GOLD DAILY CHART ROUTE MAP

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GOLD DAILY CHART ROUTE MAPGoldOANDA:XAUUSDGoldviewfxHey everyone, Please see our new Daily chart roadmap and trade idea, following the completion of our previous Daily chart setup. We’ve also updated the Goldturn channel. We currently have a daily body close above 4507, opening the path toward the 4605 AXIS target. A 5 EMA lock would further confirm this move. If instead we see a rejection at this level with a close below 4507, this would open 4406. A further close below 4406 would expose the channel half-line, which is a stronger primary support level where a bounce is more likely. Only a decisive break below the channel half-line would open the larger swing range, aligning with the channel floor 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 use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX