GOLD DAILY CHART MID/LONG TERM PROJECTION

Hey Everyone,

Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.

Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce.

- This played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test.

We will continue to track the move up with the ascending channel half line to provide support along the way. We will also keep in mind while tracking the ascending channel half line that any break below the half line with ema5 will open the range below.

We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.

Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups.

Buying dips allows us to safely manage any swings rather then chasing the bull from the top

Please don't forget to like, comment and follow to support us, we really appreciate it!

MR GOLD
XAUUSD TOP AUTHOR