Gold Route Map UPDATE & FOMC

11. Okt. 2023

Hey Everyone,

Once again the power of our weighted Goldturn break and lock confirmed entry to exit with a precision HIT at 1876!! - BOOOOM

We were looking for a ema5 cross and lock above 1854 to open the range above. We got the cross and lock confirmation followed with both 1864 and 1876 completed before FOMC. 1864 cross further solidified the target today.

We are now seeing price test resistance with potential to test 1888 and 1901 with FOMC momentum. However, if this weighted resistance fails to close above 1876 with the outcome of FOMC, then we can expect a rejection here on this level to go down to test the weighted support level for bounces.

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

EMA5 CROSS AND LOCK ABOVE 1831 WILL OPEN THE FOLLOWING BULLISH TARGET

1843 - DONE
1847 - DONE
POTENTIALLY 1854 - DONE

EMA5 CROSS AND LOCK ABOVE 1854 WILL OPEN THE FOLLOWING BULLISH TARGET
1864 - DONE
1876 - DONE

BEARISH TARGETS
1817
1809

EMA5 CROSS AND LOCK BELOW 1809 WILL OPEN THE SWING RANGE

SWING RANGE
1785 - 1777

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!

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