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GOLD MELTDOWN INCOMING? THE ONLY BREAKDOWN YOU NEED!Welcome back, traders! Mr. Blue Ocean FX here, breaking down the latest price action on gold (XAUUSD) . Let’s dive straight into the technicals and see what the market is telling us. Market Overview Gold has been on a strong bullish run since December 30th, surging from the 2620 area all the way to 2942, marking an aggressive impulse move. However, last week, we saw signs of exhaustion, particularly with a rejection wick forming on February 10th, signaling potential downside pressure. Daily Timeframe Analysis On the daily chart, price action printed a double top around 2929, followed by a strong bearish engulfing candle that closed on Friday. This indicates a potential momentum shift from buyers to sellers. We also placed a key level at 2881, marking the recent wick low. This level is crucial because if price breaks below it, it would confirm sellers stepping in with conviction. H4 Timeframe Analysis Scaling down to the 4-hour (H4) chart, we can see a clearer structure: • Price spiked high, retraced, and formed a higher low before another push up. • The latest move shows a break and retest pattern, where price broke structure and is now testing previous support as resistance. • While the H4 candle looks promising, we are waiting for a solid close to confirm the momentum shift before executing a trade. H1 Timeframe Execution Plan On the 1-hour (H1) chart, here’s our trade setup: 1. Waiting for a pullback after the breakdown. 2. Looking for price to form a lower high at 2896. 3. Entry confirmation comes with strong bearish volume and a small retest. 4. Short position at 2896, with a stop loss just above the 2906.55 wick high. 5. First target: Recent lows near 2881 for a 1:2 risk-to-reward ratio (RRR). 6. If price breaks below the daily low, we could see further downside continuation. Final Thoughts This setup is in play, and we are watching how price reacts at key levels. If the market confirms our bias, this could be a solid high-probability short trade. 🔥 If you found this breakdown valuable, don’t forget to: ✅ Like & Subscribe for more trade ideas ✅ Boost the post to help the community ✅ Share with a fellow trader Let’s catch these pips! See you in the next breakdown. Boom! 🚀💰
OANDA:XAUUSDShort
by BlueOceanFxAcademy
XAUUSD 15-Minute Chart Analysis! 2840!Overview: Gold is currently trading around $2,900, showing a potential bearish setup based on key technical levels. The chart highlights an important Fair Value Gap (FVG), support and resistance levels, and a possible price movement scenario. Key Levels: 🔸 Resistance Zone: $2,940 - $2,950 A strong supply zone where price previously reversed. If price reaches this level, sellers might step in. 🔸 Fair Value Gap (FVG: $2,915 - $2,918) A price imbalance that could act as a short-term resistance. If price taps into this zone, it may reject downward. 🔸 Support Level: $2,879 A key horizontal level that has acted as support before. If price holds here, a bounce is possible. A break below could trigger further downside movement. 🔸 Target Zone: $2,840 - $2,830 A demand zone where buyers could re-enter. Projected Price Movement: 📉 Bearish Scenario (Main Outlook): 1️⃣ Price moves into FVG ($2,915 - $2,918) and rejects. 2️⃣ Drops towards support at $2,879 for a retest. 3️⃣ A break below $2,879 confirms further downside. 4️⃣ Targeting the $2,840 - $2,830 zone. 📈 Bullish Invalidations: If price breaks and holds above $2,920, it could push higher toward $2,940 - $2,950 resistance. A breakout above $2,950 would shift bias to bullish. How to Use This on TradingView: ✅ Look for bearish signals (rejection wicks, strong red candles) near FVG before shorting. ✅ Watch for a breakdown below $2,879 to confirm further downside. ✅ If price holds above $2,920, reconsider bearish bias.
