We finished off with a great day yesterday with our next target of 1822 HIT, which we trailed all the way from 1816 with a lovely TP HIT.
As you can see the resistance structure is now broken opening the upper levels 1822, 1831 and 1837. We can track and trade this with EMA5 cross and lock confirmation.
We have a retracement zone above 1800 at 1806. If we see a retracement, we would like to see this area to provide support to continue with the Bullish momentum.
We have also updated our swing range to 1777.
Please also refer to our 4H and daily chart setups and ideas to keep in mind our longer range targets
Our plans to buy dips from support levels are still in play. We will continue track and trade this movement level to level confirmed with cross and lock.
EMA5 CROSS AND LOCK ABOVE 1815 WILL OPEN REMAINING LEVELS 1822 - DONE 1831 1837
BEARISH TARGETS 1792 - DONE 1783 - DONE 1777
SWING RANGE 1777
EMA5 CROSS AND LOCK BELOW 1763 WILL OPEN THE LOWER LEVELS 1760 1750 1741
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Great analysis as always. It great to have a road map to what gold will do. It's amazing to see all your ideas play out with great precision. Thanks again. See you in January.