Hey Everyone,
Our weekly chart finally broke out of the Goldturn ascending channel on the level we highlighted. We highlighted the target swing range that we expected the drop to, if the channel broke, which played out.
We expect a reaction on this level of support also very close to ma200, which may act as dynamic support.
Overall by zooming out, we are still in a long term bullish structure on this weekly chart and therefore our plans to buy from dips will allow us safely to fall back in the wave when the market turns. Buying dips allows us to safely take the bounces and trade with the long term trend and against the short term trend.
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
Our weekly chart finally broke out of the Goldturn ascending channel on the level we highlighted. We highlighted the target swing range that we expected the drop to, if the channel broke, which played out.
We expect a reaction on this level of support also very close to ma200, which may act as dynamic support.
Overall by zooming out, we are still in a long term bullish structure on this weekly chart and therefore our plans to buy from dips will allow us safely to fall back in the wave when the market turns. Buying dips allows us to safely take the bounces and trade with the long term trend and against the short term trend.
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
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