GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATE
Hey Everyone,
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months.
The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which last weeks price action provided on the channel bottom followed with our 2048 Axis target hit.
We now have a candle body close above 2048 axis level confirming further play within the channel. Ema5 cross and lock above 2048 axis will further confirm movement to challenge 2092 and the channel half-line.
We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
MR GOLD
This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months.
The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which last weeks price action provided on the channel bottom followed with our 2048 Axis target hit.
We now have a candle body close above 2048 axis level confirming further play within the channel. Ema5 cross and lock above 2048 axis will further confirm movement to challenge 2092 and the channel half-line.
We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend all!
MR GOLD
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