GOLD DAILY CHART MID/LONG TERM PROJECTION

Hey Everyone,

This is the DAILY CHART idea that we have been tracking for a few months now and still playing out perfectly.

As highlighted last week, we completed all our Bullish targets all the way into 1988 and that we had a candle body close above 1988 opening the range above into 2026 but needed the ema5 cross and lock above 1988 to solidify this confirmation.

- EMA5 failed to cross and lock above 1988 creating a Goldturn, which followed with the rejection below into support at 1930 weighted level also inline with MA200. We expect a reaction on this level for a bounce or a crossover will confirm further movement down.

- MA200 PROVIDED THE DYNAMIC SUPPORT AS SUGGESTED ABOVE LAST WEEK AND GAVE THE PERFECT BOUNCE BACK INTO 1988 FOR THE TEST.

We have a ema5 detachment below highlighted with a circle inline with the retracement range of the smaller timeframe ideas.

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.

Please don't forget to like, comment and follow to support us, we really appreciate it!

MR GOLD