Gold - The bullrun is over today!

Oct 23

💰Gold (GOLD) creates a massive top:

🔎Analysis summary:

Starting all the way back in 2015, Gold created a major rounding bottom pattern. After the breakout, Gold started its major bullrun, rallying about +300% over the past couple of years. But after this rally, Gold is now showing clear signs of a serious top formation.

📝Levels to watch:

$4,000

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

Oct 31

Trade active

💰Gold (GOLD) perfectly reverses now:

🔎Analysis summary:

After a 10 year rally starting back in 2015, Gold is now perfectly rejecting a major resistance. Just keep in mind though that these bullrun reversals always take time and a lot of back and forth. But over the course of the next weeks, I expect a reversal.

📝Levels to watch:

$4,000

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

Nov 10

Trade closed: target reached

💰Gold (GOLD) is nicely playing out:

🔎Analysis summary:

Yep, Gold is right now heading higher and targeting the previous all time highs. But you have to keep in mind that we just witnessed a major bearish rejection wick, which shows clear selling pressure. Eventually, Gold will create a major top formation here.

📝Levels to watch:

$4,000

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