GOLD WEEKLY CHART MID/LONG TERM PROJECTION

28 Apr

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.

LAST UPDATE
Price has maintained above the channel with our final long range target at 2438 still remaining. The extended levels 2475 and 2511 will only activated once we see a close above 2438 .

We would also like to see the price retest support above the channel top also inline with the ema5 detachment highlighted with the circle for a correction. Should price break back into the channel while correction then we will look for price to respect the levels int he channel once again for the bounces inline with our plans to buy dip level to level using our small time frames.

CURRENT UPDATE
This played out perfectly with the test at support above the channel top and detachment to ema5 that we highlighted followed with the perfect bounce allowing us to buy multiple dis using our smaller timeframes throughout the week.
We will continue with this plan until we see a further push up into the levels above or we see price break back into the channel for a further correction for price to respect the levels in the channel once again for the bounces inline with our plans to buy dip level to level using our smaller times.

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 AUTHO