GOLD ROUTE MAP & TRADING PLAN UPDATE

Hey Everyone,

Another great day for us with our route map playing out level to level. We got the full retracement test today at 1978, as suggested yesterday. We also stated that if ema5 fails to lock below 1978, we will see a rejection here. This played out to perfection with the rejection and weighted level bounce straight to the next level at 1989 - BOOOOM!!

We will now see price play between 1989 and 1978 and looking for ema5 cross on either level to confirm the next level.

We would need to see 1978 break and lock to open the swing range or a failure to lock below 1978 and we are likely to see another bounce and tennis between the weighted structures.

Our levels and weighted structures are allowing us to truly track the movement level to 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 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
2005 - DONE
2018

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

EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE SWING RANGE

SWING RANGE
1950

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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