GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Weekly Chart Update – 3387 Tested, Channel Top Rejected
Quick follow up on our Weekly Chart roadmap – price continues to respect the structure with precision.
As anticipated, we got the test of 3387, completing the short term magnet move we've been tracking. That level aligned perfectly with the channel top, and true to form, we saw a clean rejection right on cue just short of the full channel top leaving that open.
Importantly, there was no close or lock above that zone, reaffirming it as valid resistance for now. As a result, the range remains active, with price still oscillating between 3281 support and 3387 resistance.
Key structural notes:
🔹 Structure remains intact
No weekly close above 3387, no breakdown below 3281. The rising channel is still fully respected, and EMA5 has yet to turn bearish.
🔹 3281 Holding Strong
This level continues to act as a key weekly pivot. As long as it holds, we maintain a constructive outlook within the current range.
🔹 3387 Tested + Rejected
First test gave us the expected reaction. Until we see a confirmed close above, it remains the top of the current range.
Updated Levels to Watch:
📉 Support – 3281
Weekly pivot and current range low. Still our key area for dip buys within this structure.
📈 Resistance – 3387
Now tested and confirmed. No break or lock above = valid rejection level.
📈 Resistance 2 – 3482
Unfilled weekly gap. Still the broader target, but we need a proper breakout above 3387 first.
Plan: We continue to treat 3281–3387 as the active weekly range. If 3281 fails, we reassess at the midline of the channel. If 3387 breaks and holds, we shift focus toward 3482.
Thanks again for all the incredible engagement and support, it means a lot to us here at GoldViewFX. Stay focused, stay disciplined.
Mr Gold
GoldViewFX
