GOLD DAILY CHART MARKET ANALYSISGoldOANDA:XAUUSDGoldviewfxHey everyone, Here’s our updated daily chart outlook for Gold. After breaking the channel half line, we saw price move into the lower Goldturns, with key levels being tested and confirmed by strong body closes. We’ve now closed below 4586, leaving a gap down toward 4425. At this stage, we expect a reaction around this area, potentially leading to a bounce back toward 4586. If price closes above 4586, we’ll likely see a retest of the channel bottom acting as resistance. A confirmed break above that level would reopen the higher channel targets. On the downside, a close below current levels would open the path toward 4260. An EMA 5 cross and lock would provide stronger confirmation of continued bearish momentum. This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. We will keep you all updated. Mr Gold