GOLD ROUTE MAP UPDATE

26 cze

Hey Everyone,

Another great day on the chart with our level to level tracking and trading out as analysed.

Yesterday we advised that we were playing in an extended range with a gap above at 2339 and the retracement gap below at 2312.

We got the retracement level hit at 2312 followed with a cross and lock below opening the swing range.

- The swing range was hit perfectly and did exactly what it says on the tin by giving the swing bounce perfectly into the next Goldturn allowing us to strategically buy dips from the weighted levels.

We will now look for ema5 to cross and lock above 2302 to complete movement into 2312. Failure to lock above this level will see swing range tested again. A break below the swing range will open the range below into 2285.

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
2323 - DONE
2330 - DONE

EMA5 CROSS AND LOCK ABOVE 2330 WILL OPEN THE FOLLOWING BULLISH TARGET
2339
POTENTIALLY 2349

BEARISH TARGETS
2312 - DONE
EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE

SWING RANGE
2302 - 2294 - DONE

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