Gold is extremely bullish, but nothing lasts forever. To trade gold profitably, you need to always trade with a trend. Clearly the trend is bullish, so we want to open only long positions and avoid short positions to increase the probability of success, and it doesn't matter if you are an intraday or swing trader. When can this huge uptrend end?
The price of gold is inside this huge ascending parallel channel on the monthly chart. This channel has a total of 5 touches, and we are waiting for the 6th touch to take action. I made a calculation, and gold will hit the top of the channel at around 7000 USD in around 2027. This channel is on the LOG scale, so to draw it, you need to switch from linear to LOG. This ascending channel started in 1993 and currently has 32 years!
From the Elliott Wave perspective, we are in wave 3, so expect a wave 4 pullback, probably this or next year. This upcoming pullback will drop the price by 20% to 30% based on historical data. But right now I am very bullish and expect much higher prices!
Please let me know in the comment section what your ultimate profit target for gold is. Are you also bullish? Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
The price of gold is inside this huge ascending parallel channel on the monthly chart. This channel has a total of 5 touches, and we are waiting for the 6th touch to take action. I made a calculation, and gold will hit the top of the channel at around 7000 USD in around 2027. This channel is on the LOG scale, so to draw it, you need to switch from linear to LOG. This ascending channel started in 1993 and currently has 32 years!
From the Elliott Wave perspective, we are in wave 3, so expect a wave 4 pullback, probably this or next year. This upcoming pullback will drop the price by 20% to 30% based on historical data. But right now I am very bullish and expect much higher prices!
Please let me know in the comment section what your ultimate profit target for gold is. Are you also bullish? Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trade active
Buy now. Profit target at the top of the channel (+120%). Reliable investment with a very small risk, all central banks buying gold for their reserves.Trade closed manually
When it comes to the entry point - entry now, or if you decide to, get a better price. Here are the levels of where to buy gold for the long term. Do not forget that a 20% flash crash is very normal.Note
Gold - 25% crash to 2650, then pump to 7000! (must see)
💡Join my VIP group (signals, my trades)
xanrox.org/premium
✅Trade gold and forex here
vtm.pro/IN3yiy
✅Trade crypto here, all countries, get VIP3 and 30% fees discount, no KYC
bitunix.com/register?vipCode=xanrox
xanrox.org/premium
✅Trade gold and forex here
vtm.pro/IN3yiy
✅Trade crypto here, all countries, get VIP3 and 30% fees discount, no KYC
bitunix.com/register?vipCode=xanrox
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💡Join my VIP group (signals, my trades)
xanrox.org/premium
✅Trade gold and forex here
vtm.pro/IN3yiy
✅Trade crypto here, all countries, get VIP3 and 30% fees discount, no KYC
bitunix.com/register?vipCode=xanrox
xanrox.org/premium
✅Trade gold and forex here
vtm.pro/IN3yiy
✅Trade crypto here, all countries, get VIP3 and 30% fees discount, no KYC
bitunix.com/register?vipCode=xanrox
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.