GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP

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Hey Everyone,

Following on from yesterdays update on our mid/long term route map after completing the 1h, 4h and daily chart route maps. We completed 3094 target and stated that we will now need this weeks candle to finish and close and/or ema5 lock above 3094 to open the gap above.

- Looking like no close above 3094 on the weekly candle, if price stays below this level on market close. Amazing to see the weighted levels levels being respected like this to allow us to identify new range gaps or rejections.

We will be looking for support and bounce on the channel half line or a cross and lock below the half line will open the lower range for the channel low Goldturns.


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.

We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead and also a new Daily chart long term chart idea, now that this one is complete.

Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX

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