Gold - This is the official top!

Gold - GOLD - might top out soon:

(click chart above to see the in depth analysis👆🏻)

Since Gold confirmed its rounding bottom in 2019 it rallied more than +200%. Especially the recent push higher has been quite aggressive, squeezing all bears. But now Gold is somehow unable to create new all time highs, which could constitute the a top formation.

Levels to watch: $3.500, $3.000

Keep your long term vision🙏🙏
Philip (BasicTrading)

Trade active

🪙Gold (GOLD) is shifting bearish:

🔎Analysis summary:

For almost four months in a row, Gold has been consolidating. After the final blow off rally of about +30%, such a consolidation offers a great opportunity to sell existing positions. Subsequently there is a very high chance that Gold will soon correct.

📝Levels to watch:

$3.500

🙏🏻#LONGTERMVISION
Philip - Swing Trader

4 days ago

Trade closed: target reached

🪙Gold (GOLD) is still undecided:

🔎Analysis summary:

Gold is still trading at the exact same level as it was four months ago. And so far a bullish breakout is not totally unlikely. However just looking at the overextended rally, a correction is quite likely and Gold could create a first move lower accordingly.

📝Levels to watch:

$3.500

🙏🏻#LONGTERMVISION
Philip - Swing Trader

basictradingtv

SwingTrading.Simplified.

Free: SwingTrading-Academy👇🏻
discord.gg/jgdrYXwqyD

#LONGTERMVISION

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basictradingtv

SwingTrading.Simplified.

Free: SwingTrading-Academy👇🏻
discord.gg/jgdrYXwqyD

#LONGTERMVISION

Also on: