GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP

Hey Everyone,

After tracking and completing our last weekly chart successfully we have now updated a new weekly chart idea to track our long term range and targets.

We are currently seeing a candle break above the channel half-line and will need ema5 to co=follow to confirm the break out for a continuation above.

However, we have a 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