GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Here’s our weekly chart update. Once again, the Goldturn channel is proving reliable, with price action unfolding as expected. Over the past few weeks, we saw multiple attempts to break above the top of the channel, but each was rejected , confirmed by the EMA5 failing to break through.
Following this, price dropped to as low as 3189 and nearly reached 3094, aligning closely with the channels half line, a key support level we've been monitoring. We caught an early bounce there and capitalized on it using confluence from our lower time frame analysis, also shared with you all, on our 1h and 4h chart ideas.
As long as price holds above the channels half line, we’ll continue to look for bounce opportunities using levels from our smaller time frame setups. However, if price crosses and holds below the half line, it may open the door for a move toward the lower boundary of the channel.
As always, patience and precision are key. We'll continue using the 1H and 4H timeframes to buy dips on retracements into these support zones, targeting clean 20–40 pip moves. These levels and pullbacks offer ideal opportunities, especially in ranging conditions where our Goldturn method truly shines.
This is exactly why we rely on our Goldturn Channels, our proprietary system built on weighted averages. It filters the noise, helps us spot real breakouts vs. fake-outs, and gives us the confidence to act with clarity and discipline.
Thanks again for all the support, your likes, comments and follows.
MR GOLD
GOLDVIEWFX
