Goldviewfx

GoldViewFX - Gold Route Map UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Another piptastic day of buying dips from our weighted level.

As stated yesterday, a break below the swing range will open the lower structure and that each weighted structure will give us a 30 to 40 pip bounce or a test to the next Goldturn. This played out perfectly

We saw price test the weighted support at 1901 for the perfect bounce, which we captured inline with our plans to buy dips.

Price and ema5 is now sitting between 1906 and 1910. We will now look for a cross and lock on either of these Goldturns to confirm movement to the next level.

We will continue to track and trade this level to level using our cross and lock strategy on the weighted levels.

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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1921 - DONE

EMA5 CROSS AND LOCK ABOVE 1921 WILL OPEN THE FOLLOWING BULLISH TARGET
1923 - DONE
1927 - DONE

BEARISH TARGETS
1915 - DONE
1915 - DONE

EMA5 CROSS AND LOCK BELOW 1915 WILL OPEN THE SWING RANGE

SWING RANGE
1906 - DONE

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
XAUUSD TOP AUTHOR

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