Gold - Please take partial profits now!

May 20

🛟Gold (XAUUSD) is still heading for a correction:

🔎Analysis summary:

In 2022, Gold retested a major support trendline and subsequently rallied about +250%. But just recently, Gold also retested a major resistance trendline and is now showing some real selling pressure. Therefore, it is finally time to start taking partial profits right now.

📝Levels to watch:

$5,000

🙏🏻Keep your #LONGTERMVISION – Phil

May 28

Trade active

🛟Gold (XAUUSD) is nicely playing out:

🔎Analysis summary:

Being down about -3% in May, Gold is slowly but steadily shifting its bullish momentum. And while trends take a lot of time to reverse, this seems to be a clear top formation on Gold. It now seems to be just a matter of time until Gold starts a healthy correction.

📝Levels to watch:

$5,000

🙏🏻Keep your #LONGTERMVISION – Phil

Jun 4

Trade closed: target reached

🛟Gold (XAUUSD) can still head lower:

🔎Analysis summary:

From the previous all time highs, Gold already corrected about -30%, wiping out trillions of dollars. But looking at the higher timeframe structure, this is still not the end of the correction for Gold. The market remains bullish, but Gold will create another leg lower.

📝Levels to watch:

$5,000

🙏🏻Keep your #LONGTERMVISION – Phil