OANDA:XAUUSDShort
by PIPsOptimizer
Gold weekly chart with buy and sell levelsGold after that 600 pip re trace last Friday what are the buying and selling levels for this week ? Full top down below Ill look at entering a buy position at 2891 expecting 2904,2912 and if broken a continuation up to 2932 upwards. On the sell side ill remain cautious and enter at 2872 expecting 2864 to 2862 to act as first support.if we break each key level marked can turn into resistance once broken. I have also posted a swing trade which ill link below as always don't over leverage and use proper risk management in taking these trades
OANDA:XAUUSD
by F0rexBorex
My thoughts for GCIm looking for areas of consolidation on a higher time frame preferably the one hour then on the 5min wait for a bullish engulfing to print to enter for buys, now Monday is a holiday so I know NYSE will be closed so for the entries already taken, during Asian opening will only be technical trades, but there is high impact news, and depending on descolations with Russia, I plan for contiunation buys, but I plan to watch the dollar and the yields for any potential reversals to the. downside
COMEX:GC1!Long
by FuturesBaddie
GOLD MONTHLY LONG TERM RANGE ROUTE MAP ANALYSISMonthly Chart Gold (9th Feb 2024) Dear Traders, Attached is the updated Monthly Chart Roadmap for GOLD, showcasing our meticulous analysis and 100% target accuracy since October 2023. The Golden Circle areas on the chart emphasize our precise predictions and successful target achievements over the months. Previous Chart Highlights: * GOLD successfully hit TP1 (2286.35) and TP2 (2603.46), with the monthly candle closing above TP2. * EMA5 crossed and locked above the TP2 level at 2603.46, confirming strong upward momentum. * The EMA5 detachment process was successfully completed. * The Fair Value Gap (FVG) at 2790 provided robust support, facilitating a push toward higher levels. What’s Next for GOLD? This chart update includes revised entry levels, weighted target levels, and two critical GOLDTURN levels: 2742 and 2595. These levels act as strong support zones, where potential reversals may occur. If a reversal happens, prices are likely to retest any of these levels (marked in red) before bouncing back. Pay close attention to EMA5 near the Entry Level of 2742.55. If EMA5 crosses and locks above 2742.55, it will confirm bullish momentum and make the target of TP1 (2961) achievable with ease. Although short-term bearish movements may occur, the broader picture on the monthly chart suggests a long-term bullish trend. Temporary pullbacks strengthen the trend and provide excellent dip-buying opportunities near support levels, minimizing risk. Recommendations: For a detailed understanding of support structures and to identify ideal buying opportunities, refer to our smaller time frame analyses, including weekly, daily, 12H, 4H, and 1H charts. These provide actionable insights while aligning with the bigger picture of long-term bullish momentum. As always, we’re committed to keeping you informed with daily updates and insights. Don’t forget to show your support by liking, commenting, and sharing this post. Stay tuned for more updates on our Trading View channel. Trade Safe with Confidence! The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: 17the FEB 2025 Hello Traders, Here’s the latest update on the GOLD daily chart, which we've been closely monitoring and trading. Below, we break down recent price movements, updated key levels, and provide actionable insights for the days ahead. Recap of Recent Chart Success! Our recent analysis has proven highly accurate: ENTRY LEVEL 2744: ✅ Achieved TARGET TP1 (2807): ✅ Achieved TARGET TP2 (2870): ✅ Achieved TARGET TP3 (2933): ✅ Achieved What’s Next for GOLD? Bullish or Bearish? Last week, GOLD reached an all-time high of 2942.59. Currently, the price is fluctuating between the gap above 2933 and the gap below 2870. 2933 is acting as a key resistance level, and an FVG (Fair Value Gap) has formed to reinforce this resistance. As a result, our GoldTurn levels are now activated as key support zones. KEY LEVEL: 2870 Resistance Levels: 2933, 2990, 3051 Support Levels (GoldTurn Levels): 2870, 2801, 2744, 2671, 2595 EMA5 Behavior: * Or If EMA5 crosses and locks above 2933, it strengthens the bullish case. * If EMA5 fails to hold above 2870, cross and lock below this level 2870, expect a pullback to key GOLDTURN levels below. Recommendations: * Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade. * Stay focused on shorter trades in this range-bound market to manage volatility effectively. Long-Term Bias: Maintain a bullish outlook while viewing pullbacks as buying opportunities. Accumulate positions near key support levels for a safer approach instead of chasing highs. Final Note: Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity. Thank you for your continued trust! Don’t forget to like, share, and comment to support our work. Best regards, The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAP UPDATEDWeekly GOLD Analysis: 