Gold - The diligent top formation!

30 Jul

🏆Gold (GOLD) finished the bullrun:

🔎Analysis summary:

For the past 10 years, Gold has been trading in a very strong expected bullrun. Just like we witnessed it in 2011, a 10 year bullrun is followed by a shorter term bearmarket. Gold is starting to lose its strength, which is a clear sign of weakness and the beginning of a bearish reversal.

📝Levels to watch:

$2.800

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

7 Ogo

Dagangan aktif

🏆Gold (GOLD) might break out soon:

🔎Analysis summary:

Yes, over the past 80 trading days, Gold has overall been consolidating. But as we are speaking, Gold is once again approaching the previous all time high. This could very well lead to a breakout soon, especially if Gold now creates bullish confirmation.

📝Levels to watch:

$3.500

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

14 Ogo

Dagangan ditutup: sasaran tercapai

🏆Gold (GOLD) is still undecided:

🔎Analysis summary:

For the past quarter, Gold has been retesting a major horizontal resistance at the previous all time high. It is still not clear whether Gold will break out soon or create the long term top formation. So far, both scenarios remain still possible.

📝Levels to watch:

$3.500

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION