We were seeing price between two weighted levels and had 2506 Goldturn resistance target and 2495, as Goldturn support target.

2495 support target was hit and now we are seeing price bounce off the retracement range to head towards 2506 bullish target.

We need to keep note that ema5 has locked and left a gap below at 2482 and just fell short of completing this gap.

We will continue with our plans to buy dips and keep note of any unfilled gaps below, which helps us plan to buy dips accordingly.

However, as always each of our weighted levels gave the 30 to 40 pip bounces, as analysed and played out perfectly!

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
2506

EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET
2523

EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET
2535
POTENTIALLY 2547

BEARISH TARGETS
2495 - DONE

EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2482

EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE

SWING RANGE
2472 - 2461

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