GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATE

Hey Everyone,

Please see update on our weekly chart ideas we have been sharing and tracking over the last few months.

We got the swing range test and then tracked the entire move up level to level using our smaller timeframe ideas.

2000 Goldturn was our next stop, only a few pips away but we are done for today and the week - BOOOOOM.

See below our updates over the last two weeks to give our new followers an idea how this was tracked.


THE FOLLOWING HAS PLAYED OUT AS ANALYSED.

Our weekly chart finally broke out of the Goldturn ascending channel on the level we highlighted. We highlighted the target swing range that we expected the drop to, if the channel broke, which played out. We expect a reaction on this level of support also very close to ma200, which may act as dynamic support.

- This played out last week with the ma200 providing the dynamic support also inline with the swing range we stated above for a perfect bounce towards our long term targets.

Overall by zooming out, we are still in a long term bullish structure on this weekly chart and therefore our plans to buy from dips will allow us safely to fall back in the wave when the market turns. Buying dips allows us to safely take the bounces and trade with the long term trend and against the short term trend.

We will now come back Sunday with our multi timeframe analysis, trading plans and updated Gold route map for the coming week.

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

Have a great weekend all!

MR GOLD