GOLD DAILY CHART UPDATE
Hey Everyone,
Please see update on our daily chart structure.
Last week we stated that 2309 support gave the rejection and the perfect bounce heading towards the 2355 open gap.
- This gap was completing perfectly as analysed. No ema5 lock above this level and therefore a rejection here for the drop. We will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range.
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
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
Please see update on our daily chart structure.
Last week we stated that 2309 support gave the rejection and the perfect bounce heading towards the 2355 open gap.
- This gap was completing perfectly as analysed. No ema5 lock above this level and therefore a rejection here for the drop. We will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range.
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
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
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