TradingView
basictradingtv
Jan 12, 2024 4:46 PM

Gold - Potential Breakout 

GoldOANDA

Description

Hello Traders, welcome to today's analysis of Gold.

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Explanation of my video analysis:

With the beginning of 2013 Gold started to form a major higher timeframe rounding bottom formation. After the breakout in 2019 we then saw a bullrun followed by the current consolidation. Gold is now forming an ascending triangle which could lead to a massive breakout and I am waiting for a retest of the trendline mentioned in the analysis to add to my Gold longs.

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I will only take a trade if all the rules of my strategy are satisfied.

Let me know in the comment section below if you have any questions.

Keep your long term vision.
Comments
Xanrox
Very good technical analysis, it's worth watching.
basictradingtv
@Xanrox, Thanks a lot Xanrox!!
basictradingtv
Smash that "Like" button if you are also bullish on Gold! Keep your long term vision.
linofx1
Similar scenario, thanks for sharing 👍
basictradingtv
@linofx1, thanks a lot Lino!!!
LegionQ8
Good bullish technical analysis, I like it
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