Gold - Preparing the final blow off top!

Jan 28

💰Gold (XAUUSD) will rally a final +20%:

🔎Analysis summary:

Just in January alone, Gold is up another +25% so far. Looking at this very bullish parabolic rally, Gold remains super strong and is still not done with the bullrun. Until Gold retests the ultimate resistance trendline, it can easily rally another +20% from the current levels.

📝Levels to watch:

$6,000

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

Feb 5

Trade active

💰Gold (XAUUSD) created its final top formation:

🔎Analysis summary:

After all this time, Gold finally created its blow-off top with a parabolic move. And after Gold then perfectly retested the resistance trendline, we witnessed a clear bearish rejection. After we see some consolidation, this will be the official bullrun top on Gold.

📝Levels to watch:

$6,000

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

Feb 12

Trade closed: target reached

💰Gold (XAUUSD) will not create new highs anymore:

🔎Analysis summary:

Over the course of the past three years, Gold rallied more than +250%. But with the recent retest of the ultimate resistance trendline, Gold is now creating its ultimate top formation. Quite likely that we will not see any new all time highs on Gold soon.

📝Levels to watch:

$5,000

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