GOLD DAILY CHART MARKET ANALYSIS

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Daily Chart Update

This is our ongoing Daily Chart Idea that we’ve been tracking over the past few weeks, based on our unique Goldturn ascending channel.

The lower boundary of the channel has consistently acted as strong support, driving continued upward movement toward our upper Goldturn levels on the daily chart. This has been supported by solid candle body confirmations and ema5 action.

We are currently seeing a confirmed candle body close, along with an EMA5 lock, above the 4587 level. This move opened up a larger target range toward 4900. While we saw a strong push into that area last week, the full gap remains unfilled.

At present, key levels to watch are:
Support: 4587
Resistance: 4900

We will continue to keep you updated as this chart idea develops.

Mr Gold

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