OANDA:XAUUSD   الذهب / دولار أمريكي
Hey Everyone,

Our chart route map for the week is playing out in true level to level fashion. Price ranged between 1942 and 1932 weighted level until ema5 confirmed breakout in either direction.

1942 failed to cross and lock, which followed with the rejection into 1932. EMA5 crossed and locked below 1932, opening the swing range, as already highlighted on the chart. This played out perfectly with the move into the swing range.

The first level of the swing range at 1926 gave a perfect bounce, as expected for 30 to 40 pips.
This is true level to level tracking of the price and buying dips strategically from these levels is playing out perfectly.

We will now patiently wait for either the swing range to be broken with ema5 to open the range below or a test to the full swing range for a bounce.

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

BULLISH TARGETS
1942 - DONE

EMA5 CROSS AND LOCK ABOVE 1946 WILL OPEN THE FOLLOWING BULLISH TARGETS
1951 -
1959 -

BEARISH TARGETS
1937 - DONE
1932 - DONE

EMA5 CROSS AND LOCK BELOW 1932 WILL OPEN THE SWING RANGE

SWING RANGE
1926 - 1916

1926 - DONE
1916

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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