GOLD - is this the breakout we have been waiting for? Long

GOLD (US$/OZ)TVC

Description

⋅ Apr 16, 2021 4:25 PM

Good chance the trend has changed here.

Will be looking to enter a long if we get a breakout, retest and resumption of the purple trendline.

I expect this to happen in the next few days.

If we can flip the Purple line to support I see a run to new all time highs for the rest of the year.

Trend Analysis Chart Patterns

Comments

MasterSpeculator

⋅ Apr 30, 2021 2:08 AM

Don’t forget.. less is more. Keep it simple.

rote1

⋅ Apr 16, 2021 4:42 PM

your trendline isn't accurate lol

WissiG

⋅ Apr 16, 2021 7:55 PM

@rote1, what kind of comment is that? They're subjective and it has plenty of touches - I could have cleaned up the chart but its entirely about the purple line, as it says in the description.