GoldViewFX - WEEKLY CHART MID TO LONG TERM PROJECTION

Hey Everyone,

Please see our last update on this chart last week below to get a understanding of how we are tracking this.

We are in same position as last week as price hit our targets on the smaller timeframes and dropped back in the range again. We are once again at critical support area on the weekly chart highlighted with a circle.

As stated before, this is a crucial support test area, where we will either see a strong bullish movement up from this level or a break and lock with ema5 will open the range below.

Please don't forget to like, comment and follow to support us, we really appreciate it!

MR GOLD


LAST UPDATE
Hey Everyone,

Please see our weekly chart long term projection that we have been tracking for a while now.

We have been tracking this chart for a while bouncing up and down between support and resistance and also respecting the Goldturn channel (Our unique way to draw channels)

EMA5 and price is now testing the channel bottom, although price broke out of the channel we saw a wick out with a bullish candle finish last week. This is a crucial test, where we will either see a strong bullish movement up from this support or a break and lock with ema5, as its hovering on the channel support. A cross and lock outside of the channel will open the range below, with Goldturns 1894 and 1877 on the horizon.

We will continue with our plans to buy dips using our smaller timeframe analysis, however we will keep in mind the range below, as we manage our long term risk and exposure. If we expose prematurely in a range, we will safely exit and re apply our strategy from the lower range and work our way up using our weighted level breaks on the 1h and 4h charts.

We will continue to track this using our smaller timeframes.

Please don't forget to like, comment and follow to support us, we really appreciate it!

MR GOLD