GOLD DAILY CHART UPDATE

Hey Everyone,

Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea.

Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce, which played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test.

The bounce up left a gap above at 2414 Axis target last week.

- This gap was hit and target completed perfectly last week. We will now look for a break above this level to continue the full channel top test or a rejection at this level will see price look for channel half line test dynamically, as the channel ascends.

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

Trade active:

Channel half-line support tested!