GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATE
Hey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading for a number of months now. We had a smashing few weeks hitting all our Bullish targets all the way upto 2137 inline with the channel half line.
We failed to see the half line break or a break above 2137 with ema5 and therefore price rejected here for a drop into support testing the channel bottom also inline with the ema5 detachment.
We are now seeing price in the swing range zone and expect reaction on this zone. We can now now use our smaller timeframe to buy dips considering the weekly chart price is in the swing zone with room to still play within.
We need to keep the above in mind and continue with our plans to buy dips, which will allow us to safely take the bounces from support.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
MR GOLD
This is an update on our weekly chart idea that we have been tracking and trading for a number of months now. We had a smashing few weeks hitting all our Bullish targets all the way upto 2137 inline with the channel half line.
We failed to see the half line break or a break above 2137 with ema5 and therefore price rejected here for a drop into support testing the channel bottom also inline with the ema5 detachment.
We are now seeing price in the swing range zone and expect reaction on this zone. We can now now use our smaller timeframe to buy dips considering the weekly chart price is in the swing zone with room to still play within.
We need to keep the above in mind and continue with our plans to buy dips, which will allow us to safely take the bounces from support.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
MR GOLD
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