Gold Spot / U.S. Dollar
Long
Updated

$XAUUSD GOLD

1 855
Gold is putting on his best performance in the last few years.
In these phases, very often we can see an acceleration of movement
I also don't rule out the possibility that we break the channel up.
Gold remains a protective asset, and I want to say that this is not the top yet; now, every correction is a new entry point.
The question is, where will it be?
We will break this upward channel from below, stay under it for a while, and then go for new tops.

Now that all amateurs are convinced that everything is moving in the channel, we will break the channel down, and we need to go short. At the expense of these short positions, we will update the ATH. In 2025, I think it would be too easy.


Best regards EXCAVO


_____________________

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
to ATH
Note
3600

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.