GOLD 1H CHART ROUTE MAP UPDATE

15 lip

Hey Everyone,

Great start to the week with our chart idea playing out, as analysed.

We had price play between both weighted levels like we stated yesterday with 2401 Goldturn test with no cross and lock confirming the rejection bounce into 2414. This then followed with ema5 cross and lock above 2414 Goldturn opening 2426 and 2440.

- This played out perfectly, with all levels in this range now complete, with just a point shy of 2440, which can be considered filled.

We are now looking for a 2440 full retest and need ema5 to lock above 2440 to confirm the range above. Failure to lock above 2440 Goldturn, will follow with a rejection into the next Goldturn weighted support.

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.

BULISH TARGET
2414 - DONE

EMA5 CROSS AND LOCK ABOVE 2414 WILL OPEN THE FOLLOWING BULLISH TARGETT
2426 - DONE
2440 - JUST ABOUT DONE

EMA5 CROSS AND LOCK ABOVE 2440 WILL OPEN THE FOLLOWING BULLISH TARGETT
2449
2460

BEARISH TARGETS
2401 - DONE

EMA5 CROSS AND LOCK BELOW 2401 WILL OPEN THE FOLLOWING BEARISH TARGETS

BEARISH TARGETS
2388
2372
2359

EMA5 CROSS AND LOCK BELOW 2359 WILL OPEN THE SWING RANGE

SWING RANGE
2344 - 2331

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