GOLD DAILY CHART SHORT/MID TERM ROUTE MAP Hey Everyone,
Please see our updated daily chart idea with updated retracement, swing range and Goldturn levels.
We are seeing price between two weighted levels. We have 2690 Goldturn resistance and 2645, as Goldturn support.
We currently have a gap above at 2690, as we had ema5 cross and lock above 2645 opening 2690. The daily chart averages are lagging so sometimes gaps get filled before ema5 confirmation, in which case candle body close gaps are suffice. This gap has ema5 cross and lock leaving 2690 gap open before the rejection to find support at 2645 Goldturn for the bounce.
Please note a break below 2645 will also open the lower range, which we can use to track the movement down and catch the bounces up.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
