Goldviewfx

GoldTurn Support and Resistance levels and EMA5 channels

OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is an overall view of our chart clearly marking strong support and resistance levels using the EMA5 gold turns. These levels are drawn using the EMA5 moving average and back testing shows how well this is respected on the gold chart.

We have also drawn some overall channels using the EMA5 gold turn. We have found channels to be respected more accurately using this method.

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