Great finish to the week clearing all bearish targets across all our multi timeframe chart ideas and also allowing us to buy dips from our weighted levels.
This is the weekly chart we have been tracking for over a month now and also shared on Sunday.
This chart played out perfectly with the correction into the retracement range. The channel top and the retracement range are good areas of support for a reaction. However, this weeks close will confirm if we see a candle body close below the retracement range, which will open the swing range and ema5 cross and lock will further confirm this.
We will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.
The new week will likely have a detachment above on the weekly candle so some retracement to the detachment above when created is also likely.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
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