GOLD 1H CHART ROUTE MAP UPDATE

Hey everyone,

It’s been another piptastic day in the markets with our 1H chart setup playing out beautifully.

We began with our bullish target at 3236, which was successfully hit. This was followed by EMA5 cross and lock that opened 3278, also reached perfectly. The entire range played out smoothly, giving ample time after confirmation for entries.

Looking ahead, we’ll be watching for an EMA5 cross and lock above 3278, which could open the path to 3308. A further lock above 3308 would open the potential for extended upside.

However, if price fails to lock above these key levels, we may see a retest of lower Goldturns for a potential 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 then catch bounces up.

We will continue to buy dips using our support levels taking 20 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.

The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.

BULLISH TARGET
3236 - DONE

EMA5 CROSS AND LOCK ABOVE 3236 WILL OPEN THE FOLLOWING BULLISH TARGETS
3278 - DONE

EMA5 CROSS AND LOCK ABOVE 3278 WILL OPEN THE FOLLOWING BULLISH TARGET
3308

EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3343

EMA5 CROSS AND LOCK ABOVE 3343 WILL OPEN THE FOLLOWING BULLISH TARGETS
3373

EMA5 CROSS AND LOCK ABOVE 3373 WILL OPEN THE FOLLOWING BULLISH TARGETS
3418

BEARISH TARGETS
3184

EMA5 CROSS AND LOCK BELOW 3184 WILL OPEN THE FOLLOWING BEARISH TARGET
3146

EMA5 CROSS AND LOCK BELOW 3146 WILL OPEN THE SWING RANGE
3103
3069

EMA5 CROSS AND LOCK BELOW 3069 WILL OPEN THE SECONDARY SWING RANGE
3030
2981

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