GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP
Hey Everyone,
Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months.
Previously after completing our final target on this chart at 2505, we stated that a crucial week was coming up, as we needed price to find support above the channel top to confirm play in this range and will need a correctional retest on the channel top for a continuation above.
- As you can see we got the correction just above the channel top near 2467 Goldturn support, which followed with a nice push up like we said. We now also have a candle body close above 2505 leaving a long term/range gap open to 2557.
However, if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months.
Previously after completing our final target on this chart at 2505, we stated that a crucial week was coming up, as we needed price to find support above the channel top to confirm play in this range and will need a correctional retest on the channel top for a continuation above.
- As you can see we got the correction just above the channel top near 2467 Goldturn support, which followed with a nice push up like we said. We now also have a candle body close above 2505 leaving a long term/range gap open to 2557.
However, if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
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