Goldviewfx

GoldViewFX - MONTHLY CHART UPDATE

OANDA:XAUUSD   Or / Dollar Américain
Hey Everyone,

Please see updated monthly chart setup.

Not much to update on this chart but wanted to repost it to remind everyone of the EMA5 detachment. This month's candle opening left a big EMA5 detachment. If we see this detachment get attached over the course of this month then EMA5 will not lock below 1776 and turn above 1776. We highlighted a similar setup historically on the chart. We still need to keep in mind the candle body close last month below this level, as it still increases chances of a 1679 challenge.

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. However, we always keep in mind our long-term plans.

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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