Goldviewfx

GOLD 1H CHART ROUTE MAP UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Please see our updated 1H chart we have been tracking since Sunday with only the retracement range Goldturn updated with current data.

Our chart idea has played out perfectly inline with our plans to buy dips with the move up from the retracement range all the way into hitting all our Bullish targets we highlighted on Sunday.

2408 is our final potential target but not one to chase all the way that's why we always state the extended target as potential. However a retest on the 2393 Goldturn with a cross and lock will solidify this target.

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
2365 - DONE
2379 - DONE

EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS
2393 - DONE
POTENTIALLY 2408

BEARISH TARGETS
2346 - DONE
2337 - DONE

EMA5 CROSS AND LOCK BELOW 2337 WILL OPEN THE SWING RANGE

SWING RANGE
2321 - 2305

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

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