Gold (GC1!) has been one of the most beautifully trending markets over the past two years — a textbook example of structure, momentum, and clean technical behaviour. We’ve been following it closely since February 2024, and every markup and re-accumulation phase has respected the 5 / 10 / 20 / 50 MA stack perfectly.
Now, price has reached the key $4 000 zone after yet another powerful rally leg. The big question: are we seeing a blow-off top forming, or is this simply another launch pad before the next expansion higher?
Personally, I think we might need a flush toward the 50 MA (orange) to reset momentum and shake out late buyers before any real continuation. That said, I won’t even think about shorts unless the Daily closes below the 20 MA — the trend is still firmly bullish until proven otherwise.
Let’s be honest though… this is where everyone suddenly becomes a top-caller, trying to outsmart a two-year uptrend 🤦♂️. We just keep it simple — follow the chart, trust the EMAs, and stay bullish until the structure actually breaks down.
Key points:
• Daily trend remains bullish with EMAs cleanly stacked.
• A healthy pullback toward the 50 MA could reset momentum.
• Short bias only valid after a Daily close below the 20 MA.
• Holding above 20 ma keeps continuation structure intact.
• Bias remains bullish until proven otherwise.
Questions for you:
1. Do you think this is the final blow-off or just another launch pad before 5K?
2. How far do you see this pullback going — 20 EMA bounce or full flush to the 50 EMA?
3. Are you still riding the trend, or are you one of the many trying to call the top too early?
Now, price has reached the key $4 000 zone after yet another powerful rally leg. The big question: are we seeing a blow-off top forming, or is this simply another launch pad before the next expansion higher?
Personally, I think we might need a flush toward the 50 MA (orange) to reset momentum and shake out late buyers before any real continuation. That said, I won’t even think about shorts unless the Daily closes below the 20 MA — the trend is still firmly bullish until proven otherwise.
Let’s be honest though… this is where everyone suddenly becomes a top-caller, trying to outsmart a two-year uptrend 🤦♂️. We just keep it simple — follow the chart, trust the EMAs, and stay bullish until the structure actually breaks down.
Key points:
• Daily trend remains bullish with EMAs cleanly stacked.
• A healthy pullback toward the 50 MA could reset momentum.
• Short bias only valid after a Daily close below the 20 MA.
• Holding above 20 ma keeps continuation structure intact.
• Bias remains bullish until proven otherwise.
Questions for you:
1. Do you think this is the final blow-off or just another launch pad before 5K?
2. How far do you see this pullback going — 20 EMA bounce or full flush to the 50 EMA?
3. Are you still riding the trend, or are you one of the many trying to call the top too early?
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.
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.