GOLD ROUTE MAP & TRADING PLAN UPDATE

Hey Everyone,

Our 1 chart idea is respecting the range and levels. we are seeing price play between the weighted structures bouncing between support and resistance.

We got another test to 2005, which we took from dips into the first part of the retracement at 1989. 2005 is a weighted level and as stated on the chart we would need to see ema5 cross and lock above 2005 to open the range above and a failure to cross will follow with a rejection, which we are seeing now.

The full retracement is at 1978 and still open for a test. We would need to see 1978 break and lock to open the swing range or a failure to lock below 1978 and we are likely to see another bounce and tennis between the weighted structures.

Our levels and weighted structures are allowing us to truly track the movement level to level.

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 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.

BULLISH TARGETS
2005 - DONE
2018

EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN THE FOLLOWING BULLISH TARGET
2018
2032

EMA5 CROSS AND LOCK ABOVE 2032 WILL OPEN 2047 AND 2066

BEARISH TARGETS (RETRACEMENT RANGE)
1989 - DONE
1978

EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE

SWING RANGE
1950

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
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