GOLD DAILY CHART MID/LONG TERM PROJECTION

Hey Everyone,

Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.

Previously we saw the anticipated retracement take place and the price test support at 2325 Goldturn inline with the channel half line. However, Ema5 5 remained above 2325 confirming the bounce, which we were able to track and trade using our smaller timeframe.

We then stated that a break below the 2325 Goldturn support level will complete the full channel half line test and the potential for a break and lock below the half line to open the levels below until we track to the bottom of the channel or rejection back to re-test the top.

- This played out perfectly with the full half line test complete last week and now for us to track the bounce up from the half line or a break and lock below to confirm the full channel low test.


We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.

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

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

Please don't forget to like, comment and follow to support us, we really appreciate it!

MR GOLD
XAUUSD TOP AUTHOR