Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
I often do technical analysis for Bitcoin and the entire crypto market, but today I am here to do some technical analysis for gold. Even though I am not very good at it, I am still going to try. I have plotted some levels from July 2020 to the current time frame, which is February 2026.
That is approximately a six year time frame analysis from my side. This is not financial advice for anyone. So please make sure to understand that I am not giving any financial advice and am only sharing my personal technical analysis based on the limited knowledge that I have.
First of all, in the screenshot below, you can see the chart on the one day time frame, which has been shared so that you can see it overall from July 2020 to the current date. You can see that many trend lines have been drawn by me, and we are going to understand the meaning of each of them later in the blog.
In the next screenshot below, I am first zooming out the blue trend lines that I have drawn. There you can clearly see that gold was respecting a particular resistance for almost one hundred fifty days or more, for four continuous times, before it actually broke that resistance.
That resistance is denoted by the red trend line in the screenshot. It was a four year time frame before gold finally broke that resistance, and that was the reason behind the massive pump in gold in February 2024. We are still seeing the impact of that pump in gold even today.
Once that resistance was broken, we had to search for a new zone for gold so that the analysis could work further. If you look at the yellow and white trend lines in the screenshot below, you will understand why gold continued to move upward.
Gold respected both resistance and support within the yellow and white trend lines and kept moving between them from approximately March 2024 to September 2025, which is around a one and a half year time frame.
Once this structure was broken, we saw a pump of 43% in gold, which is a significant move. The reason behind this was the breakout of the one and a half year resistance, denoted by the yellow trend line, which helped gold reach new highs.
Now let us look at the current situation by observing the chart below. You can see two blue support trend lines that have been respected very well. Even after the recent gold crash, price tested the blue support trend line, which was also close to the yellow support line that had earlier acted as resistance. Gold bounced back from that zone.
At the moment, gold is looking quite strong, and we can expect further gains as well. However, the concern is that gold has already gained extraordinarily over the last three years, and that itself can become a problem.
So you need to be very clear about your approach. Are you a long term investor, a short term trader, or somewhere in between. Based on that, you should take your decision, and gold can help you earn money if approached correctly.
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
In the screenshot below you can see my terracore base where we have used 5 attacks after upgrading our base and still the outcomes were heart breaking as three attacks were dodged straigth.
Below you can see my golem overlord base claim details and we won decent shards but parts are much more as they crossed 4100.
That is all I did in Golem and terracore base today.
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
