GOLD DAILY CHART UPDATEHey Everyone,
Please see update on our daily chart structure.
Last week we completed the gap to 2359 perfectly, as analysed. No ema5 lock above this level and therefore a rejection gave the drop.
We then stated that we will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range.
- This is still playing out with no cross and lock on either 2355 and 2309 and therefore playing between the 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
