May 2018 $XAUUSD Monthly Chart
Updated
This is the monthly chart for GOLD. We are on the journey to IMPULSE WAVE 3. Target range between 1588 to 1655.
Price is at monthly trend line support area. If it bounce this, it will have to break thru the monthly resistance area between 1350 to 1370. If it breaks higher, we are on the way to 1400
Happy Trading :)
--------------------------------------------
Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
Price is at monthly trend line support area. If it bounce this, it will have to break thru the monthly resistance area between 1350 to 1370. If it breaks higher, we are on the way to 1400
Happy Trading :)
--------------------------------------------
Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
Trade active
We are still in PLAY. The Weekly chart is still holding the support and we are heading for a uptrend in the long term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.