GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our week chart idea, which has been playing out perfectly allowing us to track the movement down and trade the movement up.
Prior to last week, we stated that we had no close above 3094 on the weekly candle, which confirmed the rejection. This weeks candle gave the move into the channel half line, just like we stated and provided the support and bounce into 3094 and 3189. We now have a body clos above 3189 leaving a long range/term gap to 3281
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
