GOLD 1H CHART ROUTE MAP UPDATE

4 de set. de 2024

Hey Everyone,

Another great day on the charts today with our analysis playing out, as planned.

Yesterday after completing the retracement range target at 2484 we stated a break below this level would open the swing range. This was open and hit perfectly today completing the first swing target at 2472. The swing range did exactly what it says on the tin by providing the extended bounce swing from 2472 into 2484 completing the swing.

We will now look for a 2498 weighted resistance re-test and a cross and lock above this level will re-open the range above. Failure to test and lock above this level will follow with another 2484 weighted support test and a further cross and lock below 2484 will this time open the full swing range for the extended swing bounce.

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

BULLISH TARGET
2509

EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2524
2535

BEARISH TARGETS
2498 - DONE

EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
2484 - DONE

EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE

SWING RANGE
2472 (DONE) - 2461

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX