This chart is also playing out our long-term plans for Gold. MA50 provided the dynamic support for the push up we projected with half the target already done.
We are now seeing a new Goldturn form at 1704. However, we will need to see the month close to lock the Goldturn. Once 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.
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!
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