GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATE

10 Nis

Hey Everyone,

Yesterday we hit the 2364 target completing this chart idea.

This followed with the rejection into 2338 and 2324, as no further lock above 2364, which is a good area of weighted support providing plenty of bounces inline with our plans to buy dips.

If this level holds we are likely see another attempt at the levels above for a test should 2324 now hold, or a break below 2324 will open the retracement range.

As stated yesterday failure to lock below 2338 and 2324 will establish support above this range for another retest at the ATH.

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.

BULLISH TARGETS
2338 - DONE

EMA5 CROSS AND LOCK ABOVE 2338 WILL OPEN THE FOLLOWING BULLISH TARGETS
2353 - DONE
2364 - DONE

BEARISH TARGETS
2324 - DONE
2299

EMA5 CROSS AND LOCK BELOW 2299 WILL OPEN THE FOLLOWING BEARISH TARGET
2278

EMA5 CROSS AND LOCK BELOW 2278 WILL OPEN THE SWING RANGE

SWING RANGE
2258 - 2240

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!

Mr Gold
GoldViewFX