GOLD DAILY CHART MID/LONG TERM PROJECTION

Hey Everyone,

Please see our updated daily chart idea after successfully completing our last daily chart idea.

We are currently seeing price test the updated Goldturn ascending channel top. We are likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to retest 2418 and 2504 long term.

Once again we have highlighted and updated a route map within the channel for retracement and support tests and levels to extend the range and channel top. We will also keep in mind 2325, which is holding the bullish structure above the channel half line support.

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 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