GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP
Hey Everyone,
Please see update on our mid to longer term weekly chart idea.
Last week we advised that we are now seeing price head towards the channel top with a long range/term target at 2434 above the channel and 2505 long range axis target. We also stated that we will keep in mind the potential for temporary short term resistance at the channel top.
- This played out perfectly, just like we stated!!
We got the hit on the channel top like we analysed and now potentially seeing some resistance like we said.
We now also have the gap still remaining at 2434 but just need to keep in mind the conflicting resistance before with the channel top. We will also need to look for ema5 to lock above 2434 to open the long range Axis target 2505.
The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
Please see update on our mid to longer term weekly chart idea.
Last week we advised that we are now seeing price head towards the channel top with a long range/term target at 2434 above the channel and 2505 long range axis target. We also stated that we will keep in mind the potential for temporary short term resistance at the channel top.
- This played out perfectly, just like we stated!!
We got the hit on the channel top like we analysed and now potentially seeing some resistance like we said.
We now also have the gap still remaining at 2434 but just need to keep in mind the conflicting resistance before with the channel top. We will also need to look for ema5 to lock above 2434 to open the long range Axis target 2505.
The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. 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
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