GOLD 1H CHART ROUTE MAP UPDATE

Hey Everyone,

We started the week high lighting two weighted levels 2408 and 2371 and was looking for either one to lock with ema5 to open the next range. 2393 resistance held on market open with no ema5 challenge on 2408. The rejection followed with the weighted Goldturn 2371 test our bearish target.

EMA5 cross and lock below 2371 opened the retracement range 2355 and 2333.
- Both levels were hit.

We are now looking for a lock below 2333 to open the swing range levels below, which will allow us to buy dips on bounces on the Goldturns. Failure to lock below the retracement range will follow with a bounce.

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
2393
2408

EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2422
2440
AND POTENTIALLY 2454

BEARISH TARGETS
2371 - DONE

EMA5 CROSS AND LOCK BELOW 2371 WILL OPEN THE RETRACEMENT RANGE
2355 - DONE
2333 - DONE

EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE SWING RANGE

SWING RANGE
2278- 2258

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