Hey Everyone,
Please see updated monthly chart setup.
The next few days is crucial before month end to see where we finish off on the monthly candle.
EMA5 cross and lock below 1776 will open 1679, even just a candle body close this month below this level will still strengthen the chances of 1679 challenge. In fact the EMA5 cross and lock below 1776 on the monthly chart can actually create enough momentum to break below 1679. Failure to cross with a new Goldturn just above this level will open the full recovery into high 1800s.
Although last weeks movement due to JHS has skewed the data somewhat, with most charts looking Bearish in the short term, we need to keep in mind the long term trend is still intact and our long term Bullish stance is still in play.
Trading level to level on the shorter timeframes keeps us out of trouble and allows us to trade the range safely without committing to anything long term in these volatile conditions.
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Please see updated monthly chart setup.
The next few days is crucial before month end to see where we finish off on the monthly candle.
EMA5 cross and lock below 1776 will open 1679, even just a candle body close this month below this level will still strengthen the chances of 1679 challenge. In fact the EMA5 cross and lock below 1776 on the monthly chart can actually create enough momentum to break below 1679. Failure to cross with a new Goldturn just above this level will open the full recovery into high 1800s.
Although last weeks movement due to JHS has skewed the data somewhat, with most charts looking Bearish in the short term, we need to keep in mind the long term trend is still intact and our long term Bullish stance is still in play.
Trading level to level on the shorter timeframes keeps us out of trouble and allows us to trade the range safely without committing to anything long term in these volatile conditions.
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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🏆MESSAGE US FOR VIP SIGNALS🏆
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or
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🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
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.