Hey Everyone,
This week we are reviewing the WEEKLY CHART using our proprietary Goldturn Channel, our unique method for identifying key channel ranges and directional bias.
At present, weekly candles are trading within a defined range, with a gap resistance above at 5104 and support below at 4882. Price action continues to move between these two key levels, suggesting the market is currently in a consolidation phase within the broader trend.
Our primary focus will be on a confirmed break of either boundary. A valid breakout will be determined by either:
A strong candle body close beyond the level, or
An EMA5 lock above or below the level confirming momentum in that direction.
A break above 5104 could open the door for the next bullish range expansion, while a break below 4882 would signal a temporary downside move into the next lower range.
Despite possible short-term pullbacks, our long-term bias on gold remains bullish. We will continue to view any controlled declines as strategic opportunities to accumulate positions at better prices.
For precise trade management, we will rely on our lower timeframe chart ideas to cherry-pick entries and exits, aligning them with the broader structure identified on the weekly chart.
We will continue to monitor price behaviour around these levels and keep the community updated as this chart idea unfolds.
Mr Gold
This week we are reviewing the WEEKLY CHART using our proprietary Goldturn Channel, our unique method for identifying key channel ranges and directional bias.
At present, weekly candles are trading within a defined range, with a gap resistance above at 5104 and support below at 4882. Price action continues to move between these two key levels, suggesting the market is currently in a consolidation phase within the broader trend.
Our primary focus will be on a confirmed break of either boundary. A valid breakout will be determined by either:
A strong candle body close beyond the level, or
An EMA5 lock above or below the level confirming momentum in that direction.
A break above 5104 could open the door for the next bullish range expansion, while a break below 4882 would signal a temporary downside move into the next lower range.
Despite possible short-term pullbacks, our long-term bias on gold remains bullish. We will continue to view any controlled declines as strategic opportunities to accumulate positions at better prices.
For precise trade management, we will rely on our lower timeframe chart ideas to cherry-pick entries and exits, aligning them with the broader structure identified on the weekly chart.
We will continue to monitor price behaviour around these levels and keep the community updated as this chart idea unfolds.
Mr Gold
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 t.me/GoldView_FX
🪙 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
🪙 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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.