GOLD ROUTE MAP UPDATE

28 nov

Hey Everyone,

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

After completing the full swing range test and swing action yesterday, we stated that we were now waiting for ema5 lock above 2657 for a continuation or a lock below the swing range will open the levels below.

2657 Goldturn failed to break and followed with the rejection back into the swing range at 2620. No lock below 2620 confirmed the rejection for the bounce, inline with our plans to buy dips.

We will continue to see play between both these weighted levels and will need to see ema5 cross and lock to confirm 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
2728

EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759

EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787

BEARISH TARGETS
2703 - DONE

EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE

EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE

EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE

SWING RANGE
2638 (DONE) - 2620 (DONE)

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