A great week tracking the entire move up completing all our targets, which followed with the rejection today with a massive tank below 2390 Goldturn all the way down into the retracement range completing this full setup.
EMA5 is now testing this level and will need a cross and lock below 2310 to open the swing range or failing that a support bounce here.
Our monthly chart correctional detachment is now finally coming into play. A full attachment is not needed, as it can attach on the move up with magnetisation.
Due to NFP the majority of the day was just an observation day for us, as we already secured a great week, yet we were still able to scalp using our levels.
BULLISH TARGETS 2331 - DONE
EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS 2345 - DONE 2359 - DONE
EMA5 CROSS AND LOCK ABOVE 2359 WILL OPEN THE FOLLOWING BULLISH TARGETS 2364 - DONE POTENTIALLY 2390
BEARISH TARGETS 2310 - DONE
EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE
SWING RANGE 2285 - 2274
As always we will now come back Sunday with our multi time-frame analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it!
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