Gold Route Map UPDATE for the week!

Hey Everyone,

Price is playing in a right range on the weighted support structure. We caught a 30 pip bounce on the weighted level with a gap still open to 1929.

We also had the retracement zone at 1917, which was HIT today. We will need to see 1917 cross and break with ema5 to open the lower range. Failure to cross and lock and we are likely to see the reaction on this level for a bounce.

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.

BULLISH TARGETS
1929

EMA5 CROSS AND LOCK ABOVE 1929 WILL OPEN THE FOLLOWING BULLISH TARGET
1935
1943

BEARISH TARGETS
1917 - DONE

EMA5 CROSS AND LOCK BELOW 1917 WILL OPEN THE FOLLOWING BEARISH TARGETS
1910
1905

EMA5 CROSS AND LOCK BELOW 1905 WILL OPEN THE SWING RANGE

SWING RANGE
1897 - 1889

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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