Gold Route Map UPDATE

Hey Everyone,

Following on from the update yesterday on this chart; We got another push up into the weighted resistance level and as stated yesterday, if we see ema5 cross and lock above 1969, we are likely see the upper range open and a failure to cross above 1969 will follow with a rejection.

We are now seeing the rejection as EMA5 failed to cross above 1969. We were able to use this weighted level of resentence zone to take our TPs on our buys from dips for the perfect exits.

1957 and 1946 are levels of support that may provide the bounce for another retest above for scalps or failing that, 1930 for the weighted level of support 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 the 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
1946 - DONE

EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN THE FOLLOWING BULLISH TARGET
1957 - DONE
1969 - DONE

BEARISH TARGET
1930 - DONE

EMA5 CROSS AND LOCK BELOW 1930 WILL OPEN THE SWING RANGE

SWING RANGE
1906 - 1888

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!

GoldViewFX
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