GoldViewFX - Gold long term projection and plan.

3 thg 12, 2023

Hey Everyone,

Please see our monthly chart update, which we have been tracking for a number of months now. This chart idea with our long term and range targets have been playing out perfectly allowing us to use the smaller timeframes to pick the entries and exits.

Current update - We have a immediate gap to 2080 and then 2063 for the channel top test. We also have a long range retracement zone close to 1987, also inline with a ema5 detachment highlighted with a circle.

Please review the previous updates below to keep you all in the loop on how this chart idea has been tracking since posting.

LAST UPDATE - We are seeing the month candle staying above the 1987 level and would now need to see the month candle close above this level for the target above to open for the all time high target challenge we have highlighted.

- This is running on course from testing support to now with the push up half way through our targets. Currently testing first level of resistance and, as such can expect swings on our smaller timeframes to manage entries and exits.


LAST UPDATE

We can see our channel is still being respected with the bounce just short of the channel bottom for the push up heading towards the channel half-line. If we see a close above the channel half line this month then we are likely to see the targets above to test the channel top this quarter.

What's our long term plan???
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.

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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