GOLD ROUTE MAP & TRADING PLAN - UPDATE

11. Dez. 2023

Hey Everyone,

The bearish continuation from Friday followed through today with price heading straight into the highlighted retracement range. This weighted level gave the 40 pip bounce as suggested. Even against the trend our levels provide the bounce from the weighted levels, allowing us to track and trade the movement with or against the trend.

Ema5 broke the retracement range opening the swing range, which is also playing out, testing the first level of the swing range at 1978. We expect a reaction on this zone at each level, 1978 - 1965. - Once again 1978 weighted level also followed with a 40 pip bounce.

We will continue to track and trade this level to level using ema5 to direct us. Our updated levels and weighted levels will allow us to track the movement down and then catch the 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
2012

EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034

BEARISH TARGETS
1990 - DONE

EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE

SWING RANGE
1978 -1965

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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