Please see our updated 4H chart weighted Goldturns and targets.
Although we saw a well overdue retracement and tank in price on Gold last week, as you can see by zooming out, we are still in a strong uptrend long term. Price is now testing support structure with still room to move down to 1836. If we see a EMA5 break below 1836 we are likely to see the full swing range.
We are likely to see some more swings and then establish a safe tested range to trade between.
We will use our EMA5 cross and lock above and below our weighted Goldturn support and resistance levels to track and trade the movement up and down level to level. We will now wait patiently for price to settle and then continue with our long terms plans to buy dips.
BULLISH TARGETS 1871 1894 1917
BEARISH TARGETS 1836 1802
SWING RANGE 1802 - 1772
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!