If you bought #GOLD $XAU anywhere near this topping channel, I rate this as Extremely high risk.

I've had many stop by and say we are going to pull off a 1980's style run and overshoot the topping channel.

Let's entertain this idea for a second. If we do overshoot, the horizontal Gann Level 6 at $7638 will be a formidable resistance. This is just about 50% higher.

Even the most parabolic of bull runs I've never seen break through more than 2 Levels in one bull market. The 1970's run ended exactly 2 levels higher precisely at Level 3.

This information is for your perusal as you deem fit.

P.S before breaking out of the topping channel in 1980, there was a 9% correction at the topping channel first.