GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP

18 Ağu

Hey Everyone,

Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months.


Last week we stated that we had multiple attempts on the channel top and now we got the candle body close above 2434 opening the 2505 gap.

- This gap was now completing hitting our final target on this chart at 2505 - BOOOOOM!!

Now this is a crucial week coming up because if this break is to sustain itself on this new range we will be looking for price to find support above the channel top on a correctional retest and then a continuation above.

However, if we see on the re-test of the channel top a break 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.

If we see a continuation above then we will share a new updated weekly chart idea that we can then continue to track and trade for the months to come.

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