GOLD ROUTE MAP & TRADING PLAN UPDATE

Hey Everyone,

We got the 1978 retracement test yesterday and suggested either a bounce from this level or a break and lock with ema5 will open the swing range.

We got the break and lock below 1978, which confirmed the opening of the swing range. This played out perfectly with the swing range being tested today. We got our bounce for 50 pips from the swing range. There is still room for the full test at 1952 but the zone between 1952 and 1965 is a reactional zone for us to expect bounces and a potential challenge to 1978.

A break below 1952 will open the lower range into 1935. A failure to lock below 1952 and we should see another push 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 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
2003

EMA5 CROSS AND LOCK ABOVE 2003 WILL OPEN THE FOLLOWING BULLISH TARGET
2018
2032

EMA5 CROSS AND LOCK ABOVE 2032 WILL OPEN 2047 AND 2066

BEARISH TARGETS (RETRACEMENT RANGE)
1989 - DONE
1978 - DONE

EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE

SWING RANGE
1965 -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
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