Goldviewfx

GOLD ROUTE MAP & TRADING PLAN UPDATE

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

Piptastic start to the week for us with our chart idea playing out from the get go.

Yesterday we advised of our immediate Bullish target of 2010 and that a cross of ema5 above 2010 will open the upper range. The first part of this plan was completed today with our 2010 target hit with a bonus hit at 2018 clearing both targets.

We now have 2032 open from the weighted level break at 2010, although 2018 is acting as resistance. A candle body close above 2018 or a cross and lock of ema5 above 2018 will solidify confirmation for this target at 2032.

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 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
2010 - DONE

EMA5 CROSS AND LOCK ABOVE 2010 WILL OPEN THE FOLLOWING BULLISH TARGET
2018 - DONE
2032

BEARISH TARGETS
1989
1978

EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE

SWING RANGE
1952

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

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