Gold has reached it's target area
We are now backtesting the weekly trendline and reached the weekly upper BB. In my opinion it's time to take profits and (possibly) collect shorts. They could go a bit higher to spike through the trendline first.
Getting above 1900 on a weekly close would be very bullish for gold and we could see all time highs in 2023. My guess is a pullback here at least for now.
Good luck!
Getting above 1900 on a weekly close would be very bullish for gold and we could see all time highs in 2023. My guess is a pullback here at least for now.
Good luck!
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