Hey Everyone,
Following up on last week’s chart update, we saw another perfect test of the channel top, right in line with our Goldturn Channel expectations. The new weekly candle completed the channel top challenge with precision.
Our weekly chart idea is now playing out perfectly. We continued to get strong support above 3281, followed by another hit onto the 3387 channel top. But this time, we got something new: a body close above 3387, which confirms the gap to 3482 as active. We’ll now look for that 3482 target to be hit, ascending inline with the channel top.
Any rejection around these upper levels will likely see price retrace to find support at lower Goldturn levels. These are opportunities we’ll be watching closely to buy back in.
Price action remains well-contained between 3281 and 3387, but with that recent close above 3387, we’re now shifting focus toward higher expansion. The structure is rising, and the channel is guiding price beautifully, offering more room for smart, calculated positioning.
As long as we hold above the half-line and especially above 3281, we stay in buy-the-dip mode, favouring long setups from intraday Goldturn zones for quick 20–40 pip scalps or more extended swing entries when structure permits.
Should we see a failure to maintain above 3387 or a close back below 3281, we’ll reassess potential movement toward the lower channel boundary. Until then, the structure remains bullish within the channel and price is following our path perfectly.
The Goldturn methodology continues to prove its worth, cutting through noise, filtering out the fake outs, and keeping us on the right side of the market.
Stay sharp, stay patient.
MR GOLD
GOLDVIEWFX
Following up on last week’s chart update, we saw another perfect test of the channel top, right in line with our Goldturn Channel expectations. The new weekly candle completed the channel top challenge with precision.
Our weekly chart idea is now playing out perfectly. We continued to get strong support above 3281, followed by another hit onto the 3387 channel top. But this time, we got something new: a body close above 3387, which confirms the gap to 3482 as active. We’ll now look for that 3482 target to be hit, ascending inline with the channel top.
Any rejection around these upper levels will likely see price retrace to find support at lower Goldturn levels. These are opportunities we’ll be watching closely to buy back in.
Price action remains well-contained between 3281 and 3387, but with that recent close above 3387, we’re now shifting focus toward higher expansion. The structure is rising, and the channel is guiding price beautifully, offering more room for smart, calculated positioning.
As long as we hold above the half-line and especially above 3281, we stay in buy-the-dip mode, favouring long setups from intraday Goldturn zones for quick 20–40 pip scalps or more extended swing entries when structure permits.
Should we see a failure to maintain above 3387 or a close back below 3281, we’ll reassess potential movement toward the lower channel boundary. Until then, the structure remains bullish within the channel and price is following our path perfectly.
The Goldturn methodology continues to prove its worth, cutting through noise, filtering out the fake outs, and keeping us on the right side of the market.
Stay sharp, stay patient.
MR GOLD
GOLDVIEWFX
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or
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🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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t.me/GoldviewFX
or
email goldviewfx@gmail com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.