GOLD ROUTE MAP UPDATE

Hey Everyone,

Another PIPTASTIC day on the charts today with our chart idea playing, out as analysed.

After completing our Bullish target yesterday at 2905, we stated that we were now looking for ema5 to lock above 2905 for a continuation to the range above.

- We got the lock above 2905, which opened 2934. This gave a nice push up of over 200 pips with plenty of time to get in for the action. The gap still remains open.

We will continue to look for ema5 lock above or below each of the levels to determine the next range. Lock failures will also confirm rejection in which case lower Goldlturns will be used for support and 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 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 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.

BULLISH TARGET
2905 - DONE

EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET
2934

EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET
2959

EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2987

BEARISH TARGETS
2872

EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET
2841

EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE

SWING RANGE
2807 - 2781

EMA5 CROSS AND LOCK BELOW 2781 WILL OPEN THE SECONDARY SWING RANGE

SECONDARY SWING RANGE
2764 - 2740

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