Goldviewfx

GOLD 1H ROUTE MAP & TRADING PLAN UPDATE

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

Another great day on the chart today smashing our targets one after another.

Yesterday we advised of the ema5 cross and lock above 2016 opening 2021 and 2026. We got the 2021 HIT yesterday and 2026 was left open.
- 2026 was hit today completing this range Boooom!!!!

We now have a lock above 2026 leaving 2031 open with potentially 2037.
2026 and 2021 are now correctional retracement support zones that we will keep in mind.

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
2016 - DONE

EMA5 CROSS AND LOCK ABOVE 2016 WILL OPEN THE FOLLOWING BULLISH TARGET
2021 - DONE
2026 - DONE

EMA5 CROSS AND LOCK ABOVE 2026 WILL OPEN THE FOLLOWING BULLISH TARGET
2031
2037

BEARISH TARGETS
2010 - DONE
2004 - DONE

EMA5 CROSS AND LOCK BELOW 2004 WILL OPEN THE SWING RANGE

SWING RANGE
1996 - 1989

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!

Mr Gold

GoldViewFX

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