GOLD DAILY CHART UPDATE

28 thg 7

Hey Everyone,

Please see update on our daily chart structure that we have been tracking successfully for a while now..

Previously we had the cross and lock above 2355, leaving a gap open to 2405 and same with 2405 opening 2464.

- Both gaps were hit and completed, as analysed.
We were then left with a candle body close gap above 2464 leaving a long range/term gap to 2521 and will need EMA5 lock above 2464 to further confirm this. Failure to lock above this level last week confirmed the rejection that followed.

We are now seeing 2355 retracement range providing support and the re-actional bounce, as analysed. We will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again.


We have marked the charts with our unique 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 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