Gold broke out of a multi-year consolidation (2020–2024) when it cleared the previous all-time high of $2,080. Once that level broke, we entered price discovery mode.
This is important: There's no overhead resistance from traders who bought at higher levels because there are no higher levels. That's bullish. But it also means we're in uncharted territory.
The weekly chart shows a clean uptrend with no signs of reversal yet. But rallies this big and fast typically need consolidation phases.
Here's where it gets specific. Gold showed a classic consolidation pattern:
- Consolidation range: $2,565–$2,750
- Breakout point: Early 2025
- Measured move target: ~$3400
Using the Fibonacci extension, if the uptrend continues, it suggests the next major resistance is around $4,500 and $4,750.
If you plot these on a chart, you see:
- Gold broke out cleanly from consolidation
- Every pullback has been bought
We're in a controlled uptrend, not parabolic. This is the structure of a trend that could continue.
But it's also the structure that could reverse if critical support breaks.
This is important: There's no overhead resistance from traders who bought at higher levels because there are no higher levels. That's bullish. But it also means we're in uncharted territory.
The weekly chart shows a clean uptrend with no signs of reversal yet. But rallies this big and fast typically need consolidation phases.
Here's where it gets specific. Gold showed a classic consolidation pattern:
- Consolidation range: $2,565–$2,750
- Breakout point: Early 2025
- Measured move target: ~$3400
Using the Fibonacci extension, if the uptrend continues, it suggests the next major resistance is around $4,500 and $4,750.
If you plot these on a chart, you see:
- Gold broke out cleanly from consolidation
- Every pullback has been bought
We're in a controlled uptrend, not parabolic. This is the structure of a trend that could continue.
But it's also the structure that could reverse if critical support breaks.
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Join my mailing list jindaotai.com/joinme
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。