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💰 GOLD LONG-TERM STRUCTURE
Gold is currently showing a powerful long-term bullish structure on the higher timeframes.
Historically, gold tends to move in large expansion phases followed by long consolidation periods. Each time price breaks above a major accumulation zone, a strong rally usually follows.
In the chart, we can see two major accumulation ranges where gold consolidated for years before continuing its upward trend.
• First major consolidation: 1980s – early 2000s
• Second consolidation: roughly 2012 – 2019
After breaking above the second long-term resistance zone, gold has entered another strong expansion phase.
Right now price is trading far above the previous resistance, which has now turned into a major support zone.
If this historical structure continues, gold may see periods of pullbacks or consolidation above this support before potentially continuing its long-term upward trend.
Markets rarely move in straight lines, but the overall macro structure still suggests strong long-term momentum for gold as investors continue looking for hard assets during periods of economic uncertainty.
Catch the Move Here 👇🏻
$XAU
{future}(XAUUSDT)
$PAXG
{future}(PAXGUSDT)
Historically, gold tends to move in large expansion phases followed by long consolidation periods. Each time price breaks above a major accumulation zone, a strong rally usually follows.
In the chart, we can see two major accumulation ranges where gold consolidated for years before continuing its upward trend.
• First major consolidation: 1980s – early 2000s
• Second consolidation: roughly 2012 – 2019
After breaking above the second long-term resistance zone, gold has entered another strong expansion phase.
Right now price is trading far above the previous resistance, which has now turned into a major support zone.
If this historical structure continues, gold may see periods of pullbacks or consolidation above this support before potentially continuing its long-term upward trend.
Markets rarely move in straight lines, but the overall macro structure still suggests strong long-term momentum for gold as investors continue looking for hard assets during periods of economic uncertainty.
Catch the Move Here 👇🏻
$XAU
{future}(XAUUSDT)
$PAXG
{future}(PAXGUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.