Gold 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.
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.
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On a lower time frame, an ABC pattern has formed:Not
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!Not
Middle of the channel has been hit! Best time to buy.İşlem aktif
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Let's zoom out! Gold is starting a parabolic uptrend.Not
Gold is bouncing from the middle line successfully; everything looks good. Keep holding your long, no reason to sell.Not
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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! İşlem aktif
It's happening! My new analysis on GOLD and is gold better than Bitcoin? it is.
İşlem aktif
Gold is going up as expected. Do not sell and add to your position: new analysis:
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
💡Join my VIP group (signals, my trades)
xanrox.org/premium
✅Trade crypto here, all countries, get VIP3 and 30% fees discount, no KYC
bitunix.com/register?vipCode=xanrox
✅Trade gold and forex here
vtm.pro/IN3yiy
xanrox.org/premium
✅Trade crypto here, all countries, get VIP3 and 30% fees discount, no KYC
bitunix.com/register?vipCode=xanrox
✅Trade gold and forex here
vtm.pro/IN3yiy
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.