Yes you guessed it...…we sound like a broken record on repeat, we did it again!! Day in day out hitting targets !!!!
Okay lets start. We had the retracement down to 1850 area, as we projected yesterday. (see related post below). We took our buy entries from this zone and targeted 1867 and 1872, which was confirmed with the EMA5 lock yesterday, which you can see we had already marked on the chart. This played out perfectly!! BOOOM!!!!
1872 challenge is the more significant challenge. If we see EMA5 cross and candle body close above 1872 then it will open target to 1884.
However if we see a new Goldturn below 1872 level and price is rejected here, we will see price retrace back to benchmark at 1838, inline with the swing range (See related post below to understand BENCHMARK)), where price was originally organically moving before NEWs created the push up.
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