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 the channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
- This played out perfectly allowing us to use our smaller timeframe to buy dips and 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 will also keep in mind the potential for temporary short term resistance at the channel top.
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 the channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
- This played out perfectly allowing us to use our smaller timeframe to buy dips and 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 will also keep in mind the potential for temporary short term resistance at the channel top.
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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