GOLD DAILY CHART SHORT/MID TERM ROUTE MAP

27 oct

Hey Everyone,

Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.


Previously after completing 2690 target, we stated that we had a candle body close above 2690, opening 2725, as ema5 was still lagging and that we got the push up nicely but just short of the target, which remained open for last week.

- This was hit last week completing this target!!!

We now have a ema5 cross and lock above 2725 for a continuation above with a gap open to 2760. Failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing 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.

Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.

Buying dips allows us to safely manage any swings rather then chasing the bull from the top.

Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX