GOLD DAILY CHART ROUTE MAP UPDATE

Oct 5

Daily Chart Update – Goldturn Channel Analysis

Hey Traders,

After successfully completing our previous Daily chart projection, we’re excited to share our latest Goldturn Channel update and Daily chart idea, our proprietary method of identifying structural turning points within Golds ascending channel formation.

Price action has now reached the upper boundary of the Goldturn channel, following a precise move to the 3866 target, triggered by the body close above 3776. With a new body close above 3866, we now have the 3959 gap open.

The 3866 channel top area remains a critical inflection point:

A confirmed EMA5 cross and lock above the channel top would strengthen the bullish breakout structure.

Conversely, an EMA5 rejection or close back below this level may indicate a fake out or short-term exhaustion.

On the downside, 3766 now acts as the nearest dynamic support, while 3683 aligns with the channel midline and remains a key structural pivot should deeper correction unfold.

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX

Oct 12

Trade active

Hey Traders,

Following up on last week’s Daily chart update, what a fantastic week it’s been!

After the body close above 3866, the 3959 target was hit with precision. Price then continued its momentum, securing a further body close above 3859, which opened up 4054, once again reached perfectly, completing this upside target.

From there, we saw a rejection as price failed to achieve a further body close above 4054, confirming short-term exhaustion and establishing our current range between 3959 and 4054.

At this stage, we’ll be watching closely for either a body close or a strong EMA5 lock outside this range to confirm the next directional move. Until then, the market remains in range-bound mode within this critical decision zone.

As always, we’ll continue to monitor price action and provide ongoing updates as new structures develop.

Thank you all for your continued support, likes, and comments, your engagement keeps us going!

Mr Gold
GoldViewFX

Oct 16

Trade closed: target reached

Hey Everyone,
Please see update on our Daily chart idea.

On our last update we stated that we were range bound between 3959 and 4054 and will need candle body close or ema5 cross and lock on either level to open the next level. We got the body close above 4054 opening 4150, which was hit perfectly completing this chart idea.

Mr Gold