GOLD WEEKLY CHART MID/LONG TERM PROJECTION UPDATE

21 Jan

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.

We have now updated the Goldturn ascending channel range on this chart to line up with the new Goldturns but kept the levels the same to show the accuracy of the data and projection.

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

Last week we saw price reject on the Axis level to find support on the swing range for the bounce. This is a crucial test and will confirm support and back to testing the Axis level for a break and lock to open the range above for a channel half line test.

Failure to break above the 2048 Axis level will see price retest the swing range for a full channel bottom retest.

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.

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

MR GOLD
XAUUSD TOP AUTHOR