17th February 2025 Hello Traders, Here’s a weekly chart analysis of GOLD, offering an in-depth look at recent market trends and future outlook. Since October 2023, our consistent tracking has achieved 100% target accuracy, as shown by the Golden Circle markers on the charts. Let’s break down the highlights and what’s next. Recap of Last Week’s Successes Weekly Chart Highlights: * EMA5 crossed and settled above Entry ✅ 2735 reached * Bullish Target TP1: 2877 ✅ Achieved * GoldTurn Levels at 2875 activated twice ✅ Reached What’s Next for GOLD? Bullish or Bearish? After hitting ENTRY LEVELS at 2735 and TP1 2877, we saw a small close above 2877 last week, leaving 3018 open as a potential target. We mentioned that an EMA5 lock would confirm this movement. While EMA5 hasn’t locked yet, the close from last week provided a solid push upward, gaining over 500 pips. The long-term gap remains open, with more movement likely after last week’s candle body close. Key Level: 2735 remains a critical zone. GoldTurn Levels at 2875 and 2735 are active, and the price may revisit these levels before bouncing back to reach TP1 and beyond. Recommendations & Strategy: * Focus on EMA5: Watch its behavior around 2877 for key signals on short- and long-term trades. * Support Levels: GoldTurn levels at 2875 and 2735 are vital for identifying reversal points and prime dip-buying opportunities. * FVG Support: A range between 2835 and 2850 is also supportive. For precise entry and exit points, check our daily, 12H, 4H, and 1H analyses for clearer market guidance. We’ll continue to provide daily updates, insights, and strategies on our TradingView and YouTube channels every Sunday. Don’t forget to like, comment, and share to support our work and help others benefit! The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
Next move (Bullish or Bearish??)Hello everybody, Happy weekend. I hope you are doing well and you had a profitable weekend, The market is about to open. Its time to take a decision for XAUUSD (Gold) to move continue bullish or bearish. Currently Gold price is 2882, which is demand zone. As you can see gold price had succeed to respect supply zone and fall. Now the price is at zone of demand, now gold will take decision to move where, If price completely breaks the demand zone gold next target will be 2820. What if price respects the demand zone?? If price respects the demand zone gold can make another ATH. Lets's see what will happen. Kindly share your ideas.
FOREXCOM:XAUUSD
by Zayn_Muaath
2
Gold price analysis February 13⭐️Fundamental analysis: Bullion traders are ignoring the US Consumer Price Index (CPI) data for January due out on Wednesday. Traders are also ignoring the possibility of a peace deal being struck with US President Donald Trump and Russian President Vladimir Putin, who spoke by phone to outline a meeting soon to hammer out the outlines of a peace deal. Despite these significant tail risks, gold is rallying, indicating a firm commitment from traders to continue to hold onto the safe-haven asset. Meanwhile, traders are looking ahead to two testimonies from Federal Reserve (Fed) Chairman Jerome Powell on Capitol Hill before lawmakers. The release of January CPI data on Wednesday demonstrates that the Fed is on the right track to keep interest rates steady for longer. ⭐️Technical Analysis Gold is falling and heading towards support at 2883, when closing below 2883 there is a zone of 2836. Resistance is focused on the zones of 2929 and 2940. Looking at the h4 frame, we can see the market's wave structure being pushed up to 2880 and forming an uptrend, proving that the buyers are very strong around 2880 and 2865 is being noticed by the buyers to jump into the market for a decline. The H4 candle that just closed shows that there is selling pressure but it is not clear yet. The next H4 candle plays an important role when it closes beyond 2910, becoming a Downtrend as analyzed and closing above 2910
OANDA:XAUUSD
by TVS-Trader
2
GBPUSD analysis week 7🌐Fundamental Analysis The US dollar is under heavy selling pressure, opening the door for GBP/USD to rise as risk-on flows dominate financial markets. US President Donald Trump refrained from announcing new reciprocal tariffs on Thursday, instead explaining that he has tasked his economic team with drawing up plans to impose reciprocal tariffs on every country that taxes US imports, triggering a risk-on rally. At press time, US stock index futures were trading sideways on the day. Should major Wall Street indices open on a bullish note and continue higher into the weekend, GBP/USD could extend its weekly gains. 🕯Technical Analysis GBPUSD is pulling back to 1.250 and is looking for some buying interest towards the 1.272 resistance. The support at 1.250 is supported by two EMAs and a trendline. This trading range is the focus next week and it is quite difficult to break this trading range. 📈📉Trading Signals BUY GBPUSD 1.250-1.248 Stoloss 1.245 SELL GBPUSD 1.272-1.274 Stoploss 1.277
by TVS-Trader
