GoldViewFX - MONTHLY CHART LONG TERM OUTLOOK

Hey Everyone,

Please see update on the monthly chart idea that we have been tracking for a few months now. The Goldturn channel (our own unique way to draw channels) is also being respected throughout.

Please see last update below, which is still valid for the new current month, as we will have a new monthly candle start today with ema5 testing the channel half line, a crucial dynamic support. This months candle will determine the lock below for the lower targets or a rejection here for a push up.

LAST UPDATE
Last time we stated we have a new candle for the month with a small ema5 detachment below highlighted with the circle also inline with the channel half line support - This has played out well with the half line being tested now and may also provide a few bounces to take advantage of, when using our smaller timeframes to buy dips.

Chart look bearish short term with a long term bullish outlook, as both bearish target (detachment and channel half-line) areas have potential for a nice bounce up.

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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