GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOK
Hey Everyone,
Quick update on the MONTHLY CHART long term outlook.
Last time we were viewing this chart price was aggressively in the SWING RANGE, we can now see the swing range did what it says on the TIN with the monthly candle wicking out on the swing range, maintaining the long term structure.
THIS REMINDER WAS POSTED LAST TIME
"I wanted to remind everyone the monthly candle has the full potential to retrace up before the month end and still maintain the ascending trendline. This has happened before and is always a possibility on the monthly chart. Its not over till the month is over."
This played out like we anticipated.
The volatility in this market condition can take out buyers and sellers, if margin and risk is not managed according to the sizes of the potential range. There's buys and sells to be taken but without learning and knowing how to manage swings can play havoc with a traders psychology.
As always we will keep you all updated with any changes to our plans throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Quick update on the MONTHLY CHART long term outlook.
Last time we were viewing this chart price was aggressively in the SWING RANGE, we can now see the swing range did what it says on the TIN with the monthly candle wicking out on the swing range, maintaining the long term structure.
THIS REMINDER WAS POSTED LAST TIME
"I wanted to remind everyone the monthly candle has the full potential to retrace up before the month end and still maintain the ascending trendline. This has happened before and is always a possibility on the monthly chart. Its not over till the month is over."
This played out like we anticipated.
The volatility in this market condition can take out buyers and sellers, if margin and risk is not managed according to the sizes of the potential range. There's buys and sells to be taken but without learning and knowing how to manage swings can play havoc with a traders psychology.
As always we will keep you all updated with any changes to our plans throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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