Hey Everyone,
4703 Goldturn was tested after EMA5 locked below 4784. We are now seeing support at the Goldturn, with the bounce and a likely retest back toward 4784.
We did get the move up from the bounce off the Goldturn, but the full gap at 4784 still remains unfilled. If 4703 continues to hold as support, we are likely to see that gap filled.
For now, we expect some back-and-forth movement between both levels until one breaks and locks. Once that happens, we can then track the move from Goldturn to Goldturn.
We will keep you updated.
Mr Gold
4703 Goldturn was tested after EMA5 locked below 4784. We are now seeing support at the Goldturn, with the bounce and a likely retest back toward 4784.
We did get the move up from the bounce off the Goldturn, but the full gap at 4784 still remains unfilled. If 4703 continues to hold as support, we are likely to see that gap filled.
For now, we expect some back-and-forth movement between both levels until one breaks and locks. Once that happens, we can then track the move from Goldturn to Goldturn.
We will keep you updated.
Mr Gold
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