GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP

6 hours ago

Hey Everyone,

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

Previously we stated that the channel top was continuing to provide support like we stated for the past few weeks.

We also stated that, as long as we see no ema5 cross and lock below into the channel, we can safely continue with our plans to buy dips in this range.

- This is continuing to play out perfectly. You can see although we had many breaks into the channel with candle over the last few weeks, ema5 failed to break inside, confirming the rejection and providing support above the channel like we stated.

This followed with the perfect bounce inline with our plans to buy dips and now heading towards our 2729 AXIS gap target above.

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

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