GoldViewFX - MONTHLY CHART UPDATE

Hey Everyone,

This is the long term Monthly chart outlook and setup, which we shared before and following. I wanted to share this again to show how the monthly candle is at the retracement zone testing the ascending trendline.

We would like this level to be supported to see another strong Bull run. A break of this trendline and we will enter into the monthly chart swing range, which can mean a ranging market for a while. Something to keep an eye on and as always rest assured we are ready to adapt and trade the different market conditions, as proven at premier.

The trendline is being supported and we have a EMA5 cross MA21 with a floating candle. This confirms a move above the floating candle. If you look at the historical data whenever EMA5 crosses MA21 with a floating candle, although we may see a retracement it follows with a bigger trend break out above the floating candle.

This setup needs to be inline with the trend with MA50 with the trend and not against. This confirms our long term plans to remain BULLISH for GOLD using dips in prices to buy; using our shorter timeframe setups to safely navigate the swings, keeping in mind the overall direction!

BULLISH TARGETS
1974, 2075

RETRACEMENT TARGETS
1856, 1777

SWING RANGE
1684

As always we will keep this chart updated with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
XAUUSD TOP AUTHOR