WEEKLY CHART MID/LONG TERM ROUTE MAP

1 Dis

Hey Everyone,

This is an update on the weekly chart idea we have been tracking for over a month now and playing out exactly like we analysed.

Last week we stated that this chart allowed us to project the long term corrections and direction. We were able to track our bullish targets until no ema5 lock to confirm rejection into the retracement range below for the correction.

We also remined everyone that we had been suggesting over the last few weeks that we will be looking for the channel top and the retracement range to provide the support for a reactional bounce.

- This played out perfectly last week with the weekly candle testing the channel top and then wicked out for the support and bounce like we analysed.

Overall the channel top is providing the support like we analysed. Although we saw candle body closes below the channel there was no ema5 break into the channel, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.

We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future..

Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX