GOLD 4 CHART MARKET ANALYSIS

Hey Everyone,

As we see prove break the swing range lower, we have now updated the lower Goldturns with a Secondary Swing Range, as the Primary Swing Range locked below, opening the next downside range.

Keep in mind that although the Primary Swing Range did not deliver the full projected swing, we still saw the weighted reaction of 50+ pips from the highlighted levels of the sqing range respecting the level aNd aligning with our plan to continue buying dips in and out of the market.

An EMA5 cross and lock below 4237 opened the Secondary Swing Range, which price is currently working through and testing. We are now seeing this range being filled and are expecting a reaction from these lower levels.

Key Levels to Watch:
4237 Goldturn – Range trigger level
4125 Goldturn – Mid range support
4039 Goldturn – Low range support

Range objective
Should price establish an EMA5 cross and lock back above 4237, we would expect a retracement into the higher Goldturn levels, with 4365 and 4489 becoming the first upside targets or we will continue to track the levels below should 4039 lock below.

We will continue to monitor price action closely and keep everyone updated as the market develops.

Mr Gold