Hey Everyone,
Gold remains inside the Goldturn Ascending Channel, with price currently testing the lower Goldturn support zone around 4495 Goldturn.
Long term market structure is still bullish inline with the channel.
Support here will see upside target at 4701 Goldturn or on the flipside, failure to hold 4495 Goldturn may expose 4354 Goldturn, followed by deeper support targets at 4147 Goldturn and 3979 Goldturn.
Overall trend remains cautiously bullish while price trades inside the Goldturn Ascending Channel.
Also keeping in mind this bearish correction today, filled the open glitch gap on our 1H chart from Monday market open.
We will keep you all updated as the week unfolds.
Mr Gold
Gold remains inside the Goldturn Ascending Channel, with price currently testing the lower Goldturn support zone around 4495 Goldturn.
Long term market structure is still bullish inline with the channel.
Support here will see upside target at 4701 Goldturn or on the flipside, failure to hold 4495 Goldturn may expose 4354 Goldturn, followed by deeper support targets at 4147 Goldturn and 3979 Goldturn.
Overall trend remains cautiously bullish while price trades inside the Goldturn Ascending Channel.
Also keeping in mind this bearish correction today, filled the open glitch gap on our 1H chart from Monday market open.
We will keep you all updated as the week unfolds.
Mr Gold
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