GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAP
Hey Everyone,
We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans we felt we needed to share a new update on this chart.
2483 target was completed perfectly last month leaving a detachment below to ema5, which was nearly complete on the drop earlier this week and is good enough for a correction.
2536 is our final long range/term target on this chart idea and we will look to continue to buy dips using our smaller timeframe ideas rather then chasing the bull form the top.
Currently we are looking for another likely retest at 2483 and a close above this level will confirm our final target above.
Although the correction to the detachment below is nearly complete, we still need to take caution and keep in mind the small gap for the full correction. This can also be self corrected with bullish momentum by pulling up ema5, as the detachment is only small after the brutal correction earlier this week.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans we felt we needed to share a new update on this chart.
2483 target was completed perfectly last month leaving a detachment below to ema5, which was nearly complete on the drop earlier this week and is good enough for a correction.
2536 is our final long range/term target on this chart idea and we will look to continue to buy dips using our smaller timeframe ideas rather then chasing the bull form the top.
Currently we are looking for another likely retest at 2483 and a close above this level will confirm our final target above.
Although the correction to the detachment below is nearly complete, we still need to take caution and keep in mind the small gap for the full correction. This can also be self corrected with bullish momentum by pulling up ema5, as the detachment is only small after the brutal correction earlier this week.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
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