GOLD ROUTE MAP UPDATE

8 de jul. de 2024

Hey Everyone,

Great start to the week with our 1H chart tracking, as analysed.

As stated yesterday we are seeing price test 2390 Goldturn and will need to see ema5 lock above to open the levels above or a failure to lock will follow with a rejection.

- No lock confirmed the rejection into the 2378 weighted level, followed with a cross and lock below 2378 opening the retracement range. This was hit perfectly with price now in the retracement range, which is giving the calibrated 40 pips bounce, as analysed and shared part of our plans.

We will now need ema5 to lock below this level to open the swing range or a failure to lock below will see a re-test on the Goldturns above.

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.

EMA5 CROSS AND LOCK ABOVE 2390 WILL OPEN THE FOLLOWING BULLISH TARGET
2403

EMA5 CROSS AND LOCK ABOVE 2403 WILL OPEN THE FOLLOWING BULLISH TARGET
2414
2425

BEARISH TARGETS
2378 - DONE

EMA5 CROSS AND LOCK BELOW 2378 WILL OPEN THE FOLLOWING BEARISH TARGETS

BEARISH TARGETS
2364 - DONE
2355 - DONE

EMA5 CROSS AND LOCK BELOW 2355 WILL OPEN THE SWING RANGE

SWING RANGE
2333 - 2322

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