Hope everyone had a great weekend and ready for Market open.
This is the updated setup. We can see Gold found support above 1931 Goldturn, which was created last week and is the most recent Goldturn and 1992 is the most recent Goldturn created. This now gives us a new Range of 1931 to 1992, which gives us a play range to manage buying dips on our lower time frames keeping the overall range in mind.
We see 1992, as the overall target, which is gearing up now with the fresh Goldturn created at 1931 providing the momentum for EMA5 to cross above MA21. If we see this cross complete, it will give price the final push needed for the 1992 challenge. We also have an AXIS target at 2005, which is our longer range target on the .
This is our Hourly chart levels and targets. It will provide me the levels needed to buy from dips and to work the overall range. We have 1958, 1966, as the immediate targets with a retracement range of 1945 and a SWING RANGE of 1935 to keep in mind to risk and money manage. EMA5 break above 1966 AXIS will open the upper levels and will also confirm 1976 TARGET.
We remain and buying from support levels and banking 20 to 30 pips at a time to avoid any swing traps. As always we will keep you all updated with any changes to our setups and plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
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