🤯 Gold may just go straight to $3500 in the next few hours #5

🤯 Gold may just go straight to $3500 in the next few hours Look at this 15-minute timeframe momentum ⬇️

soooo… new gold ATH next week? look at gold's price chart with weekly candles - it's unbelievable 🤯 gold is going up like a risky asset - but it in fact is a reflection of risk now it looks like a breakout from another consolidation phase 📈

all eyes on gold futures 👀 COMEX gold futures trading open in 13h markets are closed now, but blockchain never sleeps on-chain gold-backed token futures may give you a heads-up - they're up ≈1.3% from yesterday interesting to see gold moves after open spoiler: higher price

gold's behavior during the current 'bullrun' has been consistently to flip previous week's resistance to new support in the chart - the green vertical lines are weekly levels gold's current price action suggests it's flipping another resistance for support Road to $3500 🚀

🚀 you can already feel a new ATH for gold the loading screen is at 96% [🟩🟩🟩🟩🟩🟩🟩🟩🟩🟩🟩⬛] 96% and it won't stop there price action is showing immaculate breakout vibes 🤩⬇️

gold is currently the only asset whose leveraged long position can be hedged by adding more to the long on pullbacks 😄 * one of the only - and ofc technically that's not a hedge - but you can read my previous posts to understand what I mean substance over matter 😉

consider this gold pullback as a free gift to further extend your long position 🥳

gold price is back up to its price 2 weeks ago so it indeed was a good idea to long it at the pullback

gold hasn't broken the weekly uptrend - note the higher highs buying pressure today pushed the price up ≈2.5% TA is an excellent tool to gauge the price action