GOLD ROUTE MAP UPDATE

[nihalsari]

6 348
Hey Everyone,

Another PIPTASTIC day on the charts with our analysis once again hitting gold!!!

After completing all our bullish targets yesterday we stated that we will now look for EMA5 lock above 3424 to open the next bullish level at 3439.

• This played out perfectly completing 3439 to perfection!!

We are now seeing no further lock above 3439 confirming the rejection, which we are seeing now. We will now look for lower Goldturns to be tested for support and bounce inline with our plans to buy dips.

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 20 to 40 pips. As stated before, each of our level structures gives 20 to 40 pip bounces, which is enough for a nice entry and exit. If you backtest the levels we’ve shared every week for the past 24 months, you’ll see how effectively they were used to trade with or against short/mid-term swings and trends.

The swing ranges give bigger bounces than our weighted levels, that’s the difference between the two.

BULLISH TARGET
3356 - DONE

EMA5 CROSS AND LOCK ABOVE 3356 WILL OPEN THE FOLLOWING BULLISH TARGETS
3381 - DONE

EMA5 CROSS AND LOCK ABOVE 3381 WILL OPEN THE FOLLOWING BULLISH TARGET
3404 - DONE

EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET
3424 - DONE

EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3439 - DONE

EMA5 CROSS AND LOCK ABOVE 3439 WILL OPEN THE FOLLOWING BULLISH TARGET
3458

BEARISH TARGETS
3331

EMA5 CROSS AND LOCK BELOW 3331 WILL OPEN THE FOLLOWING BEARISH TARGET
3311

EMA5 CROSS AND LOCK BELOW 3311 WILL OPEN THE SWING RANGE
3289
3266

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
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