GOLD - SWING RANGE IN ACTION

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Hey Everyone,

Our 4H route map continues to play out with structure.
We had the EMA5 cross and lock below 4335, which opened the swing range down into 4253. That gap was filled, and from there the focus shifted to waiting for the reaction.
4253 Goldturn has continued to show its weight as support, producing multiple reactional bounces, in line with our ongoing plans to buy dips.

For the full swing setup to complete, we are still looking for a retest of 4335. We initially got the bounce and move higher from 4253, but price fell short of completing the full gap.

Importantly, the pullback once again found support around 4253, giving us further reactions from the same key Goldturn level.

So for now, 4335 remains firmly on the radar as the level required to complete this swing setup while 4253 continues to provide the reactionary support.

That wraps up our chart updates for the week. We’ll be back Sunday with our updated multi-timeframe route maps and full trading plans for the week ahead.

Mr Gold

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