No real support below 30k, so unless this is broken we are heading to 75k next.
Gold to all time highs before a deeper correction. Price action has been bearish for the last 6 months, creating the longest correction since the bull run started at the end of 2018. Lots of long term sellers have joined the correction and gold is ready to give another high before meeting their targets.
Clear bull cleaning last week, rejecting 1794 level (bulls 2011-2013 level nightmare) and recapturing 1820 level give us a sign of reversal with target 1920.
Christmas bull run cancelled after 10 years, dissapointment will reset. First support for bulls ~1850, if fails will try to double bottom ~1770
Held pretty well in the bottom of the bullish wedge, good time to add longs.
Not being able to break again the trendline that has been so many times rejected, gold might complete a 5 waves correction pattern down before going to new highs.
And once again struggling to come down this support is playing well as a resistance for longs.