Please see the daily chart setup we have been tracking for a while playing out perfectly. We had a daily chart close above 1790, which opens our long-term daily chart target to 1856. However, we would like to see EMA5 cross 1790 to confirm and solidify the direction to the next target.
Our long-term stance is Bullish, keeping in mind any big swings to be maintained within the long-term swing range. If we see any short-term swings, we can only see lows of 1747 otherwise a strong Bullish structure.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GVFX's solid and consistent stance on a long-term bullish outlook has paid huge dividends for traders buying the dips on VIP. Whilst other so-called gurus and analysts have chopped and changed (chopping up many following them in the process) or been aggressively bearish for the best part of the year, Mr Gold has been a sole but sane voice in the market. Thanks!