We have updated all the strong Goldturn levels using historical turns. We will look to see how EMA5 breaks each level with candle body close to allow us to trade each level in stages and analyse its movement at the same time.
We hope to see the price find support and retrace back to its Bullish structure. We can see from zooming out, each time an ascending channel is broken to the downside, in this market structure, we see retracement back up to test the channel again. We can potentially see some retracement down to as low as 1766 to then resume back to target 1808, 1828.
The market has dropped 2 ranges, we have had an awesome month of targets being hit. This is not the time to jump back in. We will let the momentum settle and price settle into a range before we start to commit to new positions.
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