Gold - Just Half Way To The Target!

Apr 14

Gold (GOLD) still has a lot more upside potential:



Click chart above to see the detailed analysis👆🏻

Over the past couple of months, we saw an almost incredible breakout rally of about +75% on Gold. However, looking at technicals, there is a quite high chance that Gold will actually rally even more and retest the next upper resistance trendline, which would mean another pump of about +75%.

Levels to watch: $4.000

Keep your long term vision,
Philip (BasicTrading)

7 days ago

Trade active

Trading update on Gold (GOLD):



Click chart above to see the detailed analysis👆🏻

Basically every major monthly candle is ripping much higher and squeezing out all the bears. Eventually, we will see a short term pullback so taking profits is always a good idea. However, the path of least resistance is still much higher, potentially another +20%.

Levels to watch: $4.000

Keep your long term vision,
Philip (BasicTrading)

11 hours ago

Trade closed: target reached

Gold - GOLD - is shaking out market makers:

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

After we saw a parabolic rally of about +35% over the past couple of months, Gold finally takes some time to breathe deeply. Considering this aggressive pump, it is quite likely that Gold will consolidate even more before we witness the final impulse higher.

Levels to watch: $4.000

Keep your long term vision!
Philip (BasicTrading)