Goldviewfx

GOLD ROUTE MAP & TRADING PLAN UPDATE

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

Fantastic start to the week and month with our chart idea hitting all targets in the first day completing our setup - BOOOOM!!!

2078 - DONE
2091 - DONE
2104 - DONE

We got the ATH break, as analysed into 2148 before price came crashing down. We completed our targets and therefore waited patiently for price to come back into the range. We saw price hit the retracement level first, which gave the 40 pip bounce, as per our weighted level bounce.

This followed with ema5 cross and break of the retracement level opening the swing range. Price is now supporting just above the swing range and may bounce from here for another run but we need to be cautious, as the full swing range has not been tested yet.

Price is now back in the range and therefore we are able to continue to track and trade this level to level allowing 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.

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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