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2905 and a gap below at 2872. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2905 EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET 2934 EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET 2959 EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET 2987 BEARISH TARGETS 2872 EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET 2841 EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE SWING RANGE 2807 - 2781 EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SECONDARY SWING RANGE SECONDARY SWING RANGE 2764 - 2740 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
24
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing ema5 play between two weighted levels with a gap above at 2928 with a correction target above at 2890 before that with ema5 lagging and due a touch above. We need ema5 to cross below 2890 to open 2857 and lock above 2928 to open the range above. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2890 2928 EMA5 CROSS AND LOCK ABOVE 2928 WILL OPEN THE FOLLOWING BULLISH TARGET 2959 EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET 2992 EMA5 CROSS AND LOCK ABOVE 2992 WILL OPEN THE FOLLOWING BULLISH TARGET 3024 BEARISH TARGETS EMA5 CROSS AND LOCK BELOW 2890 WILL OPEN THE FOLLOWING BEARISH TARGET 2857 EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE RETRACEMENT RANGE 2813 - 2785 EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE SWING RANGE SWING RANGE 2744 - 2713 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed. After completing 2729 and 2856, we were left with a very small body close above 2856 last week leaving 2976 open and we stated that will need ema5 lock to further confirm this. EMA5 is still yet to lock, however the body close already gave us a nice push up with over 700 pips. The full long term gap still remains open with a further candle body close left from last week. 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. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
GOLD heading for another ATH? I anticipate that gold will continue rising from the current price level around 2,880, targeting the relative equal highs above. Once price sweeps this liquidity, it will establish a new all-time high (ATH). However, if price starts to accumulate and slow down, we could see a deeper mitigation, possibly into the 7-hour demand zone or even the 6-hour demand zone below. This would set the stage for a larger move to the upside. Confluences for XAU/USD Buys: - Price has broken structure to the upside and remains in a strong bullish trend. - Relative equal highs above provide a liquidity target for price. - Price is currently sitting in a 4-hour demand zone, with additional key demand areas nearby. - Gold continues to rally, supported by ongoing geopolitical tensions. P.S. If price reaches the 6-hour supply zone and starts forming a Wyckoff distribution on the lower time frames, we may see a potential downside move from that point of interest (POI).
OANDA:XAUUSDLong
by Hassan_fx
Gold at PRZ—Will Bears Take Over Soon!?Today, U.S. Retail Sales data will be released: Core Retail Sales (Forecast: 0.4%) → If lower than expected, it may indicate weaker consumer spending, potentially weakening the USD ( TVC:DXY ). Retail Sales (Forecast: 0.4%) → A lower-than-expected reading would signal economic weakness and increase expectations for Fed rate cuts. Given recent economic trends and previous reports like CPI (inflation) and PPI (producer inflation) coming in higher than expected, retail sales data is more likely to be stronger than forecasted or at least in line with expectations. Potential Market Impact : If the data is stronger than expected : USD strengthens → Gold declines . There is a slightly higher probability that the data will be stronger than expected (or in line with forecasts). However, if the data disappoints , the market could react sharply . If the indexes are close to or match the forecasts, there will be less expectation of emotional market movement. -------------------------------------------------- Gold ( OANDA:XAUUSD ) started to rise, as I expected in the previous post . Currently, Gold is near the Potential Reversal Zone(PRZ) , the upper line of the Ascending Channel , Monthly Resistance(2) , and Yearly Resistance(1) . According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 . One of the confirmation signs of the end of wave 5 can be the breaking of the lower line of the ascending channel . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to go down to at least $2,920 first after breaking the lower line of the ascending channel, and if the Support zone($2,915-$2,905) is broken, we should wait for an attack on the 100_SMA(1-hour) and the Support line . Note: If Gold breaks the Potential Reversal Zone(PRZ) , we can expect more pumps. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 15-minute time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
9
