GOLD ROUTE MAP & TRADING PLAN - UPDATE

Dec 12, 2023

Hey Everyone,

Another great day on the charts today, catching the bounce from the swing range. Once again it did exactly what it says on the tin!!

Yesterday we stated on the chart update that we had the first test on the swing range level at 1978 and we were expecting a swing reaction here. This played out perfectly, as we got the swing into 1990 inline with our plans to buy the dip for a clean catch.

1978 and 1965 are both swing range levels and therefore expecting reaction on both levels. Price is now re-testing 1978 for another bounce taking place now. We would need to see ema5 cross below 1978 to open the range below.

We will continue to track and trade this level to level using ema5 to direct us. Our updated levels and weighted levels will allow us to track the movement down and then catch the 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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.

BULLISH TARGETS
2012

EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET
2022
2034

BEARISH TARGETS
1990 - DONE

EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE
1978 - DONE

SWING RANGE
1978 -1965

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
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