Our plans to buy dips have played out well. We started with a buy signal that we took profit at 1805 and then took buys from every Goldturn level. We traded small lots due to the expected volatility around news events and NFP coming up and banked between 20 to 30 pips on each level to secure the profits. We then saw price drop to the 1789 Goldturn level and we got our entries at 1795 that we are riding up and banking on the way. Having our overall target of 1814 gives us the confidence to buy dips at Goldturn support levels.
We can see EMA5 bouncing of 1804 Goldturn and turning. This candle closing here will secure that target.
We will continue with our plans to buy dips unless we see 1789 break with EMA5 and not price alone.
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