Goldviewfx

GoldViewFX - Gold ROUTE MAP UPDATE

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

As you can see from yesterday updated. The cross and lock below the retracement range opened the swing range for a challenge, which was tested perfectly.

Throughout the week we suggested these weighted levels like our algo generated swing range, will provide a reaction of 30 to 40 pip bounces. This played out perfectly giving a clean 40 pips plus, inline with our plans to buy dips.

We will now either wait for the full swing back up or a lock below the swing range will open the level below. We will track and trade this level to level with our strategy.

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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1945 - DONE

EMA5 CROSS AND LOCK ABOVE 1945 WILL OPEN THE FOLLOWING BULLISH TARGET
1954
1965

BEARISH TARGETS
1936 - DONE

EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE

SWING RANGE
1923 - 1914

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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