GOLD ROUTE MAP UPDATE

Dec 4

Hey Everyone,

Once again our chart idea delivered the goods with our weighted retracement level providing support and bounce like we highlighted.

We were once again able to buy dips inline with our plans with the movement from 2631 to 2647. However, now we have ema5 cross and lock above 2647 opening the range above.

We have been in a similar play range all week with both ranges below and above now left open. This is typical of ranging market conditions and as always our strategy to buy dips from our weighted levels allows us to navigate the traps and secure the pips.

Our lower weighted levels are in place for bounces inline with our plans, should we see a failure to fill the gap above and see a drop below.

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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGET
2668

EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET
2696

EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET
2713

EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET
2733

BEARISH TARGETS
2647 - DONE

EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET
2631 - DONE

EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE

SWING RANGE
2609 - 2592

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