✍️Weekly Trade Plan & Recap 15th - 20th June
How the power of the Bull Channel predicted further upside in Gold! Plus analysis for the Dollar Index, EUR/USD, Silver, Copper, Platinum, S&P 500, Bitcoin and Crypto Alts.
Bull Channels are incredibly powerful patterns on higher timeframe charts.
Cast your mind back to the 31st May and this is the Gold Bull Channel on the Daily chart that I published to members, along with a trade setup.
As of the close on Friday evening, this is how that chart looks now, with a retest of the top side of the channel and the start of a move up.
I’d like to say I handled this trade perfectly, but I actually had two attempts with a decent profit in the end - details of the exact trades are in the members section of this newsletter.
Here’s another example of a Bull Channel on the weekly Bitcoin chart that I published in October 2024. It was just before the US elections.
Looking at the current chart, we can see how far Bitcoin has exploded since that original channel broke out, proving once again how effective Bull Channels can be.
Our next target for Gold is the all-time high of 3500. Trump’s 50% tariffs on Silver and Aluminium, plus Iran’s missile attack on Israel this weekend could send Gold much higher.
Further Gold price targets will be covered in the members section below. Plus we’ll look at the Dollar Index, EUR/USD, Silver, Copper, Platinum, S&P 500, Bitcoin and Crypto Alts.