GOLD 1H CHART ROUTE MAP UPDATE

24 באוק׳

Hey Everyone,

Another great day on the chart today, as our updated from yesterday played out once again.

After completing our targets yesterday, we stated that we were seeing the rejection back into the weighted Goldturn level 2717, which will either provide support for another bounce up or a cross and lock below to confirm the lower range.

- No cross and lock below 2717, as a new Goldturn was created just above it, confirming the perfect rejection for the bounce into 2730. This followed with a new cross and lock above 2730 re-opening 2739 and 2747. 2739 was hit perfectly completing this target once again with 2747 left. Failure to complete the next target will see price retest the support below. As long as 2717 holds, we are likely to see the upper levels retested again.

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
2730 - DONE

EMA5 CROSS AND LOCK ABOVE 2730 WILL OPEN THE FOLLOWING BULLISH TARGET
2739 - DONE
2747 - DONE

BEARISH TARGETS
2717 - DONE

EMA5 CROSS AND LOCK BELOW 2719 WILL OPEN THE FOLLOWING BEARISH TARGET

BEARISH TARGET
2706

EMA5 CROSS AND LOCK BELOW 2706 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2692 - 2682

EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE SWING RANGE

SWING RANGE
2673 - 2661

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