GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAP

Hey Everyone,

We’ve just released our new Monthly Chart idea, which we’ll now be tracking following the successful completion of our previous long term monthly chart idea. That one played out beautifully, and now it’s time to shift focus to the next big setup.

Currently, price is trading above the channel midline, and we’ve also seen an important EMA5 cross and lock above 3099, with a candle body close confirming a long term gap above at 3557.

While this confirms the bullish long term structure, we’re also mindful of the potential for a short term retracement, particularly around the EMA5 detachment zone (highlighted with a circle on the chart). This would offer a healthy dip opportunity, aligning perfectly with our strategy to buy into weakness on the way up.

For the bigger structure to remain intact, we’ll be looking for 3099 to continue holding as key structural support. As long as that level is respected, the long term gap toward 3557 remains firmly in play.

This is a higher timeframe idea that we’ll be building on as structure continues to unfold.

We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend.

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