GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAP

6 hari lalu

Hey Everyone,

This is the monthly chart idea for our long term/range analysis, which we shared in September. We have now completed two bull targets and stated both months left a big detachment to ema5 which needed a well overdue correction.

This monthly chart detachment is now complete, as highlighted by the circle on the chart. This now provided the support and bounce allowing us to buy dips inline with our plans.

Our 1H and 4h Charts have completed all bearish targets and now broken through all support. However with the breakout below, each of our weighted levels gave the 30 to 40 pip bounces just like we said.

This area is a strong level of support with ema5 providing dynamic support now for a bounce. Each of the lower Goldturn levels below are likely to give re-actional bounces just like our shorter time frame ideas.

However, we will keep in mind the channel top that may require a support test and will use all support structures across all our multi time frame chart ideas to buy dips also keeping in mind our long term gap above. Short term we may look bearish but looking at the monthly chart allows you to see the bigger picture the overall long term Bullish trend.

We will update our Multi timeframe route map with updated levels on Sunday.

As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!

Mr Gold
GoldViewFX