🤯 Gold may just go straight to $3500 in the next few hours #4

🤯 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 🥳

btw the gold depreciation today is due to the appreciation of USD