We had a great start to the week and our analysis played out perfectly!!
Price supported well at the bottom of this Goldturn channel and now heading towards the top end of the channel 1826 and above. There are some strong Goldturn resistance levels on the way up, however we will be observing how EMA5 crosses these levels to secure the next level.
GOLDTURN RESISTANCE 1826 1833 1846
GOLDTURN SUPPORT 1820 1814 1805 1800 1795 1788
We are looking for some retracement down to 1805 and need this area to be supported, as the support levels are rising and helping price find support earlier, each time we climb up this Goldturn channel. Our followers will notice we draw our channels using Goldturns and not many do this. Its been very unique to us and the results speak for themselves.
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