GOLD TURN CHANNEL BREAKOUT UPDATE

We posted this chart yesterday before the drop in price. We drew our channels using the gold turns and not the traditional way. We identified the price breaking our of the channel and then respecting the eternal trendline. The EMA5 cross and break out of the channel and gold turn strategy confirmed and our outstanding signals confirmed the move to 1850 which we called before the move. We then identified this support level as an area to take buys and as expected the price bounced off this support and back up.

We have taken partial profits and securing, as the price goes to challenge the 1868 level again. The price to resume back into the gold turn channel we expect a challenge to 1880. This is a level to watch out for.

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