GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOK

Hey Everyone,

Please review the full plan that was shared below on last weeks update. The only new thing to add to this, is the fact that we have a big detachment below to EMA5. We may see some big swings to attach price to ema5 and then continue with the bullish move again. We will need to keep this in mind throughout the month, while trading the intraday movements on the shorter timeframes and manage our risk accordingly to absorb any potential swings.

LAST WEEKS UPDATE
After tracking and trading our previous monthly chart idea over the last few months and smashing all our targets, we have now updated the monthly chart idea with a new updated long range/term target at 2185 AXIS.

Price is currently at a crucial part of the range testing and playing on the axis trendline. We will need to see price close above the axis trendline this month to open the range above. Ema5 cross above the axis trendline will further support the movement. If we see price and EMA5 play under the AXIS trendline then we can expect price to test 1865 Goldturn for a retest and to establish support for a bounce.

We will now use the smaller timeframes to track and trade the movement level to level keeping our long ter chart idea idea in mind.

We will continue with our plans to buy dips, as our long term projection still remains Bullish with plans for another ATH challenge and break with play into a new range for Gold. Ema5 break above the axis trendline will potentially secure movement into the new ATH range.

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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