Welcome to KISS & Technical Set-Ups. In this section of the site we post examples of Technical SetUps as provided for members in real time on NorthmanTrader.com utilizing our KISS methodology.
Active Set-Ups are posted in member areas only.
To view previous setups please visit the Technical SetUps section of the website.
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For further background please see System Setups.
On May 21, we publicly outlined a technical bullish case for Gold:
— Sven Henrich (@NorthmanTrader) May 21, 2019
This was one of the charts highlighted in the source article:
Premise was that Gold would target the resistance zone and a confirmed break above would target 1520.
By June 14, Gold indeed had rallied to this resistance zone reaching over 1360 for an over $85 move in just 4 weeks confirming the original initial technical assessment:
June 26 Update:
August 8 Update: Target reached:
All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. For further details please refer to the disclaimer.
Categories: Technical SetUps