Quick update on yesterdays post on the HOURLY CHART (see link to related post below).
We identified a range of 1817.42 - 1828.99 and expecting price to play in this range.
EMA5 broke 1817.42 down with a candle body close, which opened up the lower levels. 1806 being the strong Goldturn level, however price went and HIT the recent 1814 Goldturn and found support. Anyone who noticed this break, which we highlighted could have caught 30pips here.
The price then broke back up into 1817 Goldturn with a candle body close, which opened the upper levels, 1828 being the strong Goldturn, however price went and HIT the recent 1823 Goldturn and found some resistance; another easy catch, if anyone caught it to the next Goldturn. We had a buy signal activate here, confirmed with all our parameters, which we took and banked!!!
We have also identified a Bull flag formation here and the potential target of the pole is inline with our overall 1828 Target. We continue to buy dips and should this change, we will be sure to update you all.
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