GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP

Hey Everyone,

Gold continues to respect the broader long term structure, with price now testing the lower boundary of the weekly channel with notable precision. This area remains a key technical decision zone, and current price action suggests the market is attempting to establish a reaction from channel support.

At this stage, we expect the channel floor to produce a bounce scenario, with the potential for a long term reactional move back toward the 4763 retest zone. As long as price remains supported above the key structural floor, the broader bullish outlook remains intact.

However, if the channel support fails to hold, the next major support region comes in around 4462 and 4338. This level aligns closely with the same broader channel floor zone, adding further technical confluence and making it an important area for swing.

A decisive weekly body close below 4462 and 4338 would open the door for a deeper corrective phase and expose the lower range. Even in that scenario, we continue to view the lower Goldturns support regions as major long term value zones aligned with our broader strategy of buying dips within the macro bullish structure.

For now, the focus remains on how price reacts level to level from this support region. We will continue tracking the movement closely across the lower time frame chart ideas and provide updated confirmations as the market develops.

Mr Gold