GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP

Hey Everyone,

Please see update on our weekly chart idea, that we have been tracking from last week since completing our previous long range/term weekly chart idea.

Last week we stated that we were seeing a candle break above the channel half-line and will need ema5 to follow to confirm the break out for a continuation above. We got the cross and breakout, which gave a nice push up now heading towards 3094 and just fell short leaving this gap open.

We have a small detachment to ema5 lagging also potentially due for a correction. The play range on the weekly chart is 2943 below and 3094 above. We will look for ema5 lock or body close above or below to confirm the next mid to long term range.

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