GOLD 1H CHART ROUTE MAP UPDATE

Hey Everyone,

Great start to the week with our analysis playing out once again in true level to level fashion.

We got our Bearish target at 2696 hit with no cross and lock below this level and therefore confirming the rejection for the bounce. We now have 2717 gap left above and will need to see ema5 cross and lock on either weighted level to determine the next range.

We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.

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 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
2717

EMA5 CROSS AND LOCK ABOVE 2717 WILL OPEN THE FOLLOWING BULLISH TARGET
2737

EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET
2753

EMA5 CROSS AND LOCK ABOVE 2753 WILL OPEN THE FOLLOWING BULLISH TARGET
2768

EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET
2786

BEARISH TARGETS
2696 - DONE

EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE FOLLOWING BEARISH TARGET
2675

EMA5 CROSS AND LOCK BELOW 2675 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2661 - 2647

EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE SWING RANGE

SWING RANGE
2632 - 2618

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