GoldViewFX - Gold Route Map UPDATE

Hey Everyone,

Once again you can see our chart idea is playing out in true level to level fashion.

Yesterday we hit all our Bullish targets and identified the rejection. We then expected the test below at the retracement range and was looking for a break below the weighted level or a bounce off the weighted level.

We stated a cross and lock below the weighted level will open the range below or a rejection for another push up. We got the break and lock below the weighted level and so the range below opened up as per the chart.

Once again we saw our swing range zone in action. We saw price fall into the swing range zone. Just short of the full test but still in the zone and then followed with the swing for the 30 to 40 pip bounce inline with our plans to buy dips.

Those who have followed us for over a year, know very well we are able to trade with or against the trend using these levels for the bounce or the breakout.

We will now wait for either a retest to the full swing range and look for either a cross and lock to open the range below or a rejection for a push 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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.

BULLISH TARGETS
1921 - DONE

EMA5 CROSS AND LOCK ABOVE 1921 WILL OPEN THE FOLLOWING BULLISH TARGET
1923 - DONE
1927 - DONE

BEARISH TARGETS
1915 - 1915

EMA5 CROSS AND LOCK BELOW 1915 WILL OPEN THE SWING RANGE

SWING RANGE
1906

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
Chart PatternsforexanalysisforexsignalsGoldgoldtradinggoldtradingstrategyTechnical IndicatorstradingideastradingsignalsTrend AnalysisXAUUSD

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