CFDs on Gold (US$ / OZ)
Long
Updated

Gold - They All Call Me Crazy!

3 378
Gold (GOLD) is just starting the next rally:

snapshot

Click chart above to see the detailed analysis👆🏻

Just a couple of months ago, Gold perfectly broke out of the long term rising channel formation. After we then witnessed the bullish break and retest confirmation, it was quite clear that Gold will head much higher. This just seems to be the beginning of the next crazy major bullrun.

Levels to watch: $4.000

Keep your long term vision!
Philip (BasicTrading)
Trade active
Trading update on Gold (GOLD):

snapshot

Click chart above to see the detailed analysis👆🏻

Higher, higher and even higher! It really seems like Gold is not about to stop with its parabolic rally any time soon but luckily technicals told us this already a couple of months ago. Since there is literally no upside resistance level, the rally will simply continue.

Levels to watch: $4.000

Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Gold (GOLD):

snapshot

Click chart above to see the detailed analysis👆🏻

With another +10% candle in March, Gold is clearly heading for the next resistance trendline, outperforming every other asset class. It is still very likely that this strong momentum just continues, even if we see a stock market recovery any time soon.

Levels to watch: $4.000

Keep your long term vision,
Philip (BasicTrading)

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