Hey Everyone,
On the weekly timeframe, price action is currently consolidating within a defined range between the 4627 Goldturn support and the 4882 Goldturn resistance levels.
The market structure reflects a broader consolidation phase, with price respecting these key boundaries. As long as the 4627 support level holds with ema5, the probability remains for a continued push toward the 4882 resistance, where price may look to test the reaction zone.
Key confirmations to monitor:
A weekly candle body close above or below these levels and/or 5 EMA cross and lock above or below to confirm direction.
This will help determine whether the market is preparing for a breakout into a new range or continuation within the current structure.
From a structural perspective, the Goldturn ascending channel remains relevant.
A confirmed move beyond either boundary, supported by channel structure, will provide clearer direction for the overallall long term trend.
We will continue to track weekly developments and update accordingly as price action evolves.
Mr Gold
On the weekly timeframe, price action is currently consolidating within a defined range between the 4627 Goldturn support and the 4882 Goldturn resistance levels.
The market structure reflects a broader consolidation phase, with price respecting these key boundaries. As long as the 4627 support level holds with ema5, the probability remains for a continued push toward the 4882 resistance, where price may look to test the reaction zone.
Key confirmations to monitor:
A weekly candle body close above or below these levels and/or 5 EMA cross and lock above or below to confirm direction.
This will help determine whether the market is preparing for a breakout into a new range or continuation within the current structure.
From a structural perspective, the Goldturn ascending channel remains relevant.
A confirmed move beyond either boundary, supported by channel structure, will provide clearer direction for the overallall long term trend.
We will continue to track weekly developments and update accordingly as price action evolves.
Mr Gold
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 t.me/GoldView_FX
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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We never DM first
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
We never DM first
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.