🤯 Gold may just go straight to $3500 in the next few hours #7
🤯 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 approaching $3400. $3300 was a good price for longs - like I wrote a week ago currently gold is one of the only assets where leverage entails a much lesser risk upside price pressure is coming from several points
gold back to $3400 - trend lines & channels on the chart you can see where it's headed next 😄
🚀 gold futures NEW all time high above $3500 futures price is usually above spot. today's increase was caused by tariffs on gold used in COMEX & CME. i wrote a thread about that today i will keep this thread active at least until the spot price reaches a new ATH 😄
gold tariffs put further upside pressure for gold towards a new all time high on spot this is in addition to the global monetary, geopolitical and fiscal positive price pressures a significant part of the markets will be closed for the weekend. there could be a gap on reopen
quick update on gold: everything according to the plan - the thesis remains valid. now just wait and let the price action unfold 😄 use these trend lines as a guide
