GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOK
Hey Everyone,
We have been tracking this monthly chart since OCTOBER 16TH.
This chart is also playing out our long-term plans for Gold. MA50 provided the dynamic support for the push up with more than half the targets already done and, as you can see from our projected bars, this is playing out, as analysed and planned.
We identified 1704 Goldturn on our last review of this chart, which we were waiting on for the lock. This locked with the new month which provided the momentum for the break into 1800 plus. There is a EMA5 detachment on this monthly chart close to 1750, which we need to keep in mind for a potential retracement zone when planning buys from dips on our smaller time frames. 1865 is our mid to long-term projection on the monthly chart.
LAST UPDATE NOVEMBER 13TH
Once 1704 locked it will confirm a bigger push up into 1800 and beyond and also confirm our long-term Bullish stance for Gold. Please note this is the monthly chart, so we will see some up and down movement on the shorter timeframes in-between for us to track and trade.
-THIS PLAYED OUT TO PERFECTION
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
We have been tracking this monthly chart since OCTOBER 16TH.
This chart is also playing out our long-term plans for Gold. MA50 provided the dynamic support for the push up with more than half the targets already done and, as you can see from our projected bars, this is playing out, as analysed and planned.
We identified 1704 Goldturn on our last review of this chart, which we were waiting on for the lock. This locked with the new month which provided the momentum for the break into 1800 plus. There is a EMA5 detachment on this monthly chart close to 1750, which we need to keep in mind for a potential retracement zone when planning buys from dips on our smaller time frames. 1865 is our mid to long-term projection on the monthly chart.
LAST UPDATE NOVEMBER 13TH
Once 1704 locked it will confirm a bigger push up into 1800 and beyond and also confirm our long-term Bullish stance for Gold. Please note this is the monthly chart, so we will see some up and down movement on the shorter timeframes in-between for us to track and trade.
-THIS PLAYED OUT TO PERFECTION
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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