Hey Everyone,
Following up on last week’s chart update, we saw another perfect test of the channel top, right in line with our Goldturn Channel expectations. The new weekly candle completed the channel top challenge with precision, once again confirming the strength of our resistance levels.
As anticipated, the rejection came in cleanly, followed by a correction into EMA5 detachment, which halted just short of the 3281 level, a crucial axis we've been tracking for multiple weeks. This level continues to act as firm support, holding price within an evolving range.
We’re now seeing price action contained between 3281 and 3387, with potential for expansion higher as the ascending channel continues to rise. This expanding structure offers more room for strategic positioning, especially as price coils tighter within the upper band.
The 3387 gap remains active and is an obvious magnet if momentum builds. As long as we stay above the half line and especially above 3281, we remain in buy the dip mode, favouring long setups off our intraday Goldturns for quick 20 40 pip scalps or swing entries when conditions align.
Should we see a deeper pullback or close below 3281, we’ll reassess potential movement toward the lower channel boundary. Until then, the structure remains bullish within the channel.
The Goldturn methodology continues to prove its worth, cutting through noise and keeping us aligned with the real structure of the market.
Stay sharp, stay patient.
MR GOLD
GOLDVIEWFX
Following up on last week’s chart update, we saw another perfect test of the channel top, right in line with our Goldturn Channel expectations. The new weekly candle completed the channel top challenge with precision, once again confirming the strength of our resistance levels.
As anticipated, the rejection came in cleanly, followed by a correction into EMA5 detachment, which halted just short of the 3281 level, a crucial axis we've been tracking for multiple weeks. This level continues to act as firm support, holding price within an evolving range.
We’re now seeing price action contained between 3281 and 3387, with potential for expansion higher as the ascending channel continues to rise. This expanding structure offers more room for strategic positioning, especially as price coils tighter within the upper band.
The 3387 gap remains active and is an obvious magnet if momentum builds. As long as we stay above the half line and especially above 3281, we remain in buy the dip mode, favouring long setups off our intraday Goldturns for quick 20 40 pip scalps or swing entries when conditions align.
Should we see a deeper pullback or close below 3281, we’ll reassess potential movement toward the lower channel boundary. Until then, the structure remains bullish within the channel.
The Goldturn methodology continues to prove its worth, cutting through noise and keeping us aligned with the real structure of the market.
Stay sharp, stay patient.
MR GOLD
GOLDVIEWFX
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 t.me/GoldView_FX
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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🏆MESSAGE US FOR VIP SIGNALS🏆
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or
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🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.