GOLD - Time to buy again! Historical bull market starting

21 TemGold will at least triple its price in the following years! I hope you're as ready for a historical bull run as I am. On the chart, we can see an ascending parallel channel with 6 touches. Last week, GOLD made a pretty significant pullback, almost to the middle of the parallel channel. I have been trading for almost 8 years, and I can tell you with a high level of certainty that the middle of the channel will act as a strong support! You definitely want to be on the side of buyers. We may never go lower than that, so you can use high leverage if you feel confident. If you have high confidence, you should bet more than average. I expect the upward sloping trend line to be destroyed by the bulls and continue above to around 2589 USD.

From the Elliott Wave perspective, we have a lot of impulse wave to be done, so you are not buying the top at all. This pullback that happened last week is pretty significant, so you want to take advantage of it and buy gold. This is one of my Elliott Wave scenarios, I will keep you updated when the price develops, so make sure you follow my account on TradingView!

Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

21 Tem

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On a lower time frame, an ABC pattern has formed:

22 Tem

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Gold is consolidating on a lower timeframe. Big players accumulate gold every day and will be ready for a bounce soon. Sometimes big players need to take liquidity before sending prices higher, such as liquidity sweeps below the previous swing low!

22 Tem

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Middle of the channel has been hit! Best time to buy.

22 Tem

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23 Tem

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Let's zoom out! Gold is starting a parabolic uptrend.

23 Tem

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Gold is bouncing from the middle line successfully; everything looks good. Keep holding your long, no reason to sell.

24 Tem

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24 Tem

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On the monthly chart, we have a massive breakout above the previous swing high (2011). Now every month we have only green candles, this sequence is very bullish, and we can expect this month and next month to be bullish as well! 

29 Tem

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It's happening! My new analysis on GOLD and is gold better than Bitcoin? it is.

20 Ağu

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Gold is going up as expected. Do not sell and add to your position: new analysis: