Weekly Outlook for GOLD

There seems to have a bullish penant formation on the weekly time frame however, the Weekly candle has closed below the resistance level 2040-2043. In this new week, we can fill the weekly candles top wick located at 2056-2060 levels. In that case if it can hold above the 2040-2043 levels, the price can make its way to the 2080-2090 levels. After the bullish penant breakout, we can expect new highs at the price of GOLD. It will be an interesting month.