Gold - This pattern just repeats!

Aug 27

🚑Gold (GOLD) shifts bearish soon:

🔎Analysis summary:

With the previous 10 year bullish cycle, Gold perfectly followed market structure. With this 10 year cycle, Gold is still perfectly respecting market structure. Overall, it becomes more and more likely that Gold creates a top formation with a bearish correction following soon.

📝Levels to watch:

$3,500

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

Sep 4

Trade active

🚑Gold (GOLD) is breaking out now:

🔎Analysis summary:

Yes, you are absolutely right. Gold was rejecting the previous all time high over and over again, but we did not see any bearish confirmation on the smaller timeframe. Since the market remained bullish, we are now talking about new all time highs.

📝Levels to watch:

$3,500

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

Sep 12

Trade closed: target reached

📖Gold (GOLD) creates the breakout now:

🔎Analysis summary:

While Gold has been consolidating for the past couple of months, we are now witnessing an all time high breakout. This all time high breakout, if confirmed in the near future, will inevitably lead to another parabolic continuation rally.

📝Levels to watch:

$3.500

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