GOLD 1H CHART ROUTE MAP UPDATE

Hey Everyone,

A big move down on gold today from the rejection at 2429. Yesterday we stated we
were looking for ema5 to break either 2429 or 2413 level to open the next range.

Today we got the break below 2413 opening the full retracement range like we said and this played out perfectly hitting the retracement range.

We now also have a cross and lock below the retracement range opening the swing range. We are seeing the first level of the swing range tested now and expect support bounces here.

We took buys earlier before the break below and took an SL after a long a time and now will use the dips to manage back.

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
2429 - DONE

EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS
2442 - DONE
POTENTIALLY 2458

BEARISH TARGETS
2413 - DONE
2401 - DONE
2390 - DONE

EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE

SWING RANGE
2377 - 2355

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