GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAP

26 мая

Hey Everyone,

We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range

LAST WEEKS UPDATE
We got the test at 2421 completing the gap from last week and our monthly chart idea and now the detachment below has also moved up with the momentum of the movement last week closing the gap further like we said above. We now only have 2483, as our long term extended target on this chart idea left.

CURRENT UPDATE
We saw price take a drop last week inline with the longer term correction we were looking for on this monthly chart.

While chasing the bull on our smaller timeframe over the last few months we kept in mind the detachment every week on this chart reminding our followers, with the highlighted circle keeping in mind the market can throw this curve ball at anytime due to the detachment below and to manage risk according in the range due to the wider available range.

Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above.

We still remain Bullish and will only safely take buys from support levels.

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
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