Gold is respecting the 300-day simple moving average as of late. We just put in a double bottom which tagged it twice after the Silicon Valley Bank Failure which can serve as a catalyst for further upside in the week ahead. Similarities between the current situation and the situation before the big run up which began in 2019 are highlighted using 300-day Bollinger Bands for reference. If we get the same 50%+ run up above the twin peaks that we got last time, gold will exceed $3000/oz.