Hey Everyone,
Just a quick share of our DAILY chart for end of play. This chart clearly shows our Goldturn trendline (Our unique way to draw trendlines) being respected. Ema5 has failed to cross below the trendline and it looks like todays candle will close above this trendline, securing EMA5 within the boundary.
Although we can see price break below the trendline and create some selling frenzy to get traders stuck, the clear cross of EMA5 would give us the stronger confirmation. Therefore until we see a EMA5 break, we can safely continue with our plans to buy dips.
We will come back in the morning with more updates and generally we will be watching the market and taking it easy due to NFP. Any trades we take will be small LOTs and low exposure, unless we really get a sweet spot!!!
GoldViewFX
XAUUSD TOP AUTHOR
Just a quick share of our DAILY chart for end of play. This chart clearly shows our Goldturn trendline (Our unique way to draw trendlines) being respected. Ema5 has failed to cross below the trendline and it looks like todays candle will close above this trendline, securing EMA5 within the boundary.
Although we can see price break below the trendline and create some selling frenzy to get traders stuck, the clear cross of EMA5 would give us the stronger confirmation. Therefore until we see a EMA5 break, we can safely continue with our plans to buy dips.
We will come back in the morning with more updates and generally we will be watching the market and taking it easy due to NFP. Any trades we take will be small LOTs and low exposure, unless we really get a sweet spot!!!
GoldViewFX
XAUUSD TOP AUTHOR
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