GOLD DAILY CHART UPDATE

anteayer

Hey Everyone,

Please see our updated daily chart idea that we updated last week.

This chart is playing out perfectly, as we had the support test at 2560 weighted level with no ema5 cross confirming support for the rejection and bounce like we analysed.

This followed with the bullish target gap at 2629 being hit with a cross and lock opening 2686. 2686 was hit perfectly completing this range. We now have candle body close above 2686 leaving a gap above at 2760 but ema5 cross and lock will further confirm this.

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 using our smaller timeframe ideas.

Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to 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