GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOKHey Everyone,
Please see our Monthly chart idea which we have been tracking over the last few months. We completed all our bull targets with our final target hit last week highlighted by the circle zone we heighted on the chart. This played out to perfection!!!
Price fell just short of the ATH target test. This is a longer range/term projection so expect swings in between.
We stated on last months candle close the potential of a detachment ,which will require some retracement. We need to keep this in mind for potential drops to complete the detachment.
Price is now at a critical zone and we must tread carefully now. A test to ATH is likely and either a new ATH will be created or a big tank down. We will use our smaller timeframes to track the movement level to level.
We were able to track and trade this entire movement using our smaller timeframes for entries and exits. We identified the swing from the support all the way up to our test zone target that we have been reminding you all every time we updated this chart. This open target gave us the confidence over the last few months to buy dips. The swings we had below we also highlighted, as detachments that were completed and provided the dynamic support for a push up each time.
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
XAUUSD TOP AUTHOR