Gold swing trade trade both buy and sell levels This week we are looking to enter a buy first, expecting market to reverse from that 600 pip downtrend up to previous support from the 4 hour before reversing again to support at 2914. For entries first a buy to 2887 monitor expecting a reversal at 2914 to 2916 area where we enter a sell to previous support at 2852 to 2850. The buy should run 265 to 270 pips and then the sell from 2914 should run 627 to 260 pips. trade is based on higher time frame trend lines with support and resistance and fibonacci levels. For example the 0.236 fib level at 2815 is our sell entry . As always with these type of trades wait for proper conformation , use proper risk management . levels should hold until hit so patience is key. Major news will have an effect on these but that's something we don't have control over
OANDA:XAUUSD
by F0rexBorex
Gold - Trend continuation after deep correctionParallel Channel: A clear upward-trending channel indicating long-term bullish movement. Consolidation Pattern: A triangular consolidation phase before a breakout. Strong Support Level: Marked around 2,861.843, serving as a key price level. Price Projections: Two significant measured moves showing price increases of 14.10% and 12.27%, with the latest target reaching approximately 3,037.055. Current Price Action: The price is around 2,882.482, experiencing a slight pullback (-1.57%). Key Elements of the Chart: 1. Overall Trend: Bullish Momentum The chart showcases an upward trend in gold prices over the past several months. A parallel ascending channel is drawn, marking higher highs and higher lows, indicating a sustained bullish trajectory. 2. Parallel Channel Formation A parallel channel (black trendlines) has been plotted, highlighting a structured uptrend. The price has consistently moved within this channel, bouncing off support and resistance levels. 3. Consolidation & Breakout Phase A green triangular pattern is visible in the middle section of the chart. This pattern represents a period of price consolidation, where gold traded in a tightening range before a breakout. After breaking out of this consolidation phase, the price resumed its uptrend, confirming a bullish breakout. 4. Support and Resistance Levels A strong support level is identified at 2,861.843, providing a key price floor. The price has recently retraced and is testing this support zone around 2,882.482. Resistance lies near the upper boundary of the parallel channel, with a target projection of 3,037.055. 5. Measured Price Moves (Projection Targets) The chart includes two price projections using vertical arrows: First measured move: A rally of 333.699 points (14.10%), suggesting a significant bullish leg. Second measured move: Another 331.092 points (12.27%), confirming continued bullish strength. The next target price level is around 3,037.055 USD, indicating further upside potential. 6. Current Market Conditions The current price is around 2,882.482, reflecting a -1.57% daily decline. The recent pullback suggests either a minor correction or a potential support test before the next leg upward. Technical Summary: Trend: Strong bullish uptrend within a well-defined parallel channel. Support Level: 2,861.843 (marked as a strong area of buying interest). Resistance Level: Around 3,037.055. Breakout Confirmation: After a consolidation phase, gold has resumed its uptrend. Market Outlook: The chart indicates the potential for further upside, but short-term corrections may occur. The price remains within the parallel channel, gold could continue its upward trajectory, with 3,037.055 USD as the next key resistance level. However, if the support level (2,861.843) fails, a deeper correction may follow.
OANDA:XAUUSDLong
by PIPsOptimizer
News affecting gold pricesNews: Russia's nighttime attack damaged port infrastructure in the Odessa region of Ukraine. Russian troops occupied Zelenpo and Dachne in eastern Ukraine. In the past day, the Russian army lost about 1,200 soldiers, as well as 17 tanks, 16 armored personnel carriers and 81 artillery systems and other equipment. Geopolitics is continuing to heat up, and gold prices are expected to continue to rise next week. Viewpoint The market is in a volatile range. It is expected to show an upward trend in the next trading cycle. Keep an eye on the subsequent sharing of views
TVC:GOLDLong
by David_financial_analyst
1
GOLD MARKET UPDATEHey Everyone, Great finish to the week once again with all our chart ideas playing out, as analysed. This is an update on our new daily chart idea which we shared on last Sunday, which also played out perfectly . We had candle body close and ema5 above lock above 2827 leaving target to 2904 AXIS. This was hit perfectly this week completing this level and also into the channel top for the perfect finish and rejection. We have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics. We also need to keep in mind the channel half line below to establish floor to provide support for the range. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. This is the beauty of our Goldturn 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
OANDA:XAUUSD
by Goldviewfx
9