GoldViewFX - MONTHLY CHART LONG TERM GOLD OUTLOOK

Hey Everyone,

Quick update on the MONTHLY CHART long term outlook.

Although price is aggressively in the SWING RANGE, EMA5 is still above the retracement range of 1777 and therefore the long term structure is still intact.

As mentioned before historically price was able to challenge the 1684 swing range while ema5 staying supported above 1777. I wanted to remind everyone the monthly candle has the full potential to retrace up before the month end and still maintain the ascending trendline. This has happened before and is always a possibility on the monthly chart. Its not over till the month is over.

The volatility in this market condition can take out buyers and sellers, if margin and risk is not managed according to the sizes of the potential range. There's buys and sells to be taken but without learning and knowing how to manage swings can play havoc with a traders psychology.

As always we will keep you all updated with any changes to our plans throughout the day. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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