GOLD 4H CHART ROUTE MAP UPDATE

Hey Everyone,

A piptastic day on the charts today kicking off the new month with blues.

Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries.

We then stated that we will now wait for this area to support and head for the range above or a further cross and lock below the retracement range will open the swing range.
- This played out perfectly, as ema5 failed to cross below the retracement range; although price broke below the retracement range, ema5 did not, confirming the rejection for the perfect bounce into 2327 with a clean catch of over 100 pips.


We will now look for a break above 2327 to confirm the range above or failure to lock above will follow with a retest back to the retracement range.

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
2354

EMA5 CROSS AND LOCK ABOVE 2354 WILL OPEN THE FOLLOWING BULLISH TARGETS
2386

EMA5 CROSS AND LOCK ABOVE 2386 WILL OPEN THE FOLLOWING BULLISH TARGET
2410
2429

BEARISH TARGETS
2327 - DONE

EMA5 CROSS AND LOCK BELOW 2327 WILL OPEN THE RETRACEMENT RANGE
2313 - DONE
2294 - DONE

EMA5 CROSS AND LOCK BELOW 2294 WILL OPEN THE SWING RANGE

SWING RANGE
2274 - 2245

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