Gold Is Climbing Out Of Consolidation!
Gold is lagging behind Palladium in terms of price and growth since 2016. However, Gold has seen
consistent growth and has been reliable for many decades and normally trends for many years at a time.
After a long-term trend and peaking at an all-time high of $1,920 in September 2011, price started to
decline over a period of 4 years. The decline saw a 45% move creating a low at $1,046 in December 2015.
From September 2011 to the present day, price has been in consolidation. A break and close above the
all-time high at $1,920 will confirm a continuation of the uptrend as price would be trading outside
of the consolidation zone.
Despite price being in consolidation, we can see a bullish trend is in play on the lower timeframes
which have allowed us to enter positions which are all currently in good profit.
We will continue to compound on our positions if we can get risk-free before major levels of resistance above.
To be conservative, you can look for opportunities if and when price breaks and closes above
the all-time high and the $2,000 round number.
See below for more information on our trading techniques and how we will continue to enter positions in Gold.
As always, keep it simple, keep it Sublime.
consistent growth and has been reliable for many decades and normally trends for many years at a time.
After a long-term trend and peaking at an all-time high of $1,920 in September 2011, price started to
decline over a period of 4 years. The decline saw a 45% move creating a low at $1,046 in December 2015.
From September 2011 to the present day, price has been in consolidation. A break and close above the
all-time high at $1,920 will confirm a continuation of the uptrend as price would be trading outside
of the consolidation zone.
Despite price being in consolidation, we can see a bullish trend is in play on the lower timeframes
which have allowed us to enter positions which are all currently in good profit.
We will continue to compound on our positions if we can get risk-free before major levels of resistance above.
To be conservative, you can look for opportunities if and when price breaks and closes above
the all-time high and the $2,000 round number.
See below for more information on our trading techniques and how we will continue to enter positions in Gold.
As always, keep it simple, keep it Sublime.
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