GOLD DAILY CHART MID TERM PROJECTION

٧ يناير

Hey Everyone,

Please see our daily chart update, which we have been tracking all month. Once again true perfection alongside our smaller timeframe analysis.

After hitting our target at 2089 inline with the channel top, we then stated that we will now either see resistance here for a rejection and test at support on the channel half line or a break above the channel top will break into a new range above.

- This played out perfectly for the rejection on the channel top resistance at 2089, which followed with the rejection into the channel half line. Support here above the channel half line will see another push up to test the channel top or a ema5 cross and lock below the half line will see the channel bottom open for a test

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
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