Gold - Here we have the textbook breakout!

Sep 3

📖Gold (GOLD) currently breaks out:

🔎Analysis summary:

After we saw Gold rejecting the previous all time high multiple times over the past couple of months, we are now witnessing a bullish breakout. If this breakout is confirmed in the near future, Gold will head for another parabolic rally higher, repeating the 2011 blow off top.

📝Levels to watch:

$3.500

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

Sep 12

Trade active

📖Gold (GOLD) will head much higher:

🔎Analysis summary:

Finally, after a quite long term consolidation, Gold managed to break above the previous all time highs. Obviously the breakout is not confirmed yet but if momentum remains strong, this will happen. The next two month will decide everything.

📝Levels to watch:

$3.500

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

Sep 19

Trade closed: target reached

📖Gold (GOLD) rallies significantly:

🔎Analysis summary:

With this month's massive rally of about +7%, Gold is creating a substantial all time high breakout. If we see a confirmation within the next couple of weeks, Gold will head much higher. Just remember that momentum continues very long.

📝Levels to watch:

$3.500

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