GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP

il y a 5 jours

Hey Everyone,

Another update on the weekly chart idea we have been tracking for over a month now and still playing out as analysed.

As stated already this chart allowed us to project the long term corrections and direction. We are using this chart to track our bullish targets until no ema5 lock to confirm rejections on the levels.

The channel top is continuing to provide support like we stated for the past few weeks, We had a test within the channel into 2590 axis inline with the retracement range, which gave the perfect reactional support bounce.

This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.

As long as we see no ema5 break and lock below into the channel, we cane safely continue with our plans to buy dips in this range using the the levels just like the last few weeks reactional bounce above the retracement axis level.

Ema5 is still playing above the channel top and has not broken into the channel providing support above the channel.

We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future.

Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX