GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP

Hey Everyone,

Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.

Previously we stated that the channel top was continuing to provide support like we stated for the past few weeks and. as long as we see no ema5 cross and lock below into the channel, we can safely continue with our plans to buy dips in this range.

- This is continuing to play out perfectly. You can see although we had many breaks into the channel with candle over the last few weeks, ema5 failed to break inside, confirming the rejection and providing support above the channel like we stated.

Last week we stated that the bounce from the channel was playing out, as analysed and now heading towards our 2729 AXIS gap target above.

- This was hit perfectly completing this target. We now have a candle body close above 2729 opening long range/term gap at 2856 and will need ema5 lock to further confirm this.

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