Gold - The final resistance breakout!

2 189
Gold - GOLD - prepares a final rally:
snapshot
(click chart above to see the in depth analysis👆🏻)

Over the past 12 months, Gold rallied more than +70%. However the past three months clearly rejected a major horizontal resistance. But price action on the smaller timeframe remains incredibly bullish. Therefore an all time high breakout will most likely follow.


Levels to watch: $3.500

Keep your long term vision!
Philip (BasicTrading)
Trade active
Gold - GOLD - missed the rally breakout:
snapshot
(click chart above to see the in depth analysis👆🏻)

Three months in a row, Gold was not able to create new all time highs. This is clearly a sign that Gold is weakening and might create a top formation soon. Looking at the recent incredible +80% rally, a healthy pullback is actually quite likely.


Levels to watch: $3.500

Philip (BasicTrading)
#LONGTERMVISION
Trade closed: target reached
🪙Gold (GOLD) seems to fail at resistance:
snapshot

🔎Analysis summary:
For the past 80 days Gold has been struggling to create new all time highs. Following the recent quite incredible blow off top rally, there is simply now a higher chance that Gold will create a correction. Although the underlying uptrend remains valid.

📝Levels to watch:
$3.500

🙏🏻#LONGTERMVISION
Philip - Swing Trader

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