Gold - GOLD - prepares a final rally:

(click chart above to see the in depth analysis👆🏻)
Levels to watch: $3.500
Keep your long term vision!
Philip (BasicTrading)
(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:(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:🔎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
Philip - Swing Trader
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Philip - Swing Trader
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" Community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.