GOLD ROUTE MAP UPDATE ON LEVELS & TARGETS FOR THE WEEK

Hey Everyone,

Another day of buying dips playing out as planned. We had a nice push up during Tokyo session and just fell short of 1994. We have the 1987 level broken and locked opening 1994 and potentially upto 2005.

As always we are expecting swings as we did all week and and yet it continued to then go back and hit our targets. In light of this, our strategy to buy dips works perfectly in these market conditions.

Our initial range of targets are complete and now chasing the next range. We will keep in mind any weighted supported level breaks to confirm swings and dis to manage risk accordingly and positions our entries.

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 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 have shared every week, for the last 18 months, you can see how effectively they can be used to trade with or against short term swings and trends.

BULLISH TARGETS
1987 - DONE

EMA5 CROSS AND LOCK ABOVE 1987 WILL OPEN THE FOLLOWING BULLISH TARGET
1994
2005

EMA5 CROSS AND LOCK ABOVE 2005 WILL OPEN 2018 AN 2032

BEARISH TARGETS
1979 - DONE
1970 - DONE

EMA5 CROSS AND LOCK BELOW 1979 WILL OPEN THE RETRACEMENT RANGE

RETRACEMENT RANGE
1959 - DONE
1950

EMA5 CROSS AND LOCK BELOW 1950 WILL OPEN THE SWING RANGE RANGE

SWING RANGE
1913

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!

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