GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP
Hey Everyone,
Please see update on our weekly chart idea.
Previously we mentioned that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above, which played out perfectly.
We then stated that we would need to see a candle body close above 2434 in the coming weeks/months to confirm this gap or an ema5 cross and lock for a double confirmation.
- We got the candle body close above 2434 now opening the 2505 gap and an ema5 cross will further confirm this.
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 weekly chart idea.
Previously we mentioned that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above, which played out perfectly.
We then stated that we would need to see a candle body close above 2434 in the coming weeks/months to confirm this gap or an ema5 cross and lock for a double confirmation.
- We got the candle body close above 2434 now opening the 2505 gap and an ema5 cross will further confirm this.
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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