GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATE

Hey Everyone,

This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected.

So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time.

Our long term swing range gave the perfect swing into hitting all our bullish targets with our last target hit at 2313.

We are now seeing price break out of the channel with a candle body close gap open to 2360.
However, we will need to see ema5 break out of the channel for further continuation above the channel with 2438, as our long range/term target. Failure of ema5 to break outside the channel will see price back into the channel for the channel half line challenge, as the new updated swing range.

We need to keep the above in mind and continue with our plans to buy dips using our smaller timeframes, which will allow us to safely take the bounces from support.

Buying dips allows us to safely manage any swings rather then chasing the bull from the top

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

MR GOLD
XAUUSD TOP AUTHOR