GOLD DAILY CHART MID TERM PROJECTION

Hey Everyone,

Quick update on our daily chart idea, which is playing out and respecting the channel dynamics.

We are now seeing price test the central zone of the channel, which we have highlighted to show the flow of the historical challenges in the channel.

This is a dynamic area of support that we need to observe for a potential bounce from here back to test the channel top or a break below this range will see a test to the channel bottom.

Todays price close will potentially lock the opening for the channel bottom test before we see another push up.

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