Price resisted and rejected at 1790 level. We expected this level to hold and it did.
We also have a clean break outside the Goldturn channel. We may see a test on 1778 Goldturn support level, which falls just outside of the channel and in line with MA200. MA50 has also crossed over MA200 confirming some further move up. If both these levels cross and price falls back into the channel then we can expect some of the lower levels to open up, which we will confirm once we see the attempt. For now we are still very much in the same setup and 1790 and 1796 are still TARGETS.
We are expecting another challenge at 1790. We are looking for EMA5 cross and close above this level with candle body close to confirm the movement to 1796.
Goldturn Resistance: 1796 1790 1785
Goldturn Support: 1778 1766
We will post any changes and updates throughout!
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