Goldviewfx

GOLD ROUTE MAP & TRADING PLAN UPDATE

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Everyone,

Quick update on our route map for today.

As stated yesterday, that we were likely to see a bounce between the range until the next weighted level breaks and locks allowing us to track and trade the movement level to level.

- This played out, as we saw price bounce between 2033 and 2046. We are seeing ema5 maintaining the range within and failing to cross either level.

We will now be waiting patiently to confirm the next break and then continue to track the movement down and catch the bounces up.

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 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
2033 - DONE

EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2046 - DONE

BEARISH TARGETS
2018

EMA5 CROSS AND LOCK BELOW 2018 WILL OPEN THE RETRACEMENT RANGE
2002

SWING RANGE
1990 - 1977

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
XAUUSD TOP AUTHOR

🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 www.t.me/GoldView_FX

MESSAGE US FOR VIP SIGNALS🏆 www.t.me/GoldviewFX

🪙 PARTNER BROKER LINK 🪙

Vantage Account: www.vantagemarkets.com/forex-trading/forex-trading-account/?affid=5258
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.