GOLD ROUTE MAP UPDATE

26. Aug.

Hey Everyone,

Great start to the week with our chart idea playing out inline with our plans to buy dips.

We got our 2513 gap target hit, which followed with a ema5 cross and lock above 2513 opening 2525 and if momentum allowed then potential to 2535.

We got the perfect hit at 2525 and a candle body close now leaves a gap to 2535 but ema5 lock will further confirm this.

Failure to cross and lock above 2525 will follow with a rejection into the weighted Goldturn support levels, otherwise re- attempts will be made to complete the range into 2535..

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
2513 - DONE

EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET
2525 - DONE
2535

BEARISH TARGETS
2500

EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2484

EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE

SWING RANGE
2472 - 2461

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