GOLD ROUTE MAP UPDATE

Jul 10, 2024

Hey Everyone,

PIP-TASTIC day on the charts once again!!!

After yesterdays challenge on the retracement range, we stated that we needed to see ema5 lock below this level to open the swing range or a failure to lock below will confirm rejection for a re-test on the Goldturns above.

- This played out perfectly with 2378 HIT today completing this range. We now need to see ema5 lock above 2378 to open 2390. We already have a candle body close gap open to 2390 but ema5 lock will solidify it.

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, 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 in the past 24 months, you can see how effectively they played out, with or against short/mid term swings and trends.

EMA5 CROSS AND LOCK ABOVE 2390 WILL OPEN THE FOLLOWING BULLISH TARGET
2403

EMA5 CROSS AND LOCK ABOVE 2403 WILL OPEN THE FOLLOWING BULLISH TARGET
2414
2425

BEARISH TARGETS
2378 - DONE

EMA5 CROSS AND LOCK BELOW 2378 WILL OPEN THE FOLLOWING BEARISH TARGETS

BEARISH TARGETS
2364 - DONE
2355 - DONE

EMA5 CROSS AND LOCK BELOW 2355 WILL OPEN THE SWING RANGE

SWING RANGE
2333 - 2322

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