GOLD CFD's (US$ / OZ)
Short
Aktualisiert

Gold - The bullrun is over today!

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💰Gold (GOLD) creates a massive top:
Snapshot

🔎Analysis summary:
Starting all the way back in 2015, Gold created a major rounding bottom pattern. After the breakout, Gold started its major bullrun, rallying about +300% over the past couple of years. But after this rally, Gold is now showing clear signs of a serious top formation.

📝Levels to watch:
$4,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade ist aktiv
💰Gold (GOLD) perfectly reverses now:
Snapshot

🔎Analysis summary:
After a 10 year rally starting back in 2015, Gold is now perfectly rejecting a major resistance. Just keep in mind though that these bullrun reversals always take time and a lot of back and forth. But over the course of the next weeks, I expect a reversal.

📝Levels to watch:
$4,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade geschlossen: Ziel wurde erreicht
💰Gold (GOLD) is nicely playing out:
Snapshot

🔎Analysis summary:
Yep, Gold is right now heading higher and targeting the previous all time highs. But you have to keep in mind that we just witnessed a major bearish rejection wick, which shows clear selling pressure. Eventually, Gold will create a major top formation here.

📝Levels to watch:
$4,000

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

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