GOLD 1H ROUTE MAP & TRADING PLAN UPDATE

Hey Everyone,

Fantastic start to the week!!

We got the Bullish target at 2040 weighted level on market open. Ema5 failed to cross above 2040 confirming the rejection into the retracement range.

Ema5 crossed and locked below the retracement range opening the swing range, which was also hit perfectly followed with the perfect swing, as highlighted on the chart with the identified swing range doing exactly what it says on the tin.

Our calculated algo generated weighted levels and swing range have always proven effective and always giving us the bounce and the swing with perfection. Just look at the perfect swing from 2015!!!

This is the true level to level tracking and trading, as our setups give plenty of time to identify the opening of gaps to take action.

We are now heading towards 2030 for the full swing to complete although we have achieved more than the 40 pip bounce always suggested form weighted levels.

We will need to see a 2030 Goldturn test and a cross and lock to open the range above or rejection here will see movement back down to re-test the swing range and second retests usually completes the full lower swing range level.

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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2040 - DONE

EMA5 CROSS AND LOCK ABOVE 2040 WILL OPEN THE FOLLOWING BULLISH TARGET (NO CROSS AND LOCK)
2048
2055

BEARISH TARGETS
2030 - DONE

EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE

SWING RANGE
2015 -DONE
2007

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

Mr Gold