Just a quick update from yesterdays analysis. Our setups for buying dips still in play and we have started to see this play out with price hitting two targets 1838 and 1844. We had a rejection at 1844 and saw price come down to 1838.
If 1838 resistance now turns into support and holds this level we will see the continuation of the Bull run. If this level fails to hold and breaks through with EMA5 cross and candle body close below this level, we will see price go further down to the Goldturns we have identified to find support. Each of these support levels are buying opportunities for us.
Any sell signal that are being activated, we are taking with small LOTs. Our main focus is on buying dips, as the current structure supports it. Any changes to our plans, we will keep all our followers updated.
RANGE VIEW
The range view shows price sitting in a dead zone. 1830-1847, outside of the most recent historical Range Boxes (see related post on RANGE BOXING below). We are taking caution at this range, as price can take a swing either way and change the structure